This week we answer questions live and look deeper into Eric’s trading system.
Starting point for EasyLanguage conversion. (Note: if you don’t write code or you don’t have TradeStation, this is just a bonus and not required to benefit from our looking into this strategy)
{Incomplete 9/25/2019}
{Incomplete 9/25/2019}
Inputs:
ATRlookback(30),
FastMA(20),
SlowMA(50);
Vars:
ATR(0),
fast(0),
slow(0),
size(0),
BEtrail(0);
If H - L > 0 then begin
ATR = avgtruerange(atrlookback);
fast = average(c,fastma);
slow = average(c,slowma);
size = 2000/atr;
{entry}
If (c > o and c > ((H-L) * .7 + L) or C > H[1])
And fast > fast[1]
And fast[1] > fast[2]
And (slow > slow[1] or slow - slow[3] > (ATR * -.12))
And c < fast + (ATR * 2.5) And C < slow + (ATR * 3.5) And (C > fast or c > slow)
And fast < (slow + (ATR *2.5)) And c > average(c,200)
Then buy size shares this bar close;
end;
If marketposition = 1 then begin
{1st profit target}
If c > entryprice + (2 * ATR) then sell (currentshares * .25) shares this bar close;
{2nd profit target}
If c > entryprice + (5 * ATR) then sell (currentshares * (1/3)) shares this bar close;
{Big Extension Trailing Stop
If highest(c,5) - lowest(c,5) > (3 * ATR)
Or C - fast > (4 * ATR)
Or C - slow > (8 * ATR)
Or fast - slow > (3 * ATR)
??? not sure how to keep this "true" without resetting
}
Sell next bar entryprice - (3 * ATR) stop;
If highest(C,barssinceentry) > entryprice + (5 * ATR)
then Sell next bar highest(C,barssinceentry) - (1.5 * ATR) stop;
If barssinceentry > 199 then sell this bar close;
end;