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sgbyrne

Member

Posts: 10

Joined: 1/2/2004
Location: Humble, Texas

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Subject : RE: A Confidence Boost
Posted : 11/23/2018 10:12 PM
Post #45692 - In reply to #45651

Hi Mark,

I really appreciate the research you have done in ATM and I am glad to see you are getting better results with combined strategies.
I agree that you may have really good historical results but all too often strategies fail on the right edge, especially in a down-market. As far as I know Omnivest trades are 'MOO' on the day following the signal.
My own research has shown that MOO trades are very unpredictable, I have put together examples of 'market' and 'MOO' trades using a single strategy with the same settings, with 'market' and 'MOO' stops.




Ken Wilsdon, Nirvana Club Member, made a comment which gives one food for thought:

'I never use MOO orders. Only stop market, limit or stop limit orders. MOO orders do not give me confirmation that the security is moving in my direction at entry. I am at the mercy of the market makers on my MOO orders, and I am not in control. I could be entering much further away from my entry zone than I am comfortably doing, thus screwing up my risk/reward. Conversely, I would consider MOC orders, as this is the time when professional money is setting final value for a security and they rather than the market makers are in control.'

Roll on ATM RT.

Steve Byrne


[Edited by sgbyrne on 11/23/2018 10:25 PM]

Attached file : MarketOnOpen23Nov2018.jpg (570KB - 1797 downloads)
Attached file : Market23Nov2018.jpg (540KB - 1729 downloads)

Deleting message 45692 : RE: A Confidence Boost


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