Entry price is based on the maximum or minimum of previous candle.
Author: marciomr
Creation Date: 7/11/2011 10:03 AM
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marciomr

#1
However at very entry the daytrade margin I use when market surpasses previous candle maximum or minimum of candle loses the previous. So that the entry price is based on the maximum or minimum of previous candle, both for input as to outputs. I don't particularly have found this in rules. Just found entry options after closing. This type of entry, with candles in training and entry price based on maximum and minimum of the candle, you can only do with programming or you can make rules as well?
marcio moreno
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Eugene

#2
Channel breakout, channel period = 1, buy/short at stop.
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marciomr

#3
Eugene... I tried here, but I think that num is well what I need. What I need is something that will give the final confirmation. Once all closing conditions, based m are satisfied, I'm hoping the next maximum overshoot of candle prior to entry. For example: "buy at stop channel high" and "price is below the lower Bollinger bands". What desire is expected to close down the band and soon the first maximum overshoot, desire to enter the market. But I think that is not working with these combinations of commands passed.
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Eugene

#4
If you have tried combining the Channel Breakout entry with the Bollinger Band condition and this is not what you're looking for, then I'd suggest illustrating your idea with a screenshot of the setup from an actual bar chart.
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marciomr

#5
The image attached, I scored some situations that I want to schedule the order entry in the following situation: at the beginning of trading session until the 13hs, so close below the bolinger 14periodo, marco the previous maximum of candle and sell so that the merchant overcome in 5 points the previous maximum and seeing the same way, only inverse, when lose 5 points from the previous minimum. I hope, in both situations until 2 candles following. file:///C:/Users/Marcio/Pictures/entry%20bolinger.jpg
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marciomr

#6
By the way don't know include photo in post
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Eugene

#7
Hope that the picture is worth a thousand words because this Google Translate (merchant overcome, periodo) is really hard to understand.

For your record, "file:///" is only valid on 127.0.0.1. Upload to any free image hoster (use Google/Bing to find one), then paste the direct image link (and not the thumbnail) between a pair of IMG tags (that you get by clicking the IMG button that you'll note when doing "Add a new Post").
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marciomr

#8
I think that the image will help as well. This system is a little different than Closed Off and closed in, using the bollinger. Only uses the closed out of band. And so closes off buy the first overrun, as the images.
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Eugene

#9
This seems somewhat close:

Close outside Bands system
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marciomr

#10
Until is similar, but that's not what I'm looking for. Initially I would like to use rules, because I do not know programming. And why be daytrade margin enters candle in training, does not enter into closing. Then, when the previous candle closes out of band I enter in the maximum overshoot of this candle that closed outside the bands, but still in the candle that is forming and also do not expect a closing cross of lower band. The question is, how to program this in rules? Enter while the candle in training is climbing, taking into account that the previous candle closed outside the bands?
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Eugene

#11
Rules don't make it particularly easy for establishing multi-bar conditions (close outside of BB bands on previous bar, something else on current bar etc.)
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Eugene

#12
Also see "Bollinger Buyer" (comes with WL6).
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Cone

#13
Does the "Buy/ShortAtStop" trade have to occur on the next bar after the close outside the band?
Or stated in another way, how many bars is the setup valid?
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