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KS:
I added the *;*s in case newbies didn't know. Also the
*[1]* is needed after highest/lowest references or it will look at the
current bar's high or low. If the close is not greater than the High (or
lower than the low) you would never be filled :).
Bill Wynne
Bill@xxxxxxxxxxxxxxx
Input: LEntryL(20), SEntryL(20) LExitL(10), SExitL(10);
If Current bar >1 and Close > Highest(High,LEntryL)[1] Then Buy on Close;
If Current bar >1 and Close < Lowest(Low,SEntryL)[1] Then Sell on Close;
ExitLong Lowest(Low, LExitL) stop;
ExitShort Highest(High, LExitL) stop;
>From: "Kamil Soliman" <Kamil.Soliman@xxxxxxxxxxxxxxxxx>
>To: Rokin Sequoia <rokinseq@xxxxxxxxxx>
>CC: omega-list@xxxxxxxxxx
>Subject: Re: Donchian channels Indicator formula
>Date: Mon, 23 Oct 2000 15:53:34 +0000
>
>Hi all!
>
>I think you guys are looking for this:
>
>Input: LEntryL(20), SEntryL(20) LExitL(10), SExitL(10),
>{optimize them, if you must}
>
>If Current bar >1 and Close > Highest(High,LEntryL) Then Buy on Close
>If Current bar >1 and Close < Lowest(Low,SEntryL) Then Sell on Close
>If marketposition = 1 then ExitLong Lowest(Low, LExitL) stop
>If marketposition = -1 then ExitShort Highest(High, LExitL) stop
>
>By the way, try not to optimize this. This is supposed to get the BIG
>TREND, not the choppy whipsaws. If your optimalization report gives
>for ex. ENTRLL(4) then you've curve fitted. Don't believe me? Try
>your optimized system on any other market and you'll get my point.
>Just a suggestion.
>
>Hope this helps,
>Kamil
>
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