Re: A Mechanical Strategy Journal
Plugged formula into a 'ShowMe' function in Tradestation Radarscreen to automate the calculations and can post them after the opening price prints.
Today we will get 'sell-long and go-short' signals at the following prices:
NQZ07.D Short 4 Contracts on Sell-Stop @ 2066.75
ER2Z07.D Short 2 Contract on Sell-Stop @ 819.90
note:
ESZ07.D - Already short and no buy signal can trigger today
(since already long, the NQ and ER2 trades are actually 'Stop And Reverse' trades whereby you would short 4 NQ and 2 ER2 -- first to sell long, then to go short)
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I really don't like these potential short orders -- not to say there isn't downside, there will likely be a good flush down today or tomorrow... -- its just that we have no prospect of covering these orders until we close low in the 5-day range -- which won't be for a while most likely --- seems like a tough trade but I will follow them here anyway. Meanshile, I will be working and thinking on some filters for the short-side code. Have a couple of ideas -- need to work out the code for them.
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