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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (38090)	10/21/1999 2:55:00 PM
From: Patrick Slevin	Read Replies (2) \| Respond to of 44573

The set up is such that it can be tweaked to pick a daytrade that can be held overnight, making it something of a Short term system. But basically, it's set up is just to take one trade all day. As soon as you get the signal, you take it, place the Stop, and Exit on the Close or when the Stop is hit. The Stop trails after a time.... In the case of this signal, the trade may be held overnight...that's how strong the signal is. Maybe I'll let it run overnight in the contest to se how it plays out if I don't get stopped. Stop is pretty high to be hit this late in the day, however. I will take it off in real trading at the Close if the Stop isn't hit. I don't like the system THAT much.