Let's say that I've got an indicator. And I'm trying to scale into positions as that indicator drops from 20 to 15 to 5.
I want to buy initially below 20, and then scale in again if the indicator breaks 15, 10 and 5. Here's the code I have so far: Buy = IIf(BuySignal1 OR BuySignal2 OR BuySignal3,sigScaleIn,0); >From this, I get the following: Day 1 - the indicator is at 25. Day 2 - the indicator is at 19. Day 3 - Buy the open. Indicator is at 17. Day 4 - ScaleIn position. Indicator is at 14. Day 5 - ScaleIn position. Indicator is at 40. Day 6 - Exit trade. Now, what I wanted to do is a bit different. I'll pick it up at Day 3 (this is my simulation of what I'm trying to do): Day 3 - Buy the open. Indicator is at 17. Day 4 - No buy until it breaks the next level (15). Indicator is at 14. Day 5 - ScaleIn position. Indicator is at 30. Day 6 - Exit trade. Can anyone explain how I would do this? Any help greatly appreciated.
