Hoop Master 2: Equity-Conditioned Martingale Pending Orders

Summary

Hoop Master 2 is described as an evolution of an earlier automated trading system that uses pending buy-stop and sell-stop orders with a Martingale approach. The update adds more formal controls over open positions and pending orders. Its central change is that pending-order volume increases only when account equity is below the preceding high-water mark. This makes the sizing change conditional on equity having fallen from its prior peak.

The document states the system’s broad mechanics but gives no entry distances, volume schedule, exit rules, risk limits, backtest, or live-performance evidence. The equity condition does not by itself establish how losses are bounded or how the system behaves during extended drawdowns. As a result, the description is useful for identifying the strategy structure, but insufficient to assess its expected returns or risk. The implementation and its complete order-management rules would need review before drawing conclusions about its behavior.

Key ideas

• The system places pending buy-stop and sell-stop orders.
• It uses a Martingale-style approach to order volume.
• The updated rule increases pending-order volume only when equity is below its previous high.
• The description mentions more formal management of positions and pending orders.
• No detailed sizing schedule, risk limits, or performance results are provided.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.