Forex Software — new methodology

Re: new methodology

null@example.com (Jar Jar) — Wed, 05 Sep 2007 04:43:58 +0000

The "Envelopes" calculates the deviation in %

[Opening point of the position]
Envelopes
Enter long at the Down Band
Smoothing method - Simple
Base price - Close
MA period - 55
Deviation % - 1.2
Use previous bar value - Yes

I don't know how to set 20% of the Donchian Channel. I think this future is not presented.

Re: new methodology

null@example.com (Jar Jar) — Wed, 05 Sep 2007 04:34:03 +0000

An other option is to enter at the lowest price of the day dated 55 days ago. (not the lowest price within the 55days interval)

A same direction signal - Does nothing
An opposite direction signal - Does nothing

[Opening point of the position]
Donchian Channel
Enter long at the Down Band
Base price - High & Low
Period - 1
Shift - 55
Use previous bar value - Yes

[Closing point of the position]
Donchian Channel
Exit long at the Up Band
Base price - High & Low
Period - 1
Shift - 55
Use previous bar value - Yes

Re: new methodology

null@example.com (viswadatta) — Wed, 05 Sep 2007 04:29:04 +0000

Thanks for the prompt reply. I would like to know if I can place an entry at 20% nearness to a low in this package. How do I place a stop loss?

Regards

Vivek
India

Re: new methodology

null@example.com (Jar Jar) — Wed, 05 Sep 2007 04:15:27 +0000

The "Donchian Channel" shows the highest High an the lowest Low within a period.

Here FSB opens a long position at the 55 days Low and Closes it at the 55 days High.
The short logic is the same: Open short at High55 and close it at Low55.

The result is a reversible system.

A same direction signal - Does nothing
An opposite direction signal - Does nothing

[Opening point of the position]
Donchian Channel
Enter long at the Down Band
Base price - High & Low
Period - 55
Shift - 0
Use previous bar value - Yes

[Closing point of the position]
Donchian Channel
Exit long at the Up Band
Base price - High & Low
Period - 55
Shift - 0
Use previous bar value - Yes

new methodology

null@example.com (viswadatta) — Wed, 05 Sep 2007 02:47:47 +0000

I want to create a new system having entry points near 55 day low, and exit near 55 day high, how do I do it in forex strategy builder?

Is it possible for me to introduct new variables like 55 day high/low?

Regards

Vivek

India