Hello Eugene,

Can you confirm if this is the right way to implement a strategy that buys at the open when price has fallen x% from the Highest highs made in the last 90 days?

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OR should I be calling BuyAtOpen instead of BuyAtMarket?

BuyAtMarket is the right signal to buy at the open. Here's the "Cadillac" version with an arbitrary 5-day exit. It includes a slider to adjust the percent and plotting the trigger level.

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Your calculation and equation was correct too, but the condition does not make sure that the price is falling from above -x to below it, like the CrossUnder signal does. In other words, if price was already below the 90-day high at the beginning of the chart, you'd buy it immediately, then sell it, and buy it, and sell it, etc. without ever crossing that threshold.

Many Thanks, Cone. Your version is much better:-)

I'm considering long positions only. Basically, I'd like to modify this to buying 2 positions for each dip below the highest high (one for example at -2% dip and another at -4% dip). If it makes new high above highest high, the position counter should get reset to 0, and add to the position if there is another -2% and/or a -4% dip below the new highest high. I just want to keep scaling up like this until price closes below -6% from the highest high, when all positions are exited. Please guide me as to how can I code the logic.

Ramkishore, you might find a couple of clues here:

Buy if price fell by Y% from the previous open position

Thanks, Eugene. Example sort of helped, but I'm not quite sure about how can to track active positions with reference to a particular highest high. Note there will be only a max of 2 per highest high (one for dip below -2% and other for -4% dip). Unlike the example strategy, the strategy i'm trying to create does not have a predefined max # of open positions. it would be some percent of account size.

Trying to figure out if i should be using hashtable or custom dataseries to track active positions per a particular highest high. Please advise

Give this a shot. You can still use the single slider to control the first level. The second level is 2x the first level, and the exit is 3x. I think this matches your spec. (fwiw, you'll probably have better luck with this strategy entering after larger "drops")

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You're a genius.:-) This should do it. Will let you know if i have anymore questions.

Thanks