Normal
Is something like this possible ?I have little experience in what the limitationof possible code is1. A low is made.2. A rally takes place.3. Market moves down to a higher low but at least a certain % higher than the prior low. ( maybe no more than 60% retrace )4. within 4 or 5 days of that recent low ( would not want this too long );When, Close is > than the previous close. Close is > than the close of low in step 1. The range is > than previous bar’s range. Today's close is > than the mid range of the barGo long next barfor short reverse the triggersYou would also Need to define the trend these triggers will operate onmaybe from the next time frame up .eg triggers dailyon a trend defined by weeklyIt would define a pull back entry with the trend long or shorthopefully avoid whipsaws and false breakoutsmotorway
Is something like this possible ?
I have little experience in what the limitation
of possible code is
1. A low is made.
2. A rally takes place.
3. Market moves down to a higher low but at least a certain % higher than the prior low. ( maybe no more than 60% retrace )
4. within 4 or 5 days of that recent low ( would not want this too long );
When,
Close is > than the previous close.
Close is > than the close of low in step 1.
The range is > than previous bar’s range.
Today's close is > than the mid range of the bar
Go long next bar
for short reverse the triggers
You would also Need to define the trend these triggers will operate on
maybe from the next time frame up .
eg triggers daily
on a trend defined by weekly
It would define a pull back entry with the trend long or short
hopefully avoid whipsaws and false breakouts
motorway
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