Support Board
Support Board
Search Board
Control Panel
View My Posts / Threads
Direct MessagesDate/Time: Mon, 16 Sep 2024 19:26:55 +0000
Post From: Long Entry and Short Exit | Short Entry and Long Exit
| [2024-07-09 08:05:54] |
| User471063 - Posts: 7 |
|
Isolated formulas into small sets in the H and mirror values to K and M working correctly. Reversal: Are 1 or 0 entered manually? No, I'm trying to delaying from the formula but it didn't work. In concept set values in the formula like K1 = 0, M1 = 0 delaying to buy or sell signals until next true conditions, but I was wrong.Reversal working outside the formula correct? Reversal settings: Reversal:Yes. Allow Opposite Entry: yes, And Signal Only on Bar Close K and M: Yes, and Cancel all orders on reversal: yes Back testing result: Out of 100 trades 43 trades found auto reversing at worst places. Example test case for NQTV stock. Stop loss was removed to analyze system and logic. 1 parent order: formula triggered correctly at lowest price Long entry at 4.50 RSI < 30. 1.1 Price reached to 7.50 RSI > 70 formula exits successfully. --- 2 Auto reversal was triggered to short entry price dropped 7.20 then price moved to 12.50 2.1 RSI still >70 so formula calculate avg and confirm to exit at 12.50 to take lose. 2.2 Auto reversal kicks again for Long entry at 12.50 (out of formulas control or formula signal was ignored) 2.3 Price dropping to 10.50 take lose 2.4 Auto reversal kicks again to buy entry but price dropping to 8.50 take a lose 2.5 reversal kicks again... If we have some kind of control to prevent auto reversal or auto correction reversal based on the price volume could be very efficient. Reality we could get in short entry at 12.40 and take profit at 8.50 and reduce numbers of trades as well. Is there any settings we can set formula to confirm reversal ? or how to handle these type of situations. I've tried to add more study, add filters, limit profits, stop loss but this need to be done correctly. Do i missed anything? Thanks for amazing support and help Abdul |