Stop moved up to 812 with 4 points locked in already. Short Signal is below 812 now (trailing on 2 points grid).
Recent signals have been: Long 808 +6 Short 814 -2 Long 816 -2 Short 814 +8 Current signal: Long 806 TS 804
Here is an intermediate-term RUT swing system in EasyLanguage. It does not trade very often but does well with Russell2000($RUT.X), especially for Long positions. It might provide a useful filter for other shorter-term systems: Inputs: Length(35), StdDevUp(2.0), StdDevDn(-2.0); Vars: UpBand(0), DnBand(0), Ave(0); UpBand = BollingerBand(Close,Length,StdDevUp); DnBand = BollingerBand(Close,Length,StdDevDn); Ave = Average(Close,Length); if ( MarketPosition = 0 ) and ( Close > UpBand ) then Buy("BE") tomorrow at market; if ( MarketPosition = 0 ) and ( Close < DnBand ) then SellShort("SE") tomorrow at market; if ( MarketPosition = 1 ) and ( Close < Ave ) then Sell("LX") today at close; if ( MarketPosition = -1 ) and ( Close > Ave ) then BuyToCover("SX") today at close;
BrightPropGuy Thank you for your script. Can you explan the system further? (Evtl. you can add a graphics)
Buy Signal above 806 TS 804 Market is still down from 806 with trailing stop at 806 Recent signals: Long 808 +6 Short 814 -2.2 (fast market) Long 816 -2.2 (fast market) Short 814 +4 Long 806 0 Short 806 0 Long 806 -2 Current signal is short 806 TS 806
Attached graphics shows how to map the RUT to a tradeable instrument like the IWM. Best Trades are 1) Breaking a trendline 2) Confirmation by surpassing higher high (or low) Example shows yesterday's market (02/12/07)
See attached the 10 day frame. Good entries/exits are market. Please be aware that's all hindsight. It shows illustrative how to get some systematic into the approach.
Attached the last 3 signals for RUT and their match to the IWM. Not all signals on the RUT can be positively utilized on the IWM.