• Registered: 2007-09-03
  • Posts: 43

Topic: new methodology

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

2 Reply by Jar Jar

  • Jar Jar
  • Guest

Re: new methodology

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

  • Registered: 2007-09-03
  • Posts: 43

Re: new methodology

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

4 Reply by Jar Jar

  • Jar Jar
  • Guest

Re: new methodology

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

5 Reply by Jar Jar (edited by Jar Jar 2007-09-05 05:45:04)

  • Jar Jar
  • Guest

Re: new methodology

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.