Re: Why won't this system work SHORT?

["Peter Gibson" <Peter_Gibson@xxxxxxxxxxxxxx>]

shouldn't

>  If Mp=1 and Mp[1]=0  then
>    Value1=(Highest(High[1],len) - Lowest(Low[1],len));

read if MP=-1

for the short case?

-----Original Message-----
From: Andy Dunn <andy@xxxxxxxx>
To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: December 18, 1998 9:19 PM
Subject: Why won't this system work SHORT?


>Here is a simple BREAK-OUT system I have been testing. It is a LONG ONLY
SYSTEM
>
>input: len(90);
>
>  Vars:Mp(0);
>  Mp=MarketPosition;
>  Value0=Highest(High,len);
>
>  Buy at Value0 Stop;
>
>  If Mp=1 and Mp[1]=0  then
>    Value1=(Highest(High[1],len) - Lowest(Low[1],len));
>
>  ExitLong at Value0-Value1 Stop;
>
>--------------------
>But, when I try and make it go SHORT ONLY, the trades exit the same day or
never exit? Can anyone help me reverse it?
>Here is my attempt that fails??
>
>
>input: len(90);
>
>  Vars:Mp(0);
>  Mp=MarketPosition;
>  Value0=Lowest(Low,len);
>
>  Sell at Value0 Stop;
>
>  If Mp=1 and Mp[1]=0  then
>    Value1=(Highest(High[1],len) - Lowest(Low[1],len));
>
>  ExitShort at Value0+Value1 Stop;
>
>
>
>Thanks
>
>
>
>