IWM Robot Clarification Question

[grems8544]

Is the signal still valid if the SL is hit intraday? Meaning, if once the SL is hit intraday, does the model move to the sidelines and begin to look for a short entry intraday on the same day? Or, since intraday is not considered in backtesting, is the end of day price the only price that matters for the change of signals?

Pascal,

Just saw that you updated the IWM message. I think that the right answer is that the stop takes you out for the day (e.g., do nothing after the stop), and then wait for the next trading day. Put another way, the robot does not change directions intraday.

[TraderD]

Pascal,

Just saw that you updated the IWM message. I think that the right answer is that the stop takes you out for the day (e.g., do nothing after the stop), and then wait for the next trading day. Put another way, the robot does not change directions intraday.

If the trade direction for tomorrow is still long (per Pascal's guess), is it possible that the IWM stop ($83.17) is actually a good R/R buy entry price? In that case, I would assume that an intraday robot (if one existed) wouldn't let the original long trade get stopped out.

$.02,

Trader D