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Re: Inside Bars



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I get a little tired of discussions about possible trading techniques without
someone
showing us what goes on.

The attached is a picture of a very simple inside day system for bonds.

An  .ela  is attached  and  the code is listed below.

Seems that inside day IS A GOOD SETUP!!!!!!


Clyde Lee

{
= = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =
System:  Inside Day

Inputs :  None


Test inside day theory.  Buy on breakout depending on divverence
in inside day h&l to prior day h&l.
Exit on next inside day if trade occurs.
Exit on MM stop based on multiple of 14 day ATR


= = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =
}

Input:  ATRMult(1.5);

Value3=AvgTrueRange(14);

If currentbar > 1 then begin

 Value1=H[1]-H;
 Value2=L-L[1];
 If  Value1>0 and Value2>0  then begin
  Buy  H+Value1/2 on Stop;
    Sell L-Value2/2 on Stop;
 End;
End;

If ATRMult>0 then
 If MarketPosition>0 then
   ExitLong  at EntryPrice - ATRMult*Value3 Stop
  Else If MarketPosition<0 then
  ExitShort at EntryPrice + ATRMult*Value3 Stop;








PGREC@xxxxxxx wrote:

> Hi Walt,
>
> In your example where would you enter and where would you place your initial
> stop?
>
> Regards,
>
> Peter Greco

Attachment Converted: "c:\eudora\attach\InsideDay_on_US.gif"

Attachment Converted: "c:\eudora\attach\Insideda.ela"