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Hello List,
I can't figure this one out. Here's a simple break out system:
{Range Breakout w/ contraction as setup"}
Input:Period(20);
Condition1=range < Average(range,Period);
{LongEntry}
If Condition1 then buy at next bar Open + range Stop;
{ShortEntry}
If Condition1 then sell at next bar Open - range Stop;
If I change the system to fade the break:
If Condition1 then sell at next bar Open + range Stop;
If Condition1 then buy at next bar Open - range Stop;
It buys and sells at the same price. What am I missing and I hope this
isn't a stupid question. Thanks for your help.
Trey
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