If I understand the mech system correctly, SRS #2 went long this
morning and because the MAs crossed again this afternoon, one would
exit the trade from this morning and not wait till end of day.
You automatically reverse the position too, to be exited at EOD?
Correct?
Yeah, it seems obvious to you but I just want to be absolutely
clear that i am reading the posted info correctly before I plunge
into any of these systems.
Posted by rgoodwin on 15th of Oct 2009 at 02:55 pm
perthx - when the MA's cross back - that is your reversal - so
YES you would have reversed the position. Then if it is an EOD
system, you will be closed out EOD - everytime the MA's cross, you
will reverse position on the next candle after the crossing candle.
You can PM me if this doesn't help.
Posted by mitchellvisa1 on 15th of Oct 2009 at 03:01 pm
There has only been one cross today. In the original
question, he states "
SRS #2 went long this
morning and because the MAs crossed again this afternoon," There has not been
another cross this afternoon. There was one cross
today. Also, he is asking about
SRS #2, which is not an EOD system.
Maybe we need some standard way of identifying which system is
being discussed! I know that I get confused sometimes even in my
own notes. Maybe Matt or Tom could start labeling the systems
on the Premium Page with numbers or Roman numerals or letters, or
"E" or "S" for EOD or Swing, e.g. "SRS S-II". (There's
probably something better - I'm just throwing this out
there.) Any thoughts?
Posted by mitchellvisa1 on 15th of Oct 2009 at 02:41 pm
SRS #2 is NOT an EOD system. The only time you would not
be short or long is if it had a 17% run, and you exited and waited
for the next cross. You will always be long or short at all
times and carry your position overnight, etc. It is currently
LONG, and the MA's have NOT crossed "again" today. They
crossed once this morning. This exited your short position
from Tuesday and took you long. Good Luck with it, it has
been doing very well lately.
SRS #2 switched up?
Posted by perthx on 15th of Oct 2009 at 02:35 pm
If I understand the mech system correctly, SRS #2 went long this morning and because the MAs crossed again this afternoon, one would exit the trade from this morning and not wait till end of day.
You automatically reverse the position too, to be exited at EOD? Correct?
Yeah, it seems obvious to you but I just want to be absolutely clear that i am reading the posted info correctly before I plunge into any of these systems.
SRS System
Posted by rgoodwin on 15th of Oct 2009 at 02:55 pm
perthx - when the MA's cross back - that is your reversal - so YES you would have reversed the position. Then if it is an EOD system, you will be closed out EOD - everytime the MA's cross, you will reverse position on the next candle after the crossing candle. You can PM me if this doesn't help.
There has only been one
Posted by mitchellvisa1 on 15th of Oct 2009 at 03:01 pm
There has only been one cross today. In the original question, he states " SRS #2 went long this morning and because the MAs crossed again this afternoon," There has not been another cross this afternoon. There was one cross today. Also, he is asking about SRS #2, which is not an EOD system.
Title: Mech Systems names Maybe we
Posted by twins on 15th of Oct 2009 at 03:33 pm
Maybe we need some standard way of identifying which system is being discussed! I know that I get confused sometimes even in my own notes. Maybe Matt or Tom could start labeling the systems on the Premium Page with numbers or Roman numerals or letters, or "E" or "S" for EOD or Swing, e.g. "SRS S-II". (There's probably something better - I'm just throwing this out there.) Any thoughts?
SRS #2 is NOT an
Posted by mitchellvisa1 on 15th of Oct 2009 at 02:41 pm
SRS #2 is NOT an EOD system. The only time you would not be short or long is if it had a 17% run, and you exited and waited for the next cross. You will always be long or short at all times and carry your position overnight, etc. It is currently LONG, and the MA's have NOT crossed "again" today. They crossed once this morning. This exited your short position from Tuesday and took you long. Good Luck with it, it has been doing very well lately.
that's correct. thanks for explaining
Posted by matt on 15th of Oct 2009 at 02:58 pm
that's correct. thanks for explaining it in more detail to perthx, I was busying running a few errands and was unavailable.