Sorry I have been working on some exciting stuff and I have some announcements I will be making in the next two weeks which you will all be happy about. While your waiting let's talk about a classic systems. It's a keltner channel breakout. The concept is to make a channel , X Average Trueranges from a moving average. There are two different variations of this. The first is to enter on a stop when the channel is broken. The other is to enter on the next day's open if you close outside of the channel. I will give you some results for this system on a basket of commodities in a few days.
Sub KeltnerBBreakOutClassic(SLen,BandMult,EQLB) Dim MAAve As BarArray Dim StdVal As BarArray Dim virprofit As BarArray MAAve=Average(Close,SLen,0) StdVal=Average(Range,SLen,0) If Close>MAAve+BandMult*StdVal Then Buy("LE",1,0,Market,Day) If Close<MAAve-BandMult*StdVal Then Sell("SE",1,0,Market,Day) If MarketPosition=1 And Close<MAAve Then ExitLong("LX","LE",1,0,Market,Day) If MarketPosition=-1 And Close>MAAve Then ExitShort("SX","SE",1,0,Market,Day) End Sub Here is the code for a classic Keltner band system. I will be posting more soon.
I am continuing the discussion of this system in the thread below since I posted here by mistake. http://www.elitetrader.com/vb/showthread.php?threadid=218842
We still have no power due to the Hurricane. We expect it up later this week, but we are still checking e-mail for tech support. In addition we are having a hurricane sale, I will include a free membership pack with any new order of $495.00 or more between now and Friday. This is a $199.00 value.
We still do not have any power and we still are offering the same sale, let's make it though Saturday now. We will be shipping orders out this weekend or right after the holiday. We will also allow you to download the product while you are waiting on request. This way you can have it over the weekend.