Reversing Line

January 31st, 2013, 03:51 PM

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.

January 31st, 2013, 07:25 PM

gecko

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:

Trendline Trader for NT

This is an experimental indicator that can enter and exit live positions. Use entirely at your own risk and with extreme caution! You have been warned, so don't blame me! I will not accept liability for anything!

This indicator can enter a position …

Mike

February 1st, 2013, 11:10 AM

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.

Reversing Line

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Reversing Line