Hi all
Is it possible to program The Double 7 Strategy by Larry Connors as a screener and indicator?
http://systemtradersuccess.com/double-seven-strategy/
Yes of course. So you only want to detect signals that meet these 3 conditions? :
1. Price must be above its 200-day moving average
2. Buy when prices closes below 7-Day low.
3. Sell when price closes above 7-Day high.
These are the criterias for the long only strategy.
That is correct. Seems easy. Now I just have to learn how to code it. Thanks for the answer Nicolas!
Hi Johan, do you want to share the code?
Here is the screener. Dont think you need the exit conditions on the screener.
c1 = close > average[200]
c2 = close < DHigh(7)
filter = c1 and c2
SCREENER[filter]