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Hi,
I need some help with backtesting a trading system I am considering
using:
I have a data feed for 15min GBPUSD data.
I class each day at starting at 14:00 and ending at 13:45 the next
day.
My buy point for the next day is the midpoint of the previous day:
(High from previous 14:00 to 13:45 today) + (Low from previous 14:00
to 13:45 today) / 2
My direction of trading is determined by my position to this buy
point. If the current price is below, I go long the next at the
midpoint. If the current price is above, I go short the next day at
the midpoint.
I only set one order per day.
I am scalping profits, so intend to set my limit sell 1-5 points
above my buy point (if going long), or 1-5 points below my buy point
(if going short).
The same with a stop loss: 1-5 points below buy point if long, etc
My questions are:
1. What is the code for this?
2. Is it possible to test different levels for limit sells for profit
(ie. 1 point above buy point, or 5 points above buy point if long,
etc)?
3. Is it also possible to test different levels for stop loss (eg: 1-
5 points below buy point if long, etc)
Thanks - alex
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