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Al:
To simplify your formula, it would look like
enter when:
(0pen + x) < yesterday's close and
(open + y) > yesterday's close
In your example, it looks like y = half of x, so you
satisfy the above conditions.
Perhaps something like this would work:
(0pen + x) < yesterday's close and
High > ( y + yesterday's close)
If you are are trading intraday, the range < ATR(10) is a problem, since
you won't know the range when the price hits your entry target. If
entering orders after the close, this would be OK.
What securities do you use this with, and how do you exit?
..Mark
At 01:27 PM 8/26/98 -0500, you wrote:
>I do need some formula help. I have a method that I have been trading with
>some success, and, like all traders, I want to adjust (tinker) with it to
>test the parameters.
>
>I want to enter long when the open is "n" below the previous day's close
>and then trades "n" above the previous day's close. If today's H+L is
>equal to or greater than the 10 day ATR, then no entry.
>The profit target will be 10 da ATR-(L+previous day's close). The exit
>will be the profit target or MOC.
>
>I can and have traded this visually, but I need to test the method for
>greater confidence and so that I can establish stop values, i.e. save my
>southernmost extremity. Again, I have ver 5.11, so I do not have the
>"prev" function. What I have done, does not return a trade result:
>ENTER LONG
>When(O+(Mov(ATR(10),1,S )*.250 ) < Ref(C,-1) AND
>O+(Mov(ATR(10),1,S ) *.125)>Ref(C,-1))
>
>Where have I gone wrong?
>
>Al Taglavore
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