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Hello,
I am trying to test a trading system and I am running into a slight
problem. I am wanting to take yesterdays low + 0.25 * ref(atr(45),-1)
to come up with a buyprice.
If todays open is below the buyprice and todays high is above the
buyprice everything works as planned. However, if todays open is
above the buyprice instead of going long at the open (which is what I
want to do) I am going long at the low of the day, which is
impossible. Here is my code.
BuyPrice = 0.25 * Ref(ATR(45),-1) + Ref(L,-1);
Buy=IIf(Cond1 AND Cond2 AND O > BuyPrice, Open,IIf(cond1 AND cond2 AND
O < BuyPrice AND H > BuyPrice,BuyPrice,0));
What I am trying to get this to do is if today at the open is above
the buyprice I have set to enter long at the open, otherwise if
today's open is below the buyprice and today's high is above the
buyprice go long at the buyprice.
can someone take a look and help me out? Thanks
Eric
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