8 Whittle Down
The system is designed to short on directionally negative instruments like VXX & SQQQ
RED LINE == STOP LOSS LINE
GREENLINE == PROFIT TARGET FOR THE 1ST TRADE
YELLOW LINE == ADD ON SHARES TO THE TRADE
WHITE LINE == PROFIT TARGET FOR THE 1st & 2nd TRADE COMBINED
Let me know if you have any questions and I'll try to clarify
- The system only shorts, no longs
- It enters a pilot position if the system has no trades open at the time is in the late afternoon
- It uses a 200-day moving average as a filter and will only short if the price is below the 200 day moving average
- The pilot position will only enter with 1/3 ( one third ) of the total expected position size
- StopLossPerc sets the stop loss, (1.15) means it is set to a 15% stop loss. -- The Red Line
- The system will buy additional shares for a full position if the pilot piston profit target was not reached
- The full shares position is set to purchase at a higher price. T2EntTrgPerc sets the buy percentage target for the additional shares. -- The Yellow Line
- Each entry has different settable profit targets. T1ProfTrgPerc sets the profit target for the first trade (0.95) is basically set to a 5% profit.
- T2ProfTrgPerc sets the profit target for the second trade (0.90) is basically set to a 10% profit. -- The White Line
RED LINE == STOP LOSS LINE
GREENLINE == PROFIT TARGET FOR THE 1ST TRADE
YELLOW LINE == ADD ON SHARES TO THE TRADE
WHITE LINE == PROFIT TARGET FOR THE 1st & 2nd TRADE COMBINED
Let me know if you have any questions and I'll try to clarify