: Forum Coding for first pullback after price crossed MA50

06/13/2019 at 11:36 PM #100602

robertogozzi

This is very basic:

DEFPARAM CumulateOrders = false
MinLookBack =  2           //2  crossing must have occured at least these bars before PullBack
MaxLookBack =  17          //17 crossing must have occured at most  these bars before PullBack
MA50 = average[50,1](close)//50,1
x = close crosses over ma50
IF x OR (close > MA50 AND low < MA50) THEN //when a pullback occurs...
   IF summation[MinLookBack](x[1]) = 0 THEN
      IF summation[MaxLookBack](x[MinLookBack + 1]) AND Not OnMarket AND close > open THEN
         BUY 1 CONTRACT AT MARKET
         SET STOP   pLOSS   50    //50
         SET TARGET pPROFIT 300   //300
      ENDIF
   ENDIF
ENDIF

DEFPARAM CumulateOrders = false

MinLookBack = 2 //2 crossing must have occured at least these bars before PullBack

MaxLookBack = 17 //17 crossing must have occured at most these bars before PullBack

MA50 = average[50,1](close)//50,1

x = close crosses over ma50

IF x OR (close > MA50 AND low < MA50) THEN //when a pullback occurs...

IF summation[MinLookBack](x[1]) = 0 THEN

IF summation[MaxLookBack](x[MinLookBack + 1]) AND Not OnMarket AND close > open THEN

BUY 1 CONTRACT AT MARKET

SET STOP pLOSS 50 //50

SET TARGET pPROFIT 300 //300

ENDIF

When it detects a crossover it is interpreted as a crossover due to pullback if there has been a previous crossover AT LEAST min candles before and AT MOST max candles before.

robertogozzi

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