This works well for us on 180 min bars. Stocks like MSFT, QQQ etc with pre and after market bars enabled. Play around, you might find it interesting. Cheers, Input: K(1), Rate(0.14); If UpTicks > DownTicks Then Buy Next Bar At Close - Rate Limit; If UpTicks < DownTicks Then SellShort Next Bar At Close + Rate Limit; If MarketPosition = 1 Then Sell Next Bar at EntryPrice + Rate/K Limit; If MarketPosition = -1 Then BuyToCover Next Bar at EntryPrice - Rate/K Limit;
Thanks Abogdan. Could you elaborate a little more on some of these terms? What is k? What is rate? By market position +-1 do you mean in the red or in the black by one point? This sounds like code language for one of the trading platforms that I don't have. Which one is it? Any hints about how well it works? Thanks again, JohnnyK
Sorry, I should of mentioned that this is a code for Trade Station. I'll explain the meaning of the symbols a little bit later when I will have a couple of minutes. Cheers,