all the crossover systems are the same -- the trade is executed
at the open of the candle after the crossing candle. So if
the moving average cross occurs on the last candle of the day on
Friday, the trade would be taken at the open of the next candle,
which is the open on Monday morning. first candle of the next
day.
Maybe you will decide for various reasons not to do take that
trade, buit that's the system. If you have the system
automated, that is what would happen -- it would buy at the
open on Monday.
There is some debate about whether or not to take that trade if
it is an EOD system -- does the cross from the end of the previous
day count? -- but with the swing systems there should be no
question, since it is a continuous system.
Cut & Pasted from the FAQ Section in Premium Content
"
Next, all signals are only entered
at the
close of the confirming
candle! The confirming candle is the candle/bar that
causes the MA's to crossover. Traders are ONLY entered after
the confirming candle closes for the respective time frame.
For example, if the MA system is for a 15 min chart, then you would
only enter trades on the close of each 15 min bar i.e. 9:00, 9:15,
9;30 not between 15 min periods such as 9:07, 9:21 etc. This
is also true with any other time frame which the systems may be
for. "
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same question for me....anyone know
SRS swing 2
Posted by billrosen on 5th of Dec 2009 at 08:32 pm
same question for me....anyone know the answer to this?
question on SRS swing
Posted by Michael on 6th of Dec 2009 at 04:13 pm
all the crossover systems are the same -- the trade is executed at the open of the candle after the crossing candle. So if the moving average cross occurs on the last candle of the day on Friday, the trade would be taken at the open of the next candle, which is the open on Monday morning. first candle of the next day.
Maybe you will decide for various reasons not to do take that trade, buit that's the system. If you have the system automated, that is what would happen -- it would buy at the open on Monday.
There is some debate about whether or not to take that trade if it is an EOD system -- does the cross from the end of the previous day count? -- but with the swing systems there should be no question, since it is a continuous system.
Cut & Pasted from the
Posted by stevedfw on 6th of Dec 2009 at 05:01 pm
Cut & Pasted from the FAQ Section in Premium Content
" Next, all signals are only entered at the close of the confirming candle! The confirming candle is the candle/bar that causes the MA's to crossover. Traders are ONLY entered after the confirming candle closes for the respective time frame. For example, if the MA system is for a 15 min chart, then you would only enter trades on the close of each 15 min bar i.e. 9:00, 9:15, 9;30 not between 15 min periods such as 9:07, 9:21 etc. This is also true with any other time frame which the systems may be for. "