Even Simpler Profitable Method

If anyone's interested, here's the code I used for testing:


#Even Simpler Strategy
my $Units = 0;
#Entry Conditions
#Entry Long
if (Now(Close) > Previous(High))
{
if (LongPosition)
{
return;
}
if (ShortPosition)
{
$Units = 200;
}
else
{
$Units = 100;
}
BuyOpen('U',$Units);
}
#Entry Short
if (Now(Close) < Previous(Low))
{
if (ShortPosition)
{
return;
}
if (LongPosition)
{
$Units = 200;
}
else
{
$Units = 100;
}
SellOpen('U',$Units);
}

 

What time frame are u suggesting 1 min 2 min 3 min etc.?

mjh

 

Smart guy

 

First off, thanks everyone for all the great input in this thread. Yes, any time frame should be as valid as the next. From a practical viewpoint however , if you used one minute bars and manually entered orders, you would realy need to be on the ball. I have been experimenting with five minute and daily bars.

This really is analogous to a short term Turtle system or one bar break charting system.

 

what backtest software

 

I coded that in Seer - wwww.seertrading.com

It uses an event-driven Perl-based script so it's much faster to write code for than delphi-based tools like Wealthlab.

Sorry about the lack of indentation - it was indented when I pasted it.

 

digging deep into ET archive I found Dizzyspell method