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Non-Tech : OmniTrader-Do you like it???
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To: Ken Adams who wrote (152)4/22/1998 7:14:00 PM
From: Craig DeHaan  Read Replies (1) of 402
 
Ken,
Nice recap w/ alert trade management. I assume the original buy signal was using the EM trading model we spoke about earlier? Without waiting around for a % loss sell signal you're well advised to closely monitor these short trades as you have here so as to exit at the most opportune moment based on your target. The EM model sell signal isn't all that great anyway IMO, tho you've already mentioned you're not using it for this purpose. That's why I generally prefer to use a reversing signal anytime before the 5 day inactivity exit has expired vs. the % loss stop. As you've shown, with only 3 days in the trade you certainly don't want to wait for the 10% scalp to turn back on you.

Good show and continued good trading w/ OT.

Craig
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