Filter Point

Filter Point
The time at which a portfolio insurance program makes an adjusting trade.
Filter
A device or program that separates data, signal or information in accordance with specified criteria.

Filter Point: The time at which a portfolio insurance program makes an adjusting trade.
Fire: (verb) In expert system programming, ordinarily used to describe the "triggering" or "activation" of a rule.

I am calling a trade bad IF: (1) the trade does not have method components that setup-trigger the trade (2) the trade is done at a 'filter point' specifically established to eliminate a trade at that given time.

See also: Trader, Short, Loss, Floor, Pattern