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> At 09:24 PM 12/25/97 -0500, Bob Fulks wrote:
> >At 7:41 PM -0500 12/25/97, Perthuis wrote:
> >>I am looking for a system or show me that finds the following: If open <
> >>close of one bar ago by variable % then buy open and sell close.
> >>
> >>I see that stocks that gap down on open on bad news usually close up
> >>substantially. Does anyone have a system or show-me that uses this idea? I
> >>have tried to write this but am new to easy language. Before I get too
> >>frustrated I thought I would try here.
> >>
> >>Thanks
> >
> >
> >
> >This is a little tricky as EasyLanguage will not allow you to use an
> >ExitLong on Close in the same system as an entry based upon the open of
> >next bar. But you can fool it by putting the exit in a separate system.
> >
> >The attached code works and seems to be profitable much of the time. You
> >might like to include stops...
> >
> >Bob Fulks
> >
> >{*****************************************
> >System: Gap Down
> >
> >Coded by: Bob Fulks
> >*****************************************}
> >
> >Input: GapSzPct(4);
> >
> >if Open of next bar < Close * (1 - GapSzPct / 100) then
> > Buy next bar at market;
> >
> >IncludeSystem:"ExitLong on Close";
> >
> >
> >
> >
> >{*****************************************
> >System: ExitLong on Close
> >
> >Coded by: Bob Fulks
> >*****************************************}
> >
> >ExitLong on Close;
> >
> >
> >--
> >Bob Fulks
> >bfulks@xxxxxxxxxxx
>
> Hello!
>
> Do you trade only this system when bad news day arise? Or can be
> used everyday?
>
> _________________________________________________________
>
> Warm Regards!
>
>
> Visavis
> Visavis@xxxxxxx
>
> _________________________________________________________
>
Only trade it when the close will be higher then the open
very warm rgds hans
~~~~~
xyz Trading is a secret group of bald monks who sit around daily
studying ancient runes called "candlesticks," through which their god
speaks to them. He tells them on which side of the S&P to place their
pebbles. Unfortunately, despite years of intense study, the bald
monks still misinterprete these ancient runes and what side their
god is favoring, which leads to loss of their pebbles on many
occassions.
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