Re: [EquisMetaStock Group] 5 DMA-Close & 6 DMA-Open Crossover

["Athena Research" <athena.investments@xxxxxxxxx>]

Hi Khalid,

Please try this code.

Indicator Code:

cond1:= Sum((C> Mov(C,5,S)) AND (C> Mov(C,6,S)),3)=3;
Cond2:= Alert(Cross(Mov(C,6,S), Mov(C,5,S)),3);

Entry:= cond1 AND cond2;

Exit:= Cross(Mov(C,6,S), Mov(C,5,S));

Entry; Exit

NOTE: I guessed that you want cross of 5 and 6 DMA also anytime during last 3 days instead of same day. If you want cross of 5,6 DMA on current day instead of any day during last 3 days, then eliminate Alert and use the following code for cond2
cond2:= Cross(Mov(C,6,S), Mov(C,5,S)). This condition will check Close above 5 and 6DMA in last 3 days but cross of 5-6DMA on current day only.

I have back tested your strategy. It is good for entry as it picks stocks at lower levels, but exits at very small profits even in a bigger trend. Sometimes trend continues after exit but there is no re-entry.




Thanks and Regards,
Amit Trivedi
President & CEO
Athenasolutionz.com - "We sell hope, in the stock market."

  ----- Original Message ----- 
  From: Khalid Masood 
  To: equismetastock@xxxxxxxxxxxxxxx 
  Sent: Monday, September 18, 2006 5:30 AM
  Subject: [EquisMetaStock Group] 5 DMA-Close & 6 DMA-Open Crossover


  Hi,

  I want to code an indicator with following parameters:

  For Entry:

  (1). Today's close is above (5day simple closing moving average & 
  6day simple open moving average) for last three days.

  (2). 5day closing moving average crosses above 6day open moving 
  average.

  For Exit:

  6day open moving average crosses above 5day close moving average.

  I have tried but unsucessfull,please help & thanks in advance.
  Regards
  Khalid



   

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