PureBytes Links
Trading Reference Links
|
Hi afl experts,
Can some kind person give me a code to match the following conditions please
THANKS IN ADVANCE
6 RULES
Trading based on 30 minute bars
1) The first 30-minute bar opens and closes. Obviously, a high and low are established in that 30-minute bar.
2) The second 30-minute bar opens and makes a new high at least 0.50 points higher than the first 30-minute bar's high, and it doesn't make a new low. Now we have a chance of one-time framing up, but it's not for sure yet.
3) If the third 30-minute bar opens and the low does not get more than 1.00 point below the previous 30-minute bar's low, then we know we are one-time framing up, and I would look to get long as close to where the market will stop one-time framing up. (In other words, I will try to get long as close to the low of the previous 30-minute bar. See important definition below.) You'll want your sell stop more than 1.00 point below the previous 30-minute bar's low. Important: This bar does not have to make a new high to be one-time framing up!
4) The fourth 30-minute bar opens, and the low of this bar does not get more than 1.00 point below the previous 30-minute bar's low. The market is continuing to one-time frame up and the uptrend is continuing. And now I can move my sell stop up to 1.00 point below the low of the previous 30-minute bar to protect my profits. Important: This bar does not have to make a new high to be one-time framing up!
5) The fifth 30-minute bar opens, and the low of this bar does not get more than 1.00 point below the previous 30-minute bar's low. The market is continuing to one-time frame up, and the uptrend is continuing. And now I can move my sell stop up to 1.00 point below the low of the previous 30-minute bar to protect my profits.
6) The sixth 30-minute bar opens and finally gets more than 1.00 point below the previous 30-minute bar's low. The market has now stopped one-time framing up, and the uptrend is most likely over.
Important Definition
Stop One-Time Framing Up: when the market gets more than 1.00 points below the previous 30-minute bar's low. There is now a good chance the uptrend is over, and the market will become a two-way market. That does not mean you should immediately get short! It means that the market may begin to trade back and forth.
------------------------------------
**** IMPORTANT PLEASE READ ****
This group is for the discussion between users only.
This is *NOT* technical support channel.
TO GET TECHNICAL SUPPORT send an e-mail directly to
SUPPORT {at} amibroker.com
TO SUBMIT SUGGESTIONS please use FEEDBACK CENTER at
http://www.amibroker.com/feedback/
(submissions sent via other channels won't be considered)
For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
http://www.amibroker.com/devlog/
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/amibroker/
<*> Your email settings:
Individual Email | Traditional
<*> To change settings online go to:
http://groups.yahoo.com/group/amibroker/join
(Yahoo! ID required)
<*> To change settings via email:
mailto:amibroker-digest@xxxxxxxxxxxxxxx
mailto:amibroker-fullfeatured@xxxxxxxxxxxxxxx
<*> To unsubscribe from this group, send an email to:
amibroker-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|