Questions from a new member

[buzzman]

I really appreciate your efforts to help me. And I'm sorry to be so naive or just plain dumb, but my question doesn't relate so much to the ROBOTS performance but more to my entry procedure. If upon receiving a buy signal from the ROBOT, I place a limit order at the beginning of the next day and it doesn't get filled, do I just wait for the next buy signal opportunity because I'm assuming the ROBOTS buy limit order did not get filled either. Or do I take the next days ROBOT settings? I guess I'm asking how the ROBOTS order gets placed to meet the performance numbers if it doesn't get filled at the beginning of the next day.

I realize most everyone on this site is very experienced and I am so sorry to be asking such a dumb questions, but I love this process and this site, and I need some guidance.

[Billy]

I really appreciate your efforts to help me. And I'm sorry to be so naive or just plain dumb, but my question doesn't relate so much to the ROBOTS performance but more to my entry procedure. If upon receiving a buy signal from the ROBOT, I place a limit order at the beginning of the next day and it doesn't get filled, do I just wait for the next buy signal opportunity because I'm assuming the ROBOTS buy limit order did not get filled either. Or do I take the next days ROBOT settings? I guess I'm asking how the ROBOTS order gets placed to meet the performance numbers if it doesn't get filled at the beginning of the next day.

I realize most everyone on this site is very experienced and I am so sorry to be asking such a dumb questions, but I love this process and this site, and I need some guidance.

If you place the recommended limit order and it is not filled, the robot’s order will neither be filled. You will see the position of the robot on its page the next day.
You then must enter the exact same new limit price and setup than the robot for the next day. Note that If the robot can enter at a better price than the limit, it will adjust its initial stop price proportionally.
Billy

[Harry]

Buzzman,

Keep asking questions. We were all there at some point, I myself have a ways to go on the learning curve.

We are all here to either become or help others become better traders. The worst thing you can do is lose money by being hesitant to ask a question.

Harry

[buzzman]

Harry, thanks much for the patience and understanding and Billy I finally get it, thank you.
Please indulge me for one final dumb question today, I promise.

Looking at the performance numbers for the IWM trades (avoiding neutral signals) I see that the exit price is always in the area of 3.25 to 3.5% from the highest high or lowest low over the holding period of the trade when the reason is SL (stop loss). But when the reason was MF on the 8/24 to 8/31 trade, the exit price was only .016 away from the hightest high during that period. Is there an MF signal during the day?

How does the ROBOT manage stops?

[Rembert]

How does the ROBOT manage stops?

We don't know. The trailing stop is an adaptive volatility based system if I remember correctly. Something similar to the chandelier exit would be my guess. But the exact working is a secret :)

[Harry]

The stop limits are determined via Billy and Pascal work. The work involves use of ATR, volatility, pivot weighting, etc., I believe? The exact formula for the IWM robot stop limits is proprietary.

The MF signal comes from the 20DMF that Pascal calculates and periodically updates throughout the day. At the top of the main webpage you should see a link for it. If you click on it and scroll down, you will see a zoomed version that Pascal sometimes updates during the trading day if he's available. At the bottom are the rules for the 20DMF. So, for example, if the IWM robot is long and yet the 20DMF issues a sell signal, the Robot will exit it's position. When we are getting close to such a situation, Pascal or Billy will post a heads up message in the forum

Harry

[buzzman]

I think I'm up to speed. Thanks to you all again. bz

[pdp-brugge]

Hi shawn_molodow,

I find your Excelfile (Robot Stats - Q4 2011 - Group Post" very good!
I'm going to use something like take to further track the daily numbers that Pascal put's on the robotpages
I'm lacking the numbers of yesterday (10/12/2011)
would it be possible to place an updated excelfile (with your personal stuff off course removed) in this thread?

Kind regards

PdP