Forgive me if this has been covered -- I couldn't find it in the Advanced Search nor in the documents that I have for the robots.
The IWM Buy/Neutral settings were BUY if below $85.08 with a SL of $83.26. IWM finished at 83.37 but was below $83.26 for a good chunk the last hour. I know the backtesting only looks at the close of the day, not the intraday.
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?
(tipping my hand here, I entered another position in IWM/UWM on the long side near the close as soon as we climbed above the SL level).
Thanks,
pgd