by dell123 » Tue Apr 10, 2012 10:09 pm
I back tested the strategy and it seems to work, however when I placed it on a demo account it would not place any stops or limits. Is this something you can fix? Also, would it be possible to make some additional modifications, such as:
1. Sell a selected number of lot's at a sma,ema,mva or opposite Bollinger band.
2. New stop. For example when the trade is opened the stop would be placed at the previous bars low or you could set by selecting previous bars low plus an amount in pips to keep you just under the previous bars low. Once the first target is hit the stop would be moved to brake even or brake even plus a set number of pips.You could set it up like you did in your Re: Stage trailing stop and just change the call for the parameters. For example level 1 in pips would be changed to touch of ___sma or___ ema and stop 1 in pips would be changed to previous bars low plus or minus pips. Level 2 touch of ___mva. Stop 2 Brake even plus or minus pips. Level 3 touch of opposite B band. Stop 3 previous bars low plus or minus pips. Level 4 the stop is moved to the previous bars low and should continue with a bar under bar stop until target is taken by bar or original strategy.
3. Hours for system to trade on/off two multiples.
4. Days of trading (ie: No Sundays)
Example for above. The strategy takes the order for 4 lots going long and places a stop under previous bars low. Price moves up to target 1 were it touches the SMA and sells 1 lot. The stop is now moved to brake even or plus 1. Price moves up to target 2 were it touches the MVA and sells 1 lot stop could be moved to previous bars low at this time or left at previous level. Price moves up to target 3 were it touches the B Band and sells 1 lot.The stop is now moved to the previous bars low and should continue with a bar under bar stop until target 4 is taken out by bar or the original strategy. Remember by placing a 0 at any of the levels would allow you to by pass that level so you could have sold all 4 lots at target 1,2,3 or 4 if you wanted to.
Thanks