Hi all,
i recently read a few posts here in the forum and learnt about the
function "positionscore".As a non programer i find the forum very usefull.
From those posts i've tried to follow a similar line and test a day trading
system,,,like many of my ideas and notions though it may bare no cash flow.
What i tried to do was look for a break out and then buy the open next day and
sell the close as a true day trade no money down.Here's what i attempted
//Day Trade
positionscore = ROC(c,1) / ROC(C,10); //looking for a big move compared to the
last 2 weeks
Filter = Positionscore and Close > Open; //looking for the biggest move on an
up day.
Buy = Filter;
Buyprice = Open;
Sell = close;
settradedelays = (1,0,0,0); // Explore today trade tomorrow (?)
positionsize = 5000;
addcolumn(positionscore,"score"); //lets me see the score values in an
exploration
//I've got maxtrades set to 1 within settings
When i explore from 18/9/08 to 18/9/08 i get stock abc.asx for example but when
i backtest from 19/9/08 to 19/9/08 i'm not getting the same ticker that i
expected to see traded with the Buy delay set to 1.
If anyone could advise on the above idea i would appreciate the help,,,
i also tried this with no luck,,,,,,,,,,,
positionscore = ROC(C,1) / ROC(C,10);
cond1 = c > o;
longsetup = postionscore and cond1;
filter = ref(longsetup,-1);
buy = filter ;
buyprice = open;
sell = close;
settradedelays = (0,0,0,0);
positionsize = 5000;
addcolumn(positionscore,"score");
