Quote Originally Posted by slgerritz View Post
Billy or Pascal,
The GDX robot gave a new signal to buy at $51.57. Is the robot telling us to wait for a drop to the $51.57 before buying? If so, the strong MF into the sector may not give us to opportunity to by at $51.57. If the train leaves the station should we chase the price or wait for robot entry price?
Steve
Steve, if you want to take advantage of all the edges included in the robot design, you need to wait for an entry limit to be hit. A big chunk of the outperformance of the robots is stemming from waiting for the optimal entry points. The initial optimal stop is an important function of the limitentry price. No need to chase the train blindly, tomorrow may offer another optimal entry limit for the risk management system of the robot. If you buy at another point, the robot management becomes useless and it becomes pure discretionary trading.
Billy