Trix Moving Average - Looking For Exit When Market Corrects by Mike Reichard

Mike Reichard

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Is it possible to have a monthly consolidator AND a daily TRIX signal to exit early? Trying to use the monthly consolidator to calculate the monthly performance of the universe of ETF's. Then, selete the bottom 3 to BUY and hold for 1 month.

Additionally, tyring to EXIT the ETF's before month end if the TRIX 6 is below its 4 day moving average. The "overbought" and "oversold" idea did not help me exit early.

Is it possible to exit early if I'm only REBALANCING on the 1st day of the month? Appreciate your suggestions on how to mover forward.

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Mike Reichard

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Rahul Chowdhury

38.6k ,

Hey Mike,

Your algorithm is currently entering trades once a month based on the monthly consolidator and exiting on the daily TRIX overbought signal for SPY. I added a SMA on the TRIX indicator using indicator extensions. This algorithm now exits early based if the current TRIX is less than its 4 day SMA. Keep in mind that this means if your algorithm exits early, you will have no position for the remainder of the month.Perhaps instead of exiting all your trades based on the TRIX value of just SPY, you can exit position based on its own TRIX value.

Mike Reichard

3.1k ,

Thanks Rahul. Appreciate your thoughtful insights.

Mike Reichard

3.1k ,

Hi Rahul, looked at the “exits” I’m getting with the use of TRIX SMA 4 nf the SPY. I like your idea to check the TRIX SMA 4 of the current ETF rather the the SPY.

Would I use the “indicator extension” to calculate SMA for each ETF, or is there another better way?

Then, in the OnData section can I check each ETF (depending on how many I’ve selected) and only exit the ones that are below their own TRIX SMA 4?

With your idea I’d be getting out when there is weakness in the particular ETF that I’m in.

Thanks for your insights!

Mike

Mike Reichard

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