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Hi,
You can try something along the lines of capturing the event in an
array. Capturing the price that was in effect at the time of the
event. Buy when Low is less or equal to 95% of the price at the time
of the event.
You could optionally restrict your entry to only those occurences
where the expected pullback happens within a predetermined time.
The code below assumes that you would be setting a limit order for
the entry, and thus can take the trade at the crossover price on the
bar that the crossover occured. Swap the Buy statements to see how it
behaves when pullback restricted to 10 bar lag.
Set the MA1 param value to 20 in your chart to match the code.
Mike
SetTradeDelays(0, 0, 0, 0);
Breakout = Cross(Close, MA(Close, 20));
Closing = ValueWhen(Breakout, Close);
Lag = BarsSince(Breakout);
Buy = Lag >= 1 AND Cross(0.95 * Closing, Low);
// Buy = Lag >= 1 AND Lag <= 10 AND Cross(0.95 * Closing, Low);
PlotShapes(IIF(Breakout, shapeSmallUpTriangle, null), colorYellow, 0,
Low, -20);
PlotShapes(IIF(Buy, shapeUpArrow, null), colorDarkGreen, 0, Low, -20);
for (bar = 0; bar < BarCount; bar++) {
if (Buy[bar]) {
PlotText("Lag: " + Lag[bar], bar, Low[bar],
colorDarkGreen);
}
}
_SECTION_BEGIN("Price");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %
g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue(
ROC( C, 1 ) ) ));
Plot( C, "Close", ParamColor("Color", colorBlack ), styleNoTitle |
ParamStyle("Style") | GetPriceStyle() );
_SECTION_END();
_SECTION_BEGIN("MA1");
P = ParamField("Price field",-1);
Periods = Param("Periods", 15, 2, 200, 1, 10 );
Plot( MA( P, Periods ), _DEFAULT_NAME(), ParamColor( "Color",
colorCycle ), ParamStyle("Style") );
_SECTION_END();
--- In amibroker@xxxxxxxxxxxxxxx, "droskill" <droskill@xxx> wrote:
>
> Let's say I'm trading a breakout - but I don't want to take the
> breakout immediate but wait for a pullback to enter - how would I
> "store" that such an event has happened. So, say I have a stock
cross
> over the 20d MA - I don't want to enter now - I want to enter when
> their is a 5% pullback. Can anybody give me some guidance as to how
> to code something like this up?
>
> Thanks!
>
------------------------------------
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