End of Quarter - September 30, 2011

[buzzman]

Oftentimes the limit entry from the Robot is never hit on the day following. Today TZA is a good example, the limit setting was for 47.35 and TZA never dropped to that level. How is this situation handled by the Robot (in backtesting) and more importantly by experienced traders? Appreciate the help. bz

[Pascal]

Oftentimes the limit entry from the Robot is never hit on the day following. Today TZA is a good example, the limit setting was for 47.35 and TZA never dropped to that level. How is this situation handled by the Robot (in backtesting) and more importantly by experienced traders? Appreciate the help. bz

The robot enters as soon as a the first limit order is hit and stays in the trade. Today's TZA buy limit was a secondary order, but the robot has already entered its position (Short IWM) a few days ago and hence does not enter a second position. Therefore, in back-tests, we only consider the first position.


Pascal