Topic: TOP BOTTOM PRICE

The source code page of technical indicators in FSB does not seem to include the TOP BOTTOM PRICE indicator, why? I find that this particular indicator appears very stable and yes, I am not using a STOP LOSS, though I have used CLOSE on this strategy as you have suggested. Also, thank you for your comments on my last strategy I posted to the forum.



_______________________




Market: EURUSD 5 Minutes
Spread: 2 pips
Swap Long: 1.58 pips
Swap Short: -1.58 pips
Slippage: 0 pips

Maximum open lots: 20
Entry lots: 1
Adding lots: 1
Reducing lots: 1

Intrabar scanning: Not accomplished
Interpolation method: Pessimistic scenario
Ambiguous bars: 0
Tested bars: 19997
Balance: 31853 pips
Minimum account: 0 pips
Maximum drawdown: 1852 pips
Time in position: 99 %

A same direction signal - Adds to the position
An opposite direction signal - Closes the position
Permanent Stop Loss - None

[Opening point of the position]
Top Bottom Price
     Enter long at the bottom price
     Base price  -  High & Low
     Base period  -  Previous week
     Price shift  -  10

[Opening logic condition]
Accumulation Distribution
     The AD rises
     Use previous bar value  -  Yes

[Closing point of the position]
Top Bottom Price
     Exit long at the top price
     Base price  -  High & Low
     Base period  -  Previous week
     Price shift  -  50

My birth was not earned, though with every choice I spend my life and what about the favor of death I found without any particular effort, Thank You ! ! !

Re: TOP BOTTOM PRICE

Can I use a STOP LOSS and CLOSE together?


_____________________



Market: EURUSD 5 Minutes
Spread: 2 pips
Swap Long: 1.58 pips
Swap Short: -1.58 pips
Slippage: 0 pips

Maximum open lots: 20
Entry lots: 1
Adding lots: 1
Reducing lots: 1

Intrabar scanning: Not accomplished
Interpolation method: Pessimistic scenario
Ambiguous bars: 0
Tested bars: 19997
Balance: 31943 pips
Minimum account: -1107 pips
Maximum drawdown: 3522 pips
Time in position: 75 %

A same direction signal - Adds to the position
An opposite direction signal - Closes the position
Permanent Stop Loss - -100

[Opening point of the position]
Top Bottom Price
     Enter long at the bottom price
     Base price  -  High & Low
     Base period  -  Previous week
     Price shift  -  10

[Opening logic condition]
Accumulation Distribution
     The AD rises
     Use previous bar value  -  Yes

[Closing point of the position]
Top Bottom Price
     Exit long at the top price
     Base price  -  High & Low
     Base period  -  Previous week
     Price shift  -  50

My birth was not earned, though with every choice I spend my life and what about the favor of death I found without any particular effort, Thank You ! ! !

Re: TOP BOTTOM PRICE

The source code page of technical indicators in FSB does not seem to include the TOP BOTTOM PRICE indicator, why?

"Top Bottom Price" is exactly that. The highest and the lowest price of a previous period - bar, day, week or month. In addition you can a price shift which widens or narrows the top/bottom range. this "indicator" doesn't include any special calculations.

Can I use a STOP LOSS and CLOSE together?

[Closing point of the position]
Stop Limit
     Exit at the Stop Loss or the Take Profit level
     Stop Loss  -  -20
     Take Profit  -  20

Re: TOP BOTTOM PRICE

I am wondering if anyone has used this approach or forward tested it.

Looks like simplicity and perhaps very profitable.

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....