Anyone know Rockwell's Ping Pong Strategy?

All,

Does anyone know the exit adjustment rules for the ping pong strategy? If a trade starts going against you, do you adjust only on the close of the active bar, or do you adjust as the active bar expands its range.

For example: you are short, but the active bar closes higher so you set the new exit at 1 tick below the new anticipated low and wait for the bar to close, or do you continually adjust the sell limit on the active bar if it starts making new high.

I.e., do you always try to maintain the 2.25 tick range on the active bar or only adjust when a new bar opens.

BTW: Unless you know the strategy, this probably doesn't make sense. Also, I know some people claim Rockwell is a scam, but this strategy does seem to have some merit.

Thanks,

GA

 

Sounds like crap to me. Also sounds like an some sort of intro.

 

Not sure what you mean.

GA

 

You mean a trailing stop?

 

It's not really a stop, but more of a moving price target based on either the close of the previous bar or the anticipated close of the active bar (using 8 tick range bars).

Not sure which, but I'd like to avoid buying their DVD to answer one question. The strategy seems to work either way, but I'd like to know what they think is optimal.

Thanks,

GA