[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

Simple EL system help please?



PureBytes Links

Trading Reference Links

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.