Dear ALL, Was wondering if someone would write a formula, for intraday trades,as per the following condotions, and the same could be used to backtest.
Buy(long) when the price closes higher than the previous candle, and the previous candle being the first candle of the day. Exit when the close is lower than the close of the previous candle (trailing stop) Sell (short)when the price closes below the close of the previous candle, and the orevious candle being the first candle of the day. Cover when the close of the candle is above the close of the previous candle (trailing stop). This is aimed at taking only the mornin trades. Thanks and Regards Ravi
