To paraphrase the Robot's IWM settings for XLK:

Magagement of an existing position
The XLK long position was bought at 25.95, with stop loss remaining at 25.44.

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Settings for a (hypothetical) new position

These are the trade settings for the trading day that follows 8/1/2011:
The long entry price is 25.96 and the stop level is 25.43

***This is not a recommended position. This is only a live beta test with my own money.

The current price is 25.79. I'm tempted to tweak the stop down to 25.43, but I'll hold at 25.44 for the purposes of the test.