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Reversing Line


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gecko's Avatar
 gecko 
new orleans,la/usa
 
Experience: Intermediate
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Hello All

Does anyone know where I can find a strategy that draws a Buy/Sell line on the chart and Reverses the trade every time price crosses that line? I would like to be able to manually move the line up and down the chart as price moves. I do not need a Stop Loss or Take Profit. The Strategy will always be either Long or Short until all positions are liquidated. I would also like to able to specify what time the strategy should start and stop. Thanks for your help.


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 Big Mike 
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gecko View Post
Hello All

Does anyone know where I can find a strategy that draws a Buy/Sell line on the chart and Reverses the trade every time price crosses that line? I would like to be able to manually move the line up and down the chart as price moves. I do not need a Stop Loss or Take Profit. The Strategy will always be either Long or Short until all positions are liquidated. I would also like to able to specify what time the strategy should start and stop. Thanks for your help.

Perhaps this:



Mike




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  #4 (permalink)
 
gecko's Avatar
 gecko 
new orleans,la/usa
 
Experience: Intermediate
Platform: Ninja Trader
Trading: es
Posts: 5 since Sep 2012
Thanks Given: 2
Thanks Received: 1

Thanks Mike. This strategy seems to enter and exit a trade. I need one that enters the trade and then reverses the trade if the line gets crossed again. I realize this concept will produce a lot of whipsaws as price moves back and forth across my Buy/Sell line, but eventually price moves away and takes me with it. I want to run this in a demo account to see how it pans out.


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Last Updated on February 1, 2013


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