Obviously very nice long entry and trade by the SPY QE
BTS.
As you know, following the mean reversion move close above the 8
day SMA, the MOMO trend told condition triggered where the system
held the trade off to the MOMO hold condition like a runner passing
the baton.
However, on the the chart, note the 34 length Stochastic -
should that get above 80% while the trade is still long, the MOMO
condition will pass the baton off to the 34 Stochastic hold
condition and will hold the trade as long as the 34 Stochastic
holds above 80%
Good example of how some oft these systems have multiple
conditions/rules that can come into play
I added to the graphic showing the depiction of the multiple
hold rules
I'll probably do another video on this trade.
I also don't mind showing some of that secret sauce, there's a
lot to these systems so I'm not worried about people re-engineering
the system. Those hold conditions actually can apply and be
used to most any trade you do, they are sort of universal
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Open Mean Reversion SPY system: example discussion of the hold conditions
Posted by matt on 22nd of Jan 2025 at 09:34 am
Obviously very nice long entry and trade by the SPY QE BTS.
As you know, following the mean reversion move close above the 8 day SMA, the MOMO trend told condition triggered where the system held the trade off to the MOMO hold condition like a runner passing the baton.
However, on the the chart, note the 34 length Stochastic - should that get above 80% while the trade is still long, the MOMO condition will pass the baton off to the 34 Stochastic hold condition and will hold the trade as long as the 34 Stochastic holds above 80%
Good example of how some oft these systems have multiple conditions/rules that can come into play
great trade and great system.
Posted by brentfreeland2 on 22nd of Jan 2025 at 09:49 am
great trade and great system.
I added to the graphic
Posted by matt on 22nd of Jan 2025 at 09:53 am
I added to the graphic showing the depiction of the multiple hold rules
I'll probably do another video on this trade.
I also don't mind showing some of that secret sauce, there's a lot to these systems so I'm not worried about people re-engineering the system. Those hold conditions actually can apply and be used to most any trade you do, they are sort of universal