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It's fairly simple, James.
There's a typing error.
If you look at the code, you'll spot a lack of simmetry:
- on the long side, the code is telling you to buy 0.5% OVER the previous
high
- on the short side, the code is telling you to sell 0.5% - again - OVER the
previous low.
No, no, no ... the *logical* way to go is:
- on the short side, sell 0.5% UNDER the previous low.
This is logical, since we are talking about a BREAKOUT system, after all.
So the code has to be something like this:
{************************************************************************}
Inputs: Param(0.5);
Vars: MP(0);
MP = MarketPosition;
if MP <> +1 and Close > (1 + Param/100)*High[1] then Buy;
if MP <> -1 and Close < (1 - Param/100)*Low[1] then Sell;
{************************************************************************}
I have changed the code slightly to allow more flexibily: now you can test
with different % over/above the previous high/low.
Hope this help,
Cristian Stremiz
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