Rank: Member
Groups: Registered, Registered Users
Joined: 8/8/2012(UTC)
Posts: 15
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Hi
i want to test the opening range breakout strategy of first 60min with the following conditions 1: close should be greater than 25 sma (for long) 2: range should be less than atr(14)*1.25 3 close should be in top 25% of the range to go long(for long) Code:(c > mov(c,25,s)) and ((h-l)< (atr(14)*1.25)) and (c >=( h-(h-l)/4))
sell order should be either low of first 60 min or the range of first 60 min + high for selling short the conditions are 1: close should be less than 25 sma (for short) 2: range should be less than atr(14)*1.25 3 close should be in bottom 25% of the range to go short(for short) Code:(c < mov(c,25,s)) and ((h-l)< (atr(14)*1.25)) and (c <=( l+(h-l)/4))
to cover short position buy order should be either high of first 60 min or the range of first 60 min - low in system tester how do i set the condition to buy only if the high of first 60min is crossed on up side or sell only if the low of first 60 min is crossed to down side
my second query being assuming i have a long position in which 1 st profit target is hit if i want to sell 1/2 my position at 1/2 the range of first 60 min(as 1st profit target) Code:RG:=(H-L)/4;HIGH + (RG*2)
and keep a traling stop of 1/4(quarter) of the range(first 60 min) from low of previous bar bar(assuming the bar to be higher low)for the remaining position how do i set the entire condition in system tester to backtest the entire strategy
I get live 60 min chart data to trade intraday
thanks
& regards Supremeinfo
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