JFC Self Adaptive Indicator Signals

JFC Real Time Target Signals

Input Considerations

As with the use of all JFC indicators and signal combinations, it is vital that the inputs for the system and for the signal be set to the same value. Please refer to the manual section, ”Input Considerations”, for further details.

Additionally, with the JFC Real Time Target series of signals, there is an additional input issue which is vital to the successful use of this signal in combination with the various entry signals available in this package.

The JFC Real Time Target (RTT) signal series is a more complex formula than many of the entry routines and because of this increased complexity needs significantly more data behind it to perform its calculations accurately. In most cases, this indicator will not begin its calculations until after the entry signals have begun creating entries. This creates a problem when this exit routine is combined with many of the entry signals in this package. Frequently, entry signals appear on the first few days of the chart which are not exited by the RTT signal. These trades are either exited by the opposite signal generated by the entry routine or simply stay on the chart until the RTT signal has accumulated enough data to calculate a proper exit. In any case, these “rouge trades” still end up in the system report for the strategy, giving an incorrect picture for the actual performance of the system.

To correct for this problem, you will find in each entry signal an input, RTT_Delay, which is designed to deal with this problem. It is necessary for the user to set this input to the same value which is being used in the sens input for the RTT exit signal. Doing so will prevent the entry routine from generating entry signals prior to the point on the chart where Real Time Target signal has enough data to generate an accurate exit signal.

For example, let’s assume that we wish to use the Reversal Buy and Reversal Sell signals for the entry side of the system and the Real Time Target for our exit routine. Observation and testing has determined that we should use a sensitivity of 6 for the Reversal entries and settings of 80 and 5 for the exits from RTT. To generate accurate trades for this situation we would therefore need to set the RTT_Delay input on the Reversal signals to 5, which is the same value being used by the RTT sens input.

In the event that you are using any of the entry signals in various combinations that do not utilize the RTT exits you should leave the RTT_Delay input set to 0, which is the default. Setting the RTT_Delay to 0 will allow the entry routine to operate on its own parameters independently.

JFC RTT LX

Inputs:  Pct(80), sens(10);

This signal only issues exit signals from long trades generated by any entry routine.

Trades will be exited when the market rallies to the Hi Target Line.

Trades initiated above the Hi Target Line will not be exited by this routine.

This signal should be used when only long exits from this signal are desired in the system or when the settings for long exits from RTT are to be set independently from settings being used to exit short trades using RTT.

JFC RTT SX

Inputs:  Pct(80), sens(10);

This signal only issues exit signals from short trades generated by any entry routine.

Trades will be exited when the market drops to the Lo Target Line.

Trades initiated below the Lo Target Line will not be exited by this routine.

This signal should be used when only short exits from this signal are desired in the system or when the settings for short exits from RTT are to be set independently from settings being used to exit long trades using RTT.

JFC RTT L Stop

Inputs:  Pct(80), sens(10);

This signal issues stop loss signals for long trades which are generated above the Lo Target Line from any buy signal.

This signal should be used when you want to use the Lo Target Line as a stop loss point for any long trade. Use of this signal by itself allows the user to set the stop loss inputs for the signal independently from those used for other exit routines.

JFC RTT S Stop

Inputs:  Pct(80), sens(10);

This signal issues stop loss signals for short trades which are generated below the Hi Target Line from any sell signal.

This signal should be used when you want to use the Hi Target Line as a stop loss point for any short trade. Use of this signal by itself allows the user to set the stop loss inputs for the signal independently from those used for other exit routines.

JFC RTT Stops

Inputs:  Pct(80), sens(10);

This signal is a combination of the two above signals. It will issue stop loss signals for long trades which are generated above the Lo Target Line from any buy signal and issue stop loss signals for short trades which are generated below the Hi Target Line from any sell signal.

This signal is useful when the user wishes to use stop loss orders for both long and short trades using the RTT theory. The same input settings are used in this signal for both the long and short stop loss points set by the signal.

JFC RTT Exits

Inputs:  Pct(80), sens(10);

This signal combines all four uses of this routine into one signal: Profit targets for both long and short trades as well as stop loss points for long and short trades. The same parameters and conditions which are active in the above routines are also present in this signal.

This signal offers the user a simpler method for applying both targets and stops generated by the RTT method to a strategy. In this case all four exits will use the same input settings.