Hi, I'm trying to code following strategy but unable to code for "short" because it includes buy condition as well. I have coded Buy,Sell & Cover but not able to code "Short". Please help. As in short, it is including 2 timeranges : between 091500 to 094500 between 133000 to 143000 afl is not reading it correctly. I think I'm missing something. Buy = (If timerange is between 091500 to 094500) and price > X Sell = Profit target of 2 % or Stop loss of 1% Short = {Buy condition} and {(If timerange is between 133000 to 143000) and price < Y} Cover = Profit target of 2 % or Stop loss of 1%
I would have thought your short condition code would have been; Short = {Sell condition} and {(If timerange is between 133000 to 143000) and price < Y} You are selling on a short, not buying.
Thanks for your reply mickey !! It is not sell, it is buy..and that is the catch. Short = {Buy condition} and {(If timerange is between 133000 to 143000) and price < Y} What I'm trying to do is to create a trend following indicator. Stock will be bought if price is above certain level-say X for last 5 candles between 091500 to 094500. There is another level say Y which is below X. I want to put another condition for shorting same stock which was trading above X for last 5 candles between 091500 to 094500 but came below Y between 133000 to 143000 intraday. As it is a short condition, it will also force my earlier long position to sell first and then go short. I hope I'm able to explain now...please let me know in case of any queries. Below is snapshot what I have created : Timerange = TimeNum() > 091500 AND TimeNum() < 094500 ; Timerange1 = TimeNum() > 133000 AND TimeNum() < 143000 ; Timeout = TimeNum() > 151500; Range = LLV(L,5) ; Range2 = HHV(H,5) ; X = one of the resistance level Y = one of the support level Trend = Timerange AND Ref(Range,-1) > X ; Trend2 = Trend and (Timerange1 and Ref(Range2,-1) < Y) ; Buy = Trend ; Sell = Timeout OR Trend2; Short = Trend2 ; Cover = Timeout ; Buy = ExRem(Buy,Sell) ; Short = ExRem(short,Cover) ; Sell = ExRem(Sell,Buy) ; Cover = ExRem(Cover,Short) ;