EMA cross Reversal

• 07/08/2016 at 4:31 PM #10323
  wolf

  Hi, I have a trading system that depends on different length EMAs. I would like any tips on how I can make it so after the EMAs cross, when it would normally go short it will go long. I would like it if this only  happens once, therefore It’s not going backwards and forwards in future crosses.

  I have a picture of the scenario I’m talking about here: https://gyazo.com/7ed5bc84341c790d0fb7834b1d7aecfa

  I also would like too know if there is a way through coding, to stop the system from trading when a take profit is hit, so if you have any ideas, any help would be greatly appreciated.

  Thanks

  Wolf

  defparam preloadbars = 15 defparam CUMULATEORDERS = false indicator1 = ExponentialAverage[20](close) indicator2 = ExponentialAverage[100](close) //buy condition cBuy = (high CROSSES OVER indicator1) //sell condition cSell = (indicator2 CROSSES Over indicator1) or (indicator1 Crosses Over Indicator2) set target $profit 500 If cbuy then sellshort 33 perpoint at market endif If csell then exitshort at market endif if csell then buy 33 perpoint at market endif if cbuy then sell at market endif

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  defparam preloadbars = 15 defparam CUMULATEORDERS = false     indicator1 = ExponentialAverage[20](close) indicator2 = ExponentialAverage[100](close)     //buy condition cBuy = (high CROSSES OVER indicator1)   //sell condition cSell = (indicator2 CROSSES Over indicator1) or (indicator1 Crosses Over Indicator2)       set target $profit 500   If cbuy then sellshort 33 perpoint at market endif   If csell then exitshort at market endif   if csell then buy 33 perpoint at market endif   if cbuy then sell at market endif

   

  

  wolf

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  08/12/2016 at 2:06 PM #11617
  Nicolas

  Hi wolf, sorry for delay about answer to your question. I don’t understand well what is your request here? Do you want to go Long after a bad Short trade directly?

  

  Nicolas

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  08/12/2016 at 2:41 PM #11623
  Derek

  Hi Wolf!

  Concerning your second question, you can use the “strategyprofit”.

  Something like this should do the job:

  IF STRATEGYPROFIT < -500 THEN QUIT ENDIF

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  IF STRATEGYPROFIT < -500 THEN QUIT ENDIF

   

  

  Derek

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