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Greetings to all,
This is my first posting to this list and I'm wondering if someone can offer a
little bit of help on some simple system progamming that I need to do. I have
the system designed, but my grasp of EL is limited at the moment (just
learning).
Any help would be most welcome!
Murray.
------------------ Long trade rules ----------------
If the first bar range (High-Low) is less than 'n' points (say 85 points) then
*buy on stop*
1 tick above the high of the first bar. If filled, place the initial stop loss
1 tick below the low of the first bar. After completion of the second bar,
move
the stop loss to the *lower* of either:
a) The mid point of the first bar
b) 1 tick below the low of the second bar
At the open of the fourth bar, if the trade has not been closed by hitting a
profit target, move the stop loss to the *higher* of either;
a) The mid point of the first bar, or
b) 1 tick below the highest low of the first three bars
However if trading multiple contracts this stop should not be more than 100
points above the entry.
------------------ Short trade rules ----------------
The opposite of the long trade rules.
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