one notch for long
January 27, 2022, 9:50 AM
Strategies
2 Comments
The overriding overriding overriding overriding overriding… overriding trend since the beginning of the indices is long.
With short we always trade only corrections.
We look for entries into the trend?
So we buy when the price has fallen and starts to rise, not at a new high!
Easygoing.
Below is a small code that defines possible entries.
//-------------------------------------------------------------------------
// maincode : everytime long kavg5 co2 M9
//-------------------------------------------------------------------------
// created and coded by johnscher
// s&p500 longonly strategy
// timezone europe, berlin
// timeframe daily
defparam cumulateorders = false
once positionsize = 1
c1 = exponentialaverage [1] (close) crosses over exponentialaverage [2] (close)
c2 = close < average [5]
if c1 and c2 then
buy positionsize contracts at market
endif
set stop %loss 9
set target %profit 9
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Filename:
one-notch-for-long.itf
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