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simple stratgy

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  #1 (permalink)
 musuk 
uk, london
 
Experience: Beginner
Platform: Multicharts
Trading: forex
Posts: 27 since Sep 2011
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Thanks Received: 2

hi every one

i want to build a signal that it buy when the current bar start counting the numbers of previose bars and if it higher then it will buy and same when it sale to close.
i think its easey but i have no idea how to do it.

thanks

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  #3 (permalink)
 vegasfoster 
las vegas
 
Experience: Intermediate
Platform: Sierra Chart
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Are you saying that if you define your entry criteria as 8, then if the last 8 bars are up bars then it will buy at the open of the ninth bar? To let you know, I have analyzed the crap out of bar data and can tell you that over time there is a 50% chance that the next bar will be an up bar and a 50% chance it will be a down bar, regardless of how many of the previous bars were consecutively up or down, i.e. the probabilities are always the same as flipping a coin. To account for the overall change in price, there is a very small differential in the percentages and/or average size of the bars, but nothing that can be readily exploited after consideration of slippage and commissions.

That said, you can create this easily using the strategy wizard, just add a condition that Close > Open 1 bar ago, then add another condition for 2 bars ago, etc.

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  #4 (permalink)
 musuk 
uk, london
 
Experience: Beginner
Platform: Multicharts
Trading: forex
Posts: 27 since Sep 2011
Thanks Given: 6
Thanks Received: 2

thanks for ur reply

i know that its 50% win or loose but i just want to create an aidea in my head so if any one can just write it for me or just give some notes that will be nice

thanks

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  #5 (permalink)
 
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 cory 
virginia
the coin hunter
 
Experience: Intermediate
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musuk View Post
thanks for ur reply

i know that its 50% win or loose but i just want to create an aidea in my head so if any one can just write it for me or just give some notes that will be nice

thanks

check this out

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  #6 (permalink)
 kzaorski 
Warsaw, Poland
 
Experience: Beginner
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Broker: IB, IQFeed
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musuk View Post
hi every one

i want to build a signal that it buy when the current bar start counting the numbers of previose bars and if it higher then it will buy and same when it sale to close.
i think its easey but i have no idea how to do it.

thanks

Maybe try this:

 
Code
inputs: TP$(100), SL$(100), _BackBars(5);
variable: quantity(1), nBars(0);

For nBars = 0 to _BackBars begin
	if H[nBars] > H[nBars + 1] then begin
		condition1 = true;
	end	
	else begin
		condition1 = false;
	break;
	end;
end;
For nBars = 0 to _BackBars begin
	if H[nBars] < H[nBars + 1] then begin
		condition2 = true;
	end	
	else begin
		condition2 = false;
	break;
	end;
end;

if condition1 then begin
	Buy quantity contracts Next Bar At market;
end;

if condition2 then begin
	SellShort quantity contracts Next Bar At market;
end;		

setstopposition;
setprofittarget(TP$);
setstoploss(SL$);

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  #7 (permalink)
 musuk 
uk, london
 
Experience: Beginner
Platform: Multicharts
Trading: forex
Posts: 27 since Sep 2011
Thanks Given: 6
Thanks Received: 2

thanks for ur reply i will try this.

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Last Updated on January 1, 2012


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