Major Software Upgrade for Stops and Targets!

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Over the weekend, the last pieces were set in place for a major upgrade to the Stops and Targets algorithms and user interface…S&T has now been fully ‘swingerized’, as I have had a big part in revamping the underlying strategies. ¬†ūüôā

When you log in today, you will notice a different layout–but hopefully, the basic look and feel will remain comfortable for those of you who have been using Stops and Targets for years. ¬†The underlying technologies that generate the page layout have also been changed and it should all load a bit more quickly and smoothly.

I have been using betas of the new software for months, and it is amazing.  I have been preparing readers of this blog for the switch by constantly including a range trading chart in my posts.  You will notice if you check the new Stops and Targets summary tab that the S&T ranges are now nearly identical to mine and it provides the basis for the range trading envelopes for the strategies and for trending confirmation.

Although the algorithms have been completely rewritten, the biggest changes you will likely notice are in the way the primary trends are calculated and also the significantly more detailed countertrend trading setups. ¬†The old Stops and Targets was tuned for speed on detection of trend changes but that came at a price–and that was the whipsaws around those lines which could drive a trader crazy at times just before a trending move. ¬†The other thing was the way the algorithm handled countertrend trades where a signal line would sometimes disappear from the chart when it was invalidated intraday. ¬†We solved both problems by tuning for a jump on trend changes using¬†sophisticated¬†countertrend trading setups, which should greatly please short-term and very short term traders. ¬†ūüôā

Over the coming days, I’ll start to point out some things including a workflow pattern similar to what i did some time ago for the previous version.

Over the next week, we are going to be actively soliciting feedback on the new changes and will then lock the final production version in place and build the accompanying help files to support the new version.  So, please feel free to flood us with your comments and observations at: webmaster@stopsandtargets.com or to me at: swinger@stopsandtargets.com

I know it takes a bit to get used to something new… but I think you guys are going to really like the new changes and will see a huge improvement in strategy suggestions. ¬†The last few weeks have been a bit awkward on the site as it is a huge undertaking to change something as complex as Stops and Targets. ¬†We tried to gradually add in the new components to smooth the transition for those of you managing large portfolios. ¬†I have been told that to update the historical reference databases required nearly two billion¬†separate¬†calculated and stored variables! ¬†It is all finished now, so have fun with it.

There will be many changes in the ratings on individual stocks and the Signals Matrix will reflect the market composition and the new trade setups.

…my .02

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At a glance, we see that ES is fully bullish above 1327.75…

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The last detected event was a ST countertrend sell at 1357, targeting 1337. ¬†Current strategy is a hold (at current price it doesn’t make sense to initiate a new trade from a risk/reward standpoint).

All three timeframes are rangebound.  Nothing interesting happens from a trending standpoint until > 1357 or < 1302.50

I’ll start a series on workflow in coming posts this week. ¬†Looking forward to reading your comments…

-swinger

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