Re[2]: my momentum system 6 Picks

["Sentinel Trading" <rjbiii@xxxxxxxxx>]

Thanks again to Philip for the idea.


I coded a simple system and the entries look pretty good especially if you day
trade the exits, and do not use the exits in the system. The stop loss statement
also keeps it from holding through small pull backs and you may want to increase
the amount I used depending on your pain tolerance.

I can send the ELS for 2000i, and the Max trade high function if anyone needs
it. 


Input: LongLim(.0625),StopLim(.50);

Var:TwDyCl(False),UpCl(False),LoUp(False),LoDn(false);

TwDyCl = Close > Close[20];
UpCl = Close > High[1];
LoUp = Low > Close[1];
LoDn = Low[1] < Low[2];

If LoDn and TwDyCL and UpCL and LoUp Then 
 Buy ("MomBuy") High + LongLim Stop; 

ExitLong ("StopLoss") From Entry ("MomBuy")AT$ Low - StopLim Stop;

If High < MaxTradeHigh then ExitLong("MaxHighExit");



The first dawn of smartness is to stop trying things you don't
  know anything about----especially if they run to anything 
over a dollar.


Sentinel Trading
rjbiii@xxxxxxxxx







____________________Reply Separator____________________
Subject: Re: my momentum system with 6 picks
Author: owner-realtraders@xxxxxxxxxxxx
Date:  7/9/99 11:43 AM

If buying momentum is your shtick, here's a little dance a now deceased
systems designer of some repute claimed to use successfully.  Granted, it
was choreographed for commodity price action, but maybe it's worth a
shot.  Surely, it's simple enough to code.

If all of the following conditions are met, buy on today's close:

1)  Today's close must be greater than the close 20 market days ago.

2)  Today's close must be greater than yesterday's high.

3)  Today's low must be higher than yesterday's close.

4.  Yesterday's low must be lower than the previous day's low.