RE: more ela code questions

["Paul Barnes" <paul@xxxxxxxxxxxx>]

Andy,

The following code should do the trick.  I'm not sure if you want to work
off the close or the high (low) for the entry.

Paul


Inputs: Length(20);

Vars: TrailStop(0);

TrailStop = Highest(High,Length) - Lowest(Low,Length);

{Entries}
If Close > Highest(Close,Length)[1] then Buy ("BrkOut LE") next bar at open;
If Close < Lowest(Close,Length)[1] then Sell ("BrkOut SE") next bar at open;

{Exits}
If MarketPosition = 1 then begin
   ExitLong ("TrailStop LX") at Highest(High,Length) - TrailStop on stop;
end;
If MarketPosition = -1 then begin
   ExitShort ("TrailStop SX") at Lowest(Low,Length) + TrailStop on stop;
end;

-----Original Message-----
From:	Andy Dunn [mailto:andy@xxxxxxxx]
Sent:	Wednesday, 18 November 1998 07:53
To:	omega-list@xxxxxxxxxx
Subject:	more ela code questions

I have written Omega ela support about 5 times on this one and they can't
seem to get it correct...perhaps some of you ela gurus can help...I am
looking for the code for a break-out system, and the stop is the distance
between the highest high and lowest low the day before the trade. So Richard
Donchian 20 day break out with a trailing stop that essentially has the
volatility of the last X days built in

- go LONG tomorrow at open on a breakout of the last 20 days
- a trailing stop that is the difference between the highest high and lowest
low for the last 20 days