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Gaute
Posted : Tuesday, September 8, 2009 12:20:22 PM
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Joined: 2/15/2008
Posts: 155

I need two rules for backtesting.  One to buy when the price closes above a moving average and one to sell when the price closes below a moving average.  The MA is 8 day.

Question.  Are the standard rules based on price based on the close.  IE:  Price crossing the 8 day.  Does that mean the closing price is crossing the 8 day?

Thanks for all responses.

Bruce_L
Posted : Tuesday, September 8, 2009 12:24:01 PM


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Joined: 10/7/2004
Posts: 65,138
Yes, the standard Drag and Drop Rules are based on the Last or Closing value of an Indicator. You can create a Rule for Price crossing through the Moving Average by Dragging and Dropping Price onto the Moving Average and selecting Crossing Up Through or Crossing Down Through.

Rule Basics

-Bruce
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Gaute
Posted : Tuesday, September 8, 2009 12:28:53 PM
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Joined: 2/15/2008
Posts: 155
That's what I was doing and the "buy signal" seem to be right  on but it didn't sell when the priced closed below the 8 day.  I have it set on 2 bars true and sell next open.
Bruce_L
Posted : Tuesday, September 8, 2009 12:33:52 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
I'm not quite sure I understand the phrase, "set on 2 bars true and sell next open", but Price can't cross up through its Moving Average two bars in a row. It can however be Above its Moving Average for two bars.

-Bruce
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Gaute
Posted : Tuesday, September 8, 2009 12:42:27 PM
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Joined: 2/15/2008
Posts: 155
Thanks, I'll check my settings and get better input for you.
Bruce_L
Posted : Tuesday, September 8, 2009 12:58:29 PM


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Joined: 10/7/2004
Posts: 65,138
You're welcome.

-Bruce
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