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I have been trying to trade the following Script.
It doesn't give me daily buy sell signals when I use
the scan function with n last quotes = 1. If I use the
SetTradeDelays(0,0,0,0); BuyPrice = Close; line it will
give me signals which I could use to buy the following
open. But I have found that when I download from QP the next
day the signal on those stock seems to disappear. There must
be a reason that the scan signals are not working properly.
So WHAT is wrong with my program.
THANKS Ernie
/*
UNCHECK Everything
PROFIT TARGET = No Target Use TRAILING STOP
USE N-BAR STOP = 7 Day EXIT
*/
UB = BBandTop(C,15,2);
LB = BBandBot(C,15,2);
BandPos = (Avg - LB) * 100 /(UB - LB);
CondA = Ref(L,-2) > Ref(L,-1)
AND L > Ref(L,-1)
AND Ref(UB,-1) < UB
AND BandPos < 30;
CondB = MA(C,5) < MA(C,35);
CondC = ((LB - Ref(LB,-1)) / Ref(LB,-1)) * 100 > .8;
PosQty = 1;
SetOption("MaxOpenPositions", PosQty);
PositionSize = -100/PosQty;
PositionScore = RelStrength( "!SPX" );
SetTradeDelays(1,1,1,1); BuyPrice = Open;
//SetTradeDelays(0,0,0,0); BuyPrice = Close;
Buy = CondA AND CondB // AND CondC
AND MA(Volume,50) > 100000;
SellPrice = Open;
Sell = 0;
ApplyStop( 2, 2, 2 * ATR(14), 2,True);
ApplyStop( stopTypeNBar, stopModeBars,7, True );
Equity(1,0); // THIS EVALUATES STOPS
Content-Description: "AVG certification"
No virus found in this incoming message.
Checked by AVG Free Edition.
Version: 7.5.432 / Virus Database: 268.16.14/637 - Release Date: 1/18/2007 1:03 PM
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