[amibroker] Can somebody test this simple system and post results ?

["Dickie Paria" <babui@xxxxxxxxx>]

This is a slight modification to a simple system from an article in 
April 2005 'Active Trader' mag (article by Xavier Raj).  It looks 
for 'extreme' price bars i.e., it goes long the next day if price 
today opens at the bottom 10% of the price bar and closes at the top 
10% of the bar.  The trade stays in the market for 24 hrs i.e., it 
sells on the open of the following day.  Going short is the exact 
opposite.
Can somebody test it for me on the NDX100 stocks or, perhaps, Dow30 ?
[I don't carry alot of stocks on my flash drive]  Thanks

Range = (H-L);

//Open is in the lowest 10% of the price bar and Close 
// is in the highest 10% of the price bar
PriceUp = Close > (High - (Range/10)) AND Open < (Low + (Range/10));

//Open is in the highest 10% of the price bar and 
// Close is in lowest 10% of the price bar
PriceDown = Close < (Low + (Range/10)) AND Open > (High -(Range/10));

//Trade on BuyPrice and ShortPrice with one bar delay
SetTradeDelays (1,1,1,1);

BuyPrice = ShortPrice = CoverPrice = SellPrice = Open;

Buy = IIf (PriceUp, BuyPrice, 0);
Sell = 0;

Short = IIf (PriceDown, ShortPrice, 0);
Cover = 0;

ApplyStop (stopTypeNBar, 1, 1,0);




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