Sell after a sharp rise

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  • 11/03/2017 at 12:25 AM #51364 quote
    Mansoor
    Participant
    Average

    Hi. What code would you use to sell after the price has gone up sharply (out of ordinary) and is about to retrace? I use If Close – Close[n] > X but I wonder what other people use.

    S-2017-11-03-at-09.19.57-.png S-2017-11-03-at-09.19.57-.png
    11/03/2017 at 4:25 AM #51368 quote
    robertogozzi
    Moderator
    Master

    Yes, you will have to compare “n” candles’ closing/highest/lowest prices or ranges, i.e.:

    // n        = number of lookback candles
// PipLimit = number of pips to be considered as a sudden surge
//
//     check CLOSING prices
IF (close - close[n]) * pipsize > PipLimit  THEN //check if BULLish surge of at least ... pips
IF (close[n] - close) * pipsize > PipLimit  THEN //check if BEARish surge of at least ... pips
//     or chech HIGHs/LOWs
IF (high - high[n])   * pipsize > PipLimit  THEN //check if BULLish surge of at least ... pips
IF (low[n] - low)     * pipsize > PipLimit  THEN //check if BEARish surge of at least ... pips
//     or check RANGEs
IF (range - range[n]) * pipsize > PipLimit  THEN //check if BULLish surge of at least ... pips
IF (range[n] - range) * pipsize > PipLimit  THEN //check if BEARish surge of at least ... pips

    Everyone has his own way of measuring a spike, there’s no guarantee that one of them is the best.

    Roberto

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Sell after a sharp rise


ProOrder: Automated Strategies & Backtesting

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Mansoor @mansoor Participant
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This topic contains 1 reply,
has 2 voices, and was last updated by robertogozzi
8 years, 4 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 11/03/2017
Status: Active
Attachments: 1 files
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