Help on one day reversal strategy coding.

June 29th, 2016, 05:54 PM

Hi all,

I am try to code this simple reversal strategy:

If previous day open < close (an up bar), then sellshort the next bar.
Stop is previous bar's high (the up bar) plus say 25% of range.

Code

inputs:
	StopLoss ((high[1]-low[1])*.25);
	
if open < close then
	sellshort next bar at open;


SetStopShare;

SetStopLoss (StopLoss+(high[1]-open));

setexitonclose;

It tries to use the values from 2 bar back it seems.

ABCTG · July 20th, 2016, 09:28 AM

Dallasboy

It tries to use the values from 2 bar back it seems.

Dallasboy,

for what does it seem to use the values from two bars back?
The entries seem exactly where you'd expect them i.e. the next bar after a bar that had an open lower then the close.

For the stop amount this might be caused by your code not using intrabar order generation, which means values are updated at the end of the bar only.

Regards,

ABCTG

Help on one day reversal strategy coding.

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Help on one day reversal strategy coding.