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  • I'm sorry for the confusion on my SLV comments. I am trading SLV in different system. My comments were intended to tell you what I think that I am learning about alerts. I'm sorry for not clarifying. So far, I do not believe that the hourly alerts are what we thought before. However, I do try to use hourly charts for intraday stops my primary trade plan. For example, if I get a bullish signal, I'll try to wait until the hour has completed before buying and then place my stop just below that hour's candle.
  • OM gosh, I think that I have led you down the wrong path again with my comments on the MOC orders. I am sorry again for not being clear. I use IB as my broker and the MOC orders with them execute very well and are not a part of my SC scans or my SC signals. All of my signals come from SC scans and then I use IB to place orders or trades. I was trying to say that in my efforts to resolve my false signal issue, I may give up trying to run scans, enter and execute orders right at the close or just after the close. I find it very difficult. I may just buy or sell everything in the last 30 minutes or even the last 15 minutes if I have a signal at that time. If it unfolds by the close, I'll just sell it at the open the next day and take whatever it gives me, usually a loss. That's one idea that I have for trying to implement my primary trade plan, the one with so many false signals.
  • My stop plan for my primary trade plan is just below the hourly candle where the signal occurs. If I am still in the trade at the close, I move the stop down to the low of the previous day's candle or about .20 cents below the entry day's candle, whichever one is higher. If I am still in it after the first day, I move it up to about a nickel below the entry day low and I don't move it from there until price has risen significantly. That sounds crazy but it keeps me in quite a few trades that I may have been stopped out of otherwise. I could simplify the stop by placing it just below the previous swing low but te crazy way that I am doing it now saves me a little money when I'm wroinig.
  • Alert Timing
    You can choose from four different schedules for your alert:

    Continuously All Day - alert runs continuously throughout the day. This is the default option.
    At Market Open - alert runs immediately after the first price update of the day.
    Hourly (10 AM to 4 PM) - alert runs the first time alerts are processed during each hour, from 10 AM - 4 PM Eastern. Note that, depending on the timing of the alert scans, this could be anywhere from the top of the hour to approximately 5 minutes after the hour.
    At Market Close - alert runs immediately after the market has closed.
    A final run occurs at approximately 7-8 PM Eastern time. See our Alert Processing documentation for more details.
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