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I would really appreciate some suggestions or ideas.
My system is very simple, one long MA, one short MA. Buy retracements
below the short MA in an uptrend (shortMA>longMA), opposite for a
downtrend.
I have a loop for entering and exiting the position - see below.
My question is - How can I enter only the first retracement to the
short MA and ignore the rest of the waves in a trend? As is, I get
few entries (and exits).
Thank you,
Chris
for (i = 1; i < BarCount; i++)
{
if (EntryLongSignal[i-1])
{
Buy[i] = 1;
BuyPrice[i] = O[i];
for (j = i; j < BarCount; j++)
{
if (j > i)
Buy[j] = 0;
// Calc stop
if (j == i)
StopLong = BuyPrice[i] - StopLoss;
else if (L[j] <= StopLong) //
Check stop
{
Sell[j] = 1;
SellPrice[j] = StopLong;
StopLong = Null;
i = j;
break;
}
else if (H[j] >= BuyPrice[i] +
TakeProfit) // Check take profit
{
Sell[j] = 1;
SellPrice[j] = BuyPrice[i] +
TakeProfit;
StopLong = Null;
i = j;
break;
}
else if (j
== BarCount - 1)
{
StopLong = Null;
i = j;
break;
}
}
}
}
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