Strategy that works well for MSFT

Discussion in 'Strategy Development' started by abogdan, Feb 9, 2004.

  1. abogdan

    abogdan

    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;
     
  2. 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
     
  3. abogdan

    abogdan

    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,