Rank: Advanced Member
Groups: Registered, Registered Users Joined: 6/5/2005(UTC) Posts: 35
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I am trying to capture the code for a generic limit order within the framework of the Forum.Latch function...
Does anyone have any comments on this method? It is just a first stab.
[code:1:23753bb931]
pr := MP();
alphas := .07;
rangePct := 0.35;
revPct := 1.015;
itrend := ExtFml("ADSI.ITrend", pr, alphas);
trigger := 2 * itrend - Ref(itrend, -2);
LE:=itrend>trigger;
SE:=itrend<trigger;
LX:=0;
SX:=0;
{ only when it has switched }
{LE := LE = 1 AND Ref(LE,-1) <> 1;} { I don't think we need this }
{
if we would have bought outright yesterday, see if we hit our limit order for today
I take a limit order to mean that if the market EVER drops to that price or below,
then a buy signal is generated. I represented by this by the LOW, b/c if the LOW
goes below then we know that at some point between the bars, the price dropped
to or below the buy limit.
}
B:= ExtFml("Forum.Latch",LE,LX,SE,SX);
B;
LE := If(Ref(LE,-1), If(L <= Ref(CLOSE,-1) - rangePct*(Ref(H,-1)-Ref(L,-1)),1,0),0);
B:= ExtFml("Forum.Latch",LE,LX,SE,SX);
5 + B;
[/code:1:23753bb931]
Thanks,
Brad Ulrich
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