Close below 50% of the total bar

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11/04/2019 at 10:33 AM #112008 quote

wizzan123
Participant

New

Hello!

I was wondering how to code a condition for short: I want the the close to be in the bottom 50% of the total bars range.

Any ideas?

Regards

11/04/2019 at 10:57 AM #112021 quote
robertogozzi
Moderator

Legend
There you go:
```
IF close <= (high - (range / 2)) THEN
   SELLSHORT AT MARKET
ENDIF
```
11/04/2019 at 1:09 PM #112032 quote

wizzan123
Participant

New

Thank you Robert!

11/06/2019 at 12:24 PM #112266 quote
Wilko
Participant

Senior
Interesting how one differs from the other. The result is the same but I would write that code snippet this way:
```
IF close <= low + Range * 0.5 THEN
   SELLSHORT AT MARKET
ENDIF
```
If I want to only sell short if it is in the bottom 10% I merely replace 0.5 with 0.1. This makes it very easy to run optimizations and find out if there is different edge in different percentages.

I’m not saying that one is better than the other, just that there are more ways than one to skin a cat.

/F
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Close below 50% of the total bar

ProOrder: Automated Strategies & Backtesting

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wizzan123 @wizzan123 Participant

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This topic contains 3 replies,
has 3 voices, and was last updated by Wilko
6 years, 11 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	11/04/2019
Status:	Active
Attachments:	No files

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