2012issue C127-8
Last-hour entries with a book-level loss bound and a next-open time stop
The archive records a late-session-entry routine that joined only after the day's direction had already been watched, judged risk on the whole book, and flattened every name 15 minutes after the next open. TradersWeek reads that path as one inspectable contract, not as a forecast.
- Late-session-entry waited until the day's direction had already been watched before any name was joined.
- Several positions were held together, and the book-level-loss-bound aborted at a loss no greater than 3 percent.
- The next-open-time-stop flattened every position 15 minutes after the next session open, and a favorable-move-exit of 2 percent or more was also treated as acceptable.
- The same uncoded rules were exercised in live trading for about one and a half to two years and were not presented as a coded historical backtest.
What the archive recorded
The late-session procedure selected entries only after the day's direction had already been watched. That late-session-entry is a continuation signal taken near the close only after the session's direction has already been observed.
Several positions were taken together so risk was judged on the whole book rather than on a single name. The stated book-level-loss-bound was a loss no greater than 3 percent, a maximum adverse move applied to the whole set of open positions rather than to each name.
Every open position was scheduled to be closed 15 minutes after the next session open, whether it had gained or lost. That next-open-time-stop is a mandatory flatten a fixed number of minutes after the following session opens, regardless of gain or loss.
A favorable move of 2 percent or more was treated as an acceptable exit in the trade's favor. That favorable-move-exit closes a position once a stated move in the trade's favor has printed.
The list, the pace, and the live check
The working list was limited to about 200 names treated as liquid and carrying individual futures. That liquidity-gate admitted only names liquid enough, and with listed individual futures, for the intended execution.
About three signals a day were taken from that list across roughly 500 sessions.
The rules were exercised in live trading for about one and a half to two years and were not presented as a coded historical backtest. That live-discretionary-check used the same entry, abort, and flatten rules in actual trading instead of a fully coded historical replay.
An editorial reading of the closed contract
Editorial reading: the inspectable unit is the full path from late-session-entry through the 3 percent book-level-loss-bound and the flatten 15 minutes after the next open. The 2 percent favorable-move-exit is an early close in the trade's favor inside that same path.
That reading is editorial. The archive itself records the live-discretionary-check, not a coded replay and not a claim about later markets.
All readings on this track · 15 readings
- 1989Preflight checklist, time-stops, and stand-aside rules
- 1991Parameter windows for averages, option overlays and time stops
- 1995Three setup gates and a session-count clock complete a long bottom
- 1995Evaluating index futures OHLC reversals with RSI and time stops
- 1995A weekly two-close breakout and an eight-week time stop
- 2000Constructing breakout entry rules and time stops
- 2004Constructing action-reaction swing targets and time stops
- 2005Constructing breakout entries with trailing and time stops
- 2006Evaluating a restrictive range entry with a timed exit
- 2008Evaluating point-and-figure column breaks with time stops
- 2011Intraday gold swing with a daily entry limit, a time-stop, and a fixed stop-loss
- 2012Last-hour entries with a book-level loss bound and a next-open time stop
- 2015Precommit stop-loss, trailing-stop, and time-stop rules before entry
- 2018Auditing rank-rotation tests for time-stop and slot rules
- 2019Confirmation-first pyramiding with price and time stops