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BTurner838@xxxxxxx wrote:
>
> Is there a way to make the systems test enter long on a trade only if the
> entrance day trades X amount above the signal day? I am working on a swing
> trade system and I need this filter to eliminate trades that would not be
> taken.
>
> Thanks in advance......Blake
Blake,
Something like the following should work. Lets call this Blakes Function
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
TimeLimit:=5;
Trigger:=If(Condition,1,0);
TriggerLevel:ValueWhen(1,Trigger=1,CLOSE);
Enter:=If(BarsSince(Trigger)<=T AND HIGH >TriggerLevel+X,1,0);
Enter;
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
TimeLimit is some number of bars that may pass by before the initial
trigger signal ceases to be valid.
Trigger is a binary function. It will have a value of 1 whenever your
condition is TRUE. When FALSE, Trigger will have a value of 0.
TriggerLevel is the target price that is used to determine entry. In
this case I have used the CLOSE. This price could be any valid numeric
function.
Enter is also a binary function. Enter is true when the most recent
Trigger is within the allowed time limit and the HIGH of some bar
exceeds the TriggerLevel plus your X amount.
I hope this helps.
Regards,
Tim
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