Linda Raschke system idea

[Jim Johnson <jejohn@xxxxxxxxx>]

Hello Omega List,

Yesterday I was checking in on Linda Raschke's website where she posts
2-5 trading ideas each day
(http://www.mrci.com/lbr/charts/20010228/index.htm).

Yesterday she noted that when NYSE Tick closes > 500, tomorrow will
trade to (at least) today's high; if < -100, price will trade to
today's low. I've tried to code this but keep getting exits a day
late.   any suggestions?   NOte: Ignore the reference to Advaning
Issues--that's my own tweak.

{++++++++++++++++++++++++++++++++++++++++++++++++++++}

 {Per Linda
Raschke on her website 2/27/2001, If Tick > +500 at Close, tomorrow's
price will exceed today's high. If Tick close <-100 then tomorrow's
price will exceed today's Low. Data1 = SP futures-daily. Data2 = NYSE
closing Tick. Data3 = NYSE Advancing Issues}

Input: LoLim(-100), HiLim(+500), Filter(1); {Filter is # points above today's hi/below low to tighten stops.}

If C of Data2 > HiLim {and C of Data3 > C[1] of Data2}then buy at close;
If MarketPosition = 1 then
ExitLong at High[1] + Filter points Stop;

If C of Data2 < LoLim {and C of Data3 < C[1] of Data2} then sell at close;

If MarketPosition = -1 then
ExitShort at Low[1] - Filter Points Stop;

{++++++++++++++++++++++++++++++++++++++++++++++++++++++}

  

-- 
Best regards,
 Jim Johnson                        mailto:jejohn@xxxxxxxxx