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Joined: 1/7/2010(UTC)
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Location: Greece
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Hi all,
I'm trading derivatives and I'm trying to setup a system of the EST (Enhanced System Tester).
I need to add a trick in my formula and i hope you guys can assist me.
In a buy signal {Cross(Mov(C,50,E),Mov(C,100,E))} i want to make a trade only if the current price of one of the next bars is 15 points higher than the high of the bar i got the signal. I hope this makes sense.:)
As you can guess i want to do the opposite thing in a sell signal ( if the current price of one of the next bars is 15 points lower than the low of the bar...)
Please check the photo I'm sending and i hope i can give you a visual of what i mean.
In any case if the current price of one of the next bars has not reached 15 points higher or lower (according the signal) than the bar i got the signal, I don't want to make that trade.
I will really appreciate your assistance.
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers, Unverified Users
Joined: 10/28/2004(UTC)
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Location: Perth, Western Australia
Was thanked: 16 time(s) in 16 post(s)
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Add to your entry criteria, the combination of ValueWhen() and BarsSince(), something akin to: Code:
x:=Cross(Mov(C,50,E),Mov(C,100,E));
long:=H > (ValueWhen(1,x,H)+0.0015) AND BarsSince(x)<=15;
You might also like to explore the use of pending trade orders to get you into the trade at the required price? There's lots of options here. wabbit [:D]
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Rank: Member
Groups: Registered, Registered Users
Joined: 1/7/2010(UTC)
Posts: 11
Location: Greece
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Hi wabbit,
First of all i would like to thank you for your fast reply.
I did some tests using the formula you suggested but I'm not having proper results.
After some search i noticed that i don't need the BarsSince() because i want to make a trade at any point in the future when a signal occurs and not within a specific amount of bars.(Please correct me if I got this wrong).
Also i got this working by replacing the 0.0015 with 15. Is it because I'm using units and not dollars?
Another question is if I can have a trade during a bar and not at the OHLC of the bar?
Once again i must say that I'm very grateful for your help.
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers, Unverified Users
Joined: 10/28/2004(UTC)
Posts: 3,111
Location: Perth, Western Australia
Was thanked: 16 time(s) in 16 post(s)
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wabbit wrote:You might also like to explore the use of pending trade orders to get you into the trade at the required price?
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