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My reference to "sausage making" applies to PCI!

Comment after a few brewski's : Once you understand how the sausage is made, your appetite may shift elsewhere. Consider PIMCO's PCI closed-end fund. Yield about 10% and chart seems appetizing.

My 0.000005 cents Beware of any advice that "appears" to solve your "worries". There are no easy answers. What you desire seems achievable, but you should carefully weigh the possible short cummings of any plan. -- Is diversifying as you mention superior to a long SPY position? (Not...

I think it depends on the individual traders' likes/dislikes. (what they are comfortable with). For example, using a long Call, can greatly simply some aspects such as risk management and taking profits. Each roll up of the strikes, takes money off the table, and has qualities similar to a...

Thinking out loud! You may consider a "parallel" version of your successful strategy, by sizing the size of a .60->.70 Delta long call with > 120 DTE as a test. The notion is to roll your position back down to a .70 delta, if/when it exceeds .86 Delta. Never hold if DTE is less than 20. It is...

yalls opinion on selling OTM calls on UVXY? <-- High Risk! Your cousin Bubba has been drinking excessively (as usual), but is behind the wheel (again)! -- You may survive this trip, but odds are stacking against you. Or stated more nicely: It works until it doesn't! I don't yet follow your...

Nary a one! Best advice, is to collect opinions from at least 7, then trade opposite the majority opinions! Pardon my negative bias, but working on Taxes, and needed to vent!

Ah! There is insufficient information provided to understand what the original provider of that data had done prior to that point in time, and what his goals were. I would be guessing without more information.

Can you clarify what it is you wish to do/know? This picture is from an OptionVue position which has been altered by previous trades that are not shown. (Note there is NO risk shown! Profits were previously made!) This position picture is of an IC with a Call Ratio Backspread above the market.

Initially, it was unclear, how your signals were being generated. From your example the signal occurs at the CLOSE. This is SAFE, as it is a known point in time, so using any data from that BAR was fine (as it would be present or past). -- The concern (references to Cheating) would only come...

It is impossible to place an order to "enter trade at Low of next bar"! You will be unaware of what the LOW is until CLOSE. It is cheating, to "time travel to the future, to pick a price which you then know will occur in the future"! -- You may use data from the past, but never from the...

I do not use NinjaTrader, however, my interpretation will be as follows for your example: You will fill at 53.52! Since @ open (on the subsequent BAR), an order was present for Limit buy of 53.52 or better. Once price touches, (should occur prior to the LOW), you would be filled. This is...

Your statement: "The strategy gives long signal on the current bar in the example at bar close." I think I read this as the signal occurs @ Close! If you are unable to use a signal that occurs prior to Close, then your trade would NOT fill on that BAR, but may fill on the next BAR. For some...

For back-testing, you begin at some point in time, and "model" moving the time-line forward monotonically. The information at your disposal consists of BARs of (OHLC). The OHLC is meant to characterize price action on the referenced bar. Of this data, two values (O__C) have a "time"...

When you state: "current bar gives a long signal" <-- If input to this is at a known time (open or close), then you can more easily determine a logical progression. If the input is at neither of these, then you may need to do a bit more thinking to see if you can work out something useful...

Please clarify why you believe OHLC data per bar is not adequate! What would you prefer, and why? -- I don't yet understand the issue!

Place the stop at the value which maximizes your profitability while adhering to your risk tolerance. -- Another way of stating, I agree with lindq above.

IMHO, this will be a personal decision. I knew one person who only traded leveraged ETFs. I, personally prefer(ed) to use options to obtain leverage and cap my risk. (long options to limit max loss to cost of option)

Larry_G: I'm not following what you want! If you already know how to place the limit order for your trade, you have access to the BID/ASK of each leg of the spread as well as the Mid and Natural of the Spread! What more do you seek? -- For very liquid instruments (Near the money SPY for...

Sell the vertical with a limit order. Post your broker/trading tool and someone may respond with an example order.