Strategy from HIgh Probability Trading - Marcel Link

[sr100m 10]

This strategy is from p263 of my edition of Marcel Links High Probability Trading. The concept appeals to me (vary the exit strategy depending on market conditions) and would like to test it in TS8 but I am coming up against my current very limited easylanguage skills.

 

It is, I think, in 2000i easylanguage (I asked someone who has 2000i to look at it but they could not get it to work in 2000i either so there seem to be errors in the published code).

 

I've attached a zip with the original and one with my changes based on trying to verify the code in TS8. The changes I have made are

- change all instances of buy("LongExit") to buy, sell("shortentry") to sell short etc.

- change the 'On Close' to 'next bar at open' in the entry signal section

 

i then came up against 'From Entry("Buy1")' in the {stops} section where I got an error 'market stop and limit orders must specify next bar'. This combined wit the 'at$', which may or may not be a typo has left unsure what to do next.

 

I would be grateful if anyone could help me advance my EL skills by pointing out how to make this work.

marcellink.zip

[aaa 10]

Hi sr100

 

Well... it doesn't work 4 many reasons

 

IMO First U should define the rules like in this example below

 

{

Entry Rules

1. RSI(14) must be above 50.

2. DMIPlus(10) must be above DMIMinus(10)

3. If above conditions are fulfilled, buy at today's close + 5 ticks stop

 

Exit Rules

1. $1,500 money management stop.

2. Lowest low of last 10 days trailing stop.

}

Edited August 14, 2010 by aaa

[Tams 20]

This strategy is from p263 of my edition of Marcel Links High Probability Trading. The concept appeals to me (vary the exit strategy depending on market conditions) and would like to test it in TS8 but I am coming up against my current very limited easylanguage skills.

 

It is, I think, in 2000i easylanguage (I asked someone who has 2000i to look at it but they could not get it to work in 2000i either so there seem to be errors in the published code).

 

I've attached a zip with the original and one with my changes based on trying to verify the code in TS8. The changes I have made are

- change all instances of buy("LongExit") to buy, sell("shortentry") to sell short etc.

- change the 'On Close' to 'next bar at open' in the entry signal section

 

i then came up against 'From Entry("Buy1")' in the {stops} section where I got an error 'market stop and limit orders must specify next bar'. This combined wit the 'at$', which may or may not be a typo has left unsure what to do next.

 

I would be grateful if anyone could help me advance my EL skills by pointing out how to make this work.

 

if you can articulate your logic,

maybe I will take a look in my spare time.

 

you need more than the code to get a good program going...

you need to draw a flow chart,

it will help you to visualize your thought process.

Otherwise this is nothing but a circular exercise.

Edited August 14, 2010 by Tams