Topic: enter long at ............ short position?
indicator shows enter long at "something" but how come there is short position?
and how come there is no enter short at "something"
are short positions opposite of long settings?
many thanks
- footon
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Re: enter long at ............ short position?
Well, lets look up the FSB guide.
FSB Guide wrote:
Firstly, note that only the logic for the long positions is input in the indicator slots. You don't need (and you are not able) to input the logic for the short positions. Forex Strategy Builder does it automatically. For example, if you want to open a long position when the market price has reached the upper Bollinger Band and a short one at the lower band, it is enough to choose Bollinger Bands with “Enter long at the Upper Band” logic. This is sufficient for the program to perform the requested logic in both directions. Forex Strategy Builder always performs what we have set in the long position slots and automatically determines the mirror logic for the short position.
Re: enter long at ............ short position?
that is a handy feature for some indicators.... but what about setting levels? Say you want longs for RSI @ 65. Now it will take shorts below 65? How do I stop this?
- footon
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Re: enter long at ............ short position?
Thresh0ld wrote:
that is a handy feature for some indicators.... but what about setting levels? Say you want longs for RSI @ 65. Now it will take shorts below 65? How do I stop this?
No, it will take shorts at 100-65=35
If you do want to stop something or make 1-direction trades only, then there's Long or Short indicator.
- footon
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Re: enter long at ............ short position?
Coming back to your example, if it is upward cross for long, mirrored short will be downward cross and vice versa.
Re: enter long at ............ short position?
Very good! Thank you!
- footon
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Re: enter long at ............ short position?
You're welcome! 