• Paul
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  • Registered: 2010-08-18
  • Posts: 3

Topic: How to?

Hi - I'm wanting to develop a simple stategy that enters a trade at a specific time of day using the hourly chart.
It looks at the close of the candle 5 hours earlier and compares it with the opening of the candle 29 hours earlier. If the close is higher, go long - if the close is lower, go short.
Is it possible to do this with the Strategey Builder?

Thanks for your help.

  • Registered: 2010-04-26
  • Posts: 185

Re: How to?

It won't help publishing the same question twice.

  • Paul
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  • Registered: 2010-08-18
  • Posts: 3

Re: How to?

Sorry  smile

  • Popov
  • Popov
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  • From: Bulgaria
  • Registered: 2006-11-30
  • Posts: 7,885

Re: How to?

You can specify the entry time by using Entry Hour indicator.

For Close5 > Close29 you can use Oscillator of Momentum.
Mom5 = Close - Close5;
Mom29 = Close - Close29;

Close - Mom5 > Close - Mom29;
Mom5 < Mom29;
Oscillator of Momentum (5, 29) is lower tha zero.

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