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As others have commented using a binary indicator
and referencing it in a formula is a good way
to build/design a system.
ie.
tr:=Fml("system breakoutLS")=1;
I am wondering what approach others like to use when
building a system where more than one set of binary
switches
are used.
1. If the system is purely LONG, then one set of
switches works to enter/exit as in 1 or 0 for:
Fml("system breakoutL").
2. If the system is purly SHORT, then one set of
switches works to enter/exit as in 1 or 0 for:
Fml("system breakoutS").
3. If you want to combine the LONG and SHORT systems
into one indicator, this becomes an issue.
A.enterlong/exitlong, B.entershort/exitshort,
C.neither.
Fml("system breakoutLS")
BuyLong=2
SellLong=1
do nothing=0
CoverShort=-1
SellShort=-2
4. I suppose whatever standards a system developer
decides on will work.
The approach I am using is to create "helper"
Indicators that are TRUE/FALSE to
be used by the actual "System" Indicators.
Does the:
{
BuyLong=2
SellLong=1
do nothing=0
CoverShort=-1
SellShort=-2
} seem reasonable? Any alternatives for long and short
systems?
Thanks,
Chris
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