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Buy Trigger Trading System by Glenn Wallace

Buy Trigger Trading System

Enter Long:

{System Tester options are set to enter on the Close}
BuyTrigger:=(MOV(C,10,E) - MOV(C,30,E)) / MOV(C,30,E);
BuyTrigger > 0.05

Close Long:

BuyTrigger:=(MOV(C,10,E) - MOV(C,30,E)) / MOV(C,30,E);
BuyPrice:= If(PREV <= 0,
{Then did you go long today?}
If(BuyTrigger > 0.05, CLOSE, 0),
{Else did you exit today?}
If(Close >= PREV*(1+BuyTrigger), -PREV,
BuyPrice < 0


In this formula, BuyPrice is the close on the date BuyTrigger exceeds your threshold. If you are in a trade and have just received a sell signal, BuyPrice is redefined as a negative, and System Tester is told to close your long position. If you are not currently in a trade, BuyPrice is assigned a zero value and System Tester is told to watch for a new long entry.

from Glenn Wallace
Source / From: TOP

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