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Please comment and backtest on your own data .
/*bow tie ver2.0 from Dave Landry
By David Holzgrefe
12.05.2001*/
setup = low< Ref(low,-1);
buysignal = high> ref(high,-1);
/* Bow Tie conditions - Short term moving average has crossed the long termmoving average sometime in the last xn days - Add more conditions for moredays */
cond1=cross (ma(close, 10 ),ema (close, 30));
cond2=ref(cross (ma(close, 10 ),ema (close, 30)),-1)>0;
cond3=ref(cross (ma(close, 10 ),ema (close, 30)),-2)>0;
cond4=ref(cross (ma(close, 10 ),ema (close, 30)),-3)>0;
cond5=ref(cross (ma(close, 10 ),ema (close, 30)),-4)>0;
cond6=ref(cross (ma(close, 10 ),ema (close, 30)),-5)>0;
cond7=ref(cross (ma(close, 10 ),ema (close, 30)),-6)>0;
cond8=ref(cross (ma(close, 10 ),ema (close, 30)),-7)>0;
cond9=ref(cross (ma(close, 10 ),ema (close, 30)),-8)>0;
cond10=ref(cross (ma(close, 10 ),ema (close, 30)),-9)>0;
condtrue=cond1 or cond2 or cond3 or cond4 or cond5 or cond6 and cond7 andcond8 and cond9;
/* Moving averages must be in the correct order at the buy signal */
condorder = ma(close,10) > ema(close,20) AND ema(close,20) >ema(close,30);
/* a lower low than yesterdays low. The pull back*/
lowref= (L<Ref(L,-1) OR Ref(L,-1)<Ref(L,-2)) and
L > EMA(C,20);
buy= condtrue and condorder and lowref and setup and buysignal; //you canremove the buysignal and watch for the price breackout above the pull backif you have live data
/*sell = c<ma(close,20);*/
sell= close < sar();
/* NOTES
The Bow Tie is used to catch a change in trend from down to up; the
> trend is defined from using three moving averages.
>
> 10-day simple moving average
>
> 20-Day exponential moving average
>
> 30-Day exponential moving average
>
> The proper order for a down trend is; 30-Day ema > 20-Day ema > 10-
> Day sma
>
> The proper order for an up trend is; 10-Day sma > 20-Day ema > 30-
Day
> ema
>
> The name for the set up comes from the pattern made from the moving
> averages converging and spreading out again as the trend is
changing.
>
> The rules for the Bow Tie are as follows,
>
> 1. The moving averages must go from the correct down trend order to
> the correct up trend order crossing together making an appearance
of
> a bow tie.
>
> 2. We wait for a correction e.g. a lower low than yesterdays low.
>
> 3. Then we buy the next higher high than the day before. If you are
> not filled keep moving the order down as if trading a pullback
> (The pattern remains valid until the market trades below the 20-Day
> ema).
>
> 4. Place a stop at the lowest bar in the set up.
*/
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<DIV><FONT face=Arial size=2>Hi all here's my latest ver of the bow
tie</FONT></DIV>
<DIV><FONT face=Arial size=2>thank Geoff on the tip to multi
conditions</FONT></DIV>
<DIV><FONT face=Arial size=2>Steve W will have a play with you ref idea
next..</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>Please comment and backtest on your own data
.</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>/*bow tie ver2.0 from Dave Landry<BR>By
David Holzgrefe<BR>12.05.2001*/</FONT></DIV>
<DIV> </DIV><FONT face=Arial size=2>
<DIV><BR>setup = low< Ref(low,-1);<BR>buysignal = high>
ref(high,-1);</DIV>
<DIV> </DIV>
<DIV>/* Bow Tie conditions - Short term moving average has crossed the longterm
moving average sometime in the last xn days - Add more conditions for more days
*/ </DIV>
<DIV> </DIV>
<DIV>cond1=cross (ma(close, 10 ),ema (close, 30));<BR>cond2=ref(cross (ma(close,
10 ),ema (close, 30)),-1)>0;<BR>cond3=ref(cross (ma(close, 10 ),ema (close,
30)),-2)>0;<BR>cond4=ref(cross (ma(close, 10 ),ema (close,
30)),-3)>0;<BR>cond5=ref(cross (ma(close, 10 ),ema (close,
30)),-4)>0;<BR>cond6=ref(cross (ma(close, 10 ),ema (close,
30)),-5)>0;<BR>cond7=ref(cross (ma(close, 10 ),ema (close,
30)),-6)>0;<BR>cond8=ref(cross (ma(close, 10 ),ema (close,
30)),-7)>0;<BR>cond9=ref(cross (ma(close, 10 ),ema (close,
30)),-8)>0;<BR>cond10=ref(cross (ma(close, 10 ),ema (close,
30)),-9)>0;</DIV>
<DIV> </DIV>
<DIV>condtrue=cond1 or cond2 or cond3 or cond4 or cond5 or cond6 and cond7 and
cond8 and cond9;</DIV>
<DIV> </DIV>
<DIV> /* Moving averages must be in the correct order at the buy signal
*/<BR> <BR>condorder = ma(close,10) > ema(close,20) AND ema(close,20)
>ema(close,30); </DIV>
<DIV> </DIV>
<DIV>/* a lower low than yesterdays low. The pull back*/</DIV>
<DIV> </DIV>
<DIV>lowref= (L<Ref(L,-1) OR Ref(L,-1)<Ref(L,-2)) and<BR>L >
EMA(C,20);</DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV><BR>buy= condtrue and condorder and lowref and setup and buysignal; //you
can remove the buysignal and watch for the price breackout above the pull back
if you have live data</DIV>
<DIV> </DIV>
<DIV><BR>/*sell = c<ma(close,20);*/<BR>sell= close < sar();</DIV>
<DIV> </DIV>
<DIV>/* NOTES<BR>The Bow Tie is used to catch a change in trend from down to up;
the <BR>> trend is defined from using three moving averages.<BR>> <BR>>
10-day simple moving average<BR>> <BR>> 20-Day exponential moving
average<BR>> <BR>> 30-Day exponential moving average<BR>> <BR>>The
proper order for a down trend is; 30-Day ema > 20-Day ema > 10-<BR>>
Day sma<BR>> <BR>> The proper order for an up trend is; 10-Day sma >
20-Day ema > 30-<BR>Day <BR>> ema<BR>> <BR>> The name for the set up
comes from the pattern made from the moving <BR>> averages converging and
spreading out again as the trend is <BR>changing.<BR>> <BR>> The rules for
the Bow Tie are as follows,<BR>> <BR>> 1. The moving averages must gofrom
the correct down trend order to <BR>> the correct up trend order crossing
together making an appearance <BR>of <BR>> a bow tie.<BR>> <BR>> 2. We
wait for a correction e.g. a lower low than yesterdays low.<BR>> <BR>> 3.
Then we buy the next higher high than the day before. If you are <BR>> not
filled keep moving the order down as if trading a pullback <BR>> (The pattern
remains valid until the market trades below the 20-Day <BR>> ema).<BR>>
<BR>> 4. Place a stop at the lowest bar in the set up.</DIV>
<DIV> </DIV>
<DIV>*/<BR></FONT></DIV></BODY></HTML>
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