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Craig ,
Good stuff, that works . WPI looks like it could be profitable with
fractals. Bill Williams recommends buying/selling on stop one tick
above/below the fractal. So identify the fractal before the break and place
a buy stop in the morning . You can write system tests with profit, trailing
and inactivity stops. By entering the position on the day of the break, you
can use trade no delay,high,or close in your tests.He uses the fractal only
as an initial entry level. He uses 3 moving averages to define the trend and
filter the trade, and to assess the amount of time the security has been
consolidating.
Attached chart of the S&P,. I can't get the buy signal on the 20/10
to show.(seems to happen if fractal forms on that day?)If you want the
formulas for the chart and too try to get the signals for his other
indicators ,into metastock formulas , post to list.
Thanks for your help.
Murray
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