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I am trying to code a pyramiding trading system to Buy on a MA Crossover, and Buy more each time the price rises by 5%. For example if the MA crossover occurred at 100, the system would continue to buy at 105, 110, 115, 120, 125, etc.
Here is my code thus far. It looks like it is buying and selling on the same day, but not pyramiding as I explained (or tried to) above.
Thanks in advance.
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PositionSize = -5;
FastMALength = 50;
SlowMALength = 200;
FastMA = MA(Close, FastMALength);
SlowMA = MA(Close, SlowMALength);
Vol = MA(Volume, 100);
Buy = Cross(FastMA, SlowMA);
Sell = Cross(SlowMA, FastMA);
Buy = Buy + sigScaleIn;
BuyInc = 5;
NextBuy = 0;
for ( i = 0; i < BarCount; i++ )
{
if( NextBuy > 0 && Close[ i ] > NextBuy[ i ])
{
Buy[ i ] = sigScaleIn;
}
if(Close[ i ] > BuyPrice[ i ])
{
counter = int((Close[ i ] - BuyPrice[ i ]) / BuyInc) + 1;
NextBuy = ( (BuyInc / 100) * counter[ i ]) * BuyPrice[ i ];
}
}
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