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% Rise/Decline Strategy
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% Rise/Decline Strategy

  #1 (permalink)
Elite Member
sydney, Australia
 
Futures Experience: Intermediate
Platform: Tradestation
Favorite Futures: oil
 
Posts: 6 since May 2012
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% Rise/Decline Strategy

Im trying to construct a % Decline type strategy which is successful in equities to move into FX.

The premace is based on riding momentum. For instance if an equity declines 20% it is more likely to continue that trend direction than turning the opposite way.

I know that TS has a "show me" type bar alert which shows a previous swing high or low (on the 1HR chart for a FX Pair a setting of 12,12 is quite effective at picking the good swings). Alternatively PRT has a zig-zag function (i dont know if TS has this i am merely thinking out loud here as to an alternative if the TS Show me alert cannot work).

is there anyone able to assist with the E-Language coding for this type of strategy.

Strategy details:

Enter position based on a % move away from a zig zag top or TS previous swing high/low (TS type indication on price). The % move could be based on for instance 0.2% X Average True Range away from the ZIG Zag Position/Swing. A stop can be placed above the previous swing high or swing low (depending on trend direction). Once a new swing has been made the stop will then move down to just above/below swing).

Attached Thumbnails
% Rise/Decline Strategy-zig-zag-eurjpy.jpg  

Last edited by jimmy1000; May 10th, 2012 at 12:45 AM.
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  #2 (permalink)
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  #3 (permalink)
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Instead of % of ATR - a % of Average Swing Length /Average distance between zig zag top and bottom?

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  #4 (permalink)
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  #5 (permalink)
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Hey Big-Mike

i pretty much require:
-Easy-Language coding assistance;
-others to brainstorm on this process to improve its effectiveness.

the strategy is to:
1)wait for a zig zag bottom (if long position).
2) enter long position if price moves:
a) 20% of ATR away from the zig zag bottom
or b) greater than 20% of the average distance from zig zag tops to bottoms (of the previous 20 periods for instance)
3) sell at 75% completion of a or b

the opposite holds true for shorting. even if its not zig zag tops and bottoms it could be pivot highs and lows for instance.
any ideas would be greatly appreciated.

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