Hi all,
Lately market’s been doing this (spiking up, then dropping back down, or spiking down then going back up) a lot lately. This is not something that’s easy for my algorithms to handle, mainly because it triggers stops more often, and then the trade continues and would have been profitable. Luckily today that didn’t happen, but man, this type of chart happens so many days lately! One positive note at least is that stops are adjusting to be wider now (there is a lag as it uses history to set the stops, and new history, aka training set data, has to come in). As of yesterday EOD, my algos are short, and this morning it came VERY VERY close to triggering the stop.
- Tony
