| tomferd |
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Gold User, Member, Platinum User, TeleChart
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| Monday, October 22, 2007 |
| Tuesday, February 21, 2012 5:01:05 PM |
47
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Hi Bruce,
Thank you very much for yur help. I now understand the parameters of the crossing up. I'll try using Real Code, just for laughs (or practice!)
Tom
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On a daily chart for WPI (Watson Pharmaceuticals) I have the Simple Moving Average set to 25, slider all the way up, "Crossing Up through MovAvg (CROSSING), True 1 of 1 Bars". The chart shows positive for January 22, 2009 but not for Jan 23, which also crossed up thru the 25 day moving average. It also misses December 12, 2008.
Thanks again for your help.
Tom Ferderbar
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I created a rule in the "add rule" button to have an indication on the chart on the day that the pricd history crosses up thru the moving average...in this case 25 days on the daily chart. I get an indication on probably 80 to 90% of the crossovers, but not all. For example, if the price history opens below the 25 day moving average, but crosses up thru it on that day, and closes above the 25 day moving average, I get an indication most of the time but not all the time. Hence, in using the back scanner to find possible trades, it misses those opportunities. I see candles looking identical, which DO have positive indication, but why not all?
Thanks in advance from Tom Ferderbar
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How do I continue a real code line on another line, so that it doesn't become too long on one line?
Thanks much from Tom Ferderbar
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You are correct - I do this to keep you on your toes!! Actually, I forgot that I had the progrm set to buy at the close of the day that my entry signals turned positeve. I think I get it now - Since I bought at close,, it still used that day's high and low in its calculations, but couldn't use them until the next day, and so exited the after it DID use the calcualtions. I am not as good simplifying things as you are, but I think I understand the process now. I did just now SHARE it if you want to look at the chart. the trade is the one in blue.
Tom
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I see - I bought it at close on the 9th, but the program still looks at that day's figures in determining the 6% trailing stop, I suppose. But, since I have the trailing stop to exit at open of the NEXT day (which would be the 10th), it really can't do that calculation because it somehow has to use the 9th as the day at which the stop could be recorded (or something like that?) and hence, exits on the 11th. I had been looking at the 10th for the 6% trailing stop to have been broken, since the exit is set to the o pen of the next day. Anyyways, I think I understand it better now. Thanks for your wonderful, short, and accurate explanations. Wish I could do the same. Tokm F.
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Thanks, Bruce. Using BackScanner, I "buy" AFAM at open on 7/9/08. The only exit I have in my rules is to exit at a trailing stop of 6% on open of the next day. It rises to a high of 28.22 on 7/9/08, and the low of that day is 27.30. I have the BackScanner trailing stop set to 6.00%, so it did not drop 6% that day (it would have had to drop to 26.526 that day and the day's low was 27.30), yet it exited at the open of the next day ($27.84). I'm sure the computer is correct and I am wrong, but what is wrong with my thinking that I should still be in the trade? Thanks again from Tom
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Sorry, I am using the BackScanner program for these calculations!! Tom Ferderbar
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I'm having a problem figuring how the trailing stop is calculated. Is it based on the close of a day, or the high of a day? If I use a trailing stop of 5% and set the program to exit at open of the next day, I can never get close to the 5% calculation, no matter what I base it on. So, in my roundabout way I am asking - is it based upon the close of a given high close day * 5% retracement AND the close following the high close day, or if the price passes thru the 5% retracement and closes above the 5% retracement anyways? Sorry, I don't know how to ask the question any simpler. Thanks from Tom Ferderbar
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Now I get the idea!! Tell the program when to get out, before I tell it how to get in.
One more question - is there a way to make the dark gray bars which show when a trade is/was active, any lighter?
And, thanks again for all the help.
Tom Ferderbar
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