Breakout is a hold until the close or stopped out. Reverse might go short if the ES gets up above 1123
It changes all the time. Right now it's at 1104.75. If the market starts dropping below the entry, it'll move the stop up quickly.
Summary Points of profit before today +168.00 Breakout +6.25*7 = +43.75 Reverse - no trade Swing - no trade Points of closed trades after today +211.75 No open trades
Just out of curiosity, what are the other eight systems based on? I would think that between a swing, a reversal and a breakout system you'd have almost all possible trading styles covered. -bbc
The eight are all based on breakouts. They're grouped as pairs so that one trades against another. For example one might be a breakout taking the first move of the day, while it's pair might look for breakouts against the first move of the day. We used to trade 5 systems on the ND and SP markets, but he got tired of the ND pit traders trying to screw him on fills. Now it's all ES.