For the back-test involving Pivots, all the entries are on pivots and the exits are on trailing stops or signal change. Half of the exists were on signal change. On signal change, the strategy was to sell at the close.
I posted today a back-test comparing a buy/sell at the close to a buy/sell at the next day open both for IWM and for GDX using strong signals only. The IWM results are the same. the GDX are 10% different (buy/sell at the close give 10% better returns for GDX, mainly because GDX trades extremes of the signals).
Pascal