Create and Test Forex Strategies
You are not logged in. Please login or register.
Forex Software → Technical Indicators → Simple Price Action
I am looking to do some simple price action strategies. Is it possible to go long at the previous close plus a vertical shift of say 10 pips? The indicator "Previous Bar Close" is the nearest I can find to what I need but it doesn't include the ability to add a vertical shift. "Previous High Low" has the vertical shift but not the Close in the logic.
You can use Steady Bands. That's a MA +- Margin in pips. Setting period of 1 and Close price makes it behave like Close +- Margin.
That works fine, thanks!
I would continue this issue and ask how to build a strategy where:
I want to add position when price moves up let's say 50 pips but calculating 50 pips from last order. At the same point I would reduce a profitable position not closing all of open them. I do not want to average the profit as it is by using break even.
thanks in advance
CAmir
Interesting. I am also having the same plan, but must open an order when the price move 5 pips away from the opening. How do I do that?
I am a new user of the FSB and I am really enjoying the convenience of working with him.
Tried this strategy that Popov posted in photo, but the graphics are showing in perch. Where am I wrong?
Here is the screenshot of my result.
Even more and look forward to return!
(Note: I could not post the image here so I posted the link to the image.)
http://s12.postimage.org/niusid1rh/Steady_Bands.jpg
Interesting. I am also having the same plan, but must open an order when the price move 5 pips away from the opening. How do I do that?
Try Price Move indi.
As for the second question it depends what kind of closing indis are used, and timeframe is also important.
Forex Software → Technical Indicators → Simple Price Action
Powered by PunBB, supported by Informer Technologies, Inc.