Forex Software — Different strategies for long and short positions

Re: Different strategies for long and short positions

2015-05-03T21:47:37Z

Two MA can be used easily for creating a custom indicator for the opening and closing logic.

You can use Bollinger Bands for base.
The only change is that set the Upper Band = MA(High) and Lower Band = MA(Low).
It will work for all four types of slots.

double[] adUpBand = MovingAverage(period, shift, maMethod, Price(BasePrice.High));
double[] adDnBand = MovingAverage(period, shift, maMethod, Price(BasePrice.Low));

Re: Different strategies for long and short positions

2015-05-03T21:30:28Z

I think it is symmetrical. Lets consider MA 26 as High/Low bands, and everything clicks together.

In current configuration closing point is hard to achieve, maybe median MA? Or if TF is small, then "closes below/above" logic for High and Low MAs.

Entry would look like this with the help of logical groups:

[Opening Point of the Position]
Previous High Low
Enter long at the previous high
Base price - High and Low
Vertical shift - 20

[Opening Logic Condition]
Moving Average
[ A ] The position opens above the Moving Average
Smoothing method - Simple
Base price - High
Period - 26
Shift - 0
Use previous bar value - Yes

[Opening Logic Condition]
Moving Average
[ B ] The position opens below the Moving Average
Smoothing method - Simple
Base price - Low
Period - 26
Shift - 0
Use previous bar value - Yes

[Opening Logic Condition]
Long or Short
[ A ] Open long positions only

[Opening Logic Condition]
Long or Short
[ B ] Open short positions only

Re: Different strategies for long and short positions

2015-05-03T18:46:03Z

Why do you want to make a non-symmetrical strategy?

Re: Different strategies for long and short positions

2015-05-03T18:38:48Z

There is an indicator for 'Long or Short', you could try that.

Different strategies for long and short positions

2015-05-03T17:09:45Z

I am trying to build a basic strategy and then expand upon it but I can't get the basic structure set up correctly.
Below is a copy of the description that I pasted here.

Opening (Entry Signal)

Open a new long position 2 points above the previous high when the following logic condition is satisfied:
the position opening price is higher than the Moving Average* (Simple, High, 26, 0).

Open a new short position 2 points below the previous low when the following logic condition is satisfied:
the position opening price is lower than the Moving Average* (Simple, Low, 26, 0).

Closing (Exit Signal)

Close an existing long position at Moving Average* (Simple, Low, 26, 0).

Close an existing short position at Moving Average* (Simple, High, 26, 0).

It's pretty simple, however if you will notice the high and low in bold I have had to change manually in this post. Is it possible to have a slightly different strategy for long and short positions?

Thank you for your time. Any help is appreciated.