Pull back strategy

• 03/24/2020 at 4:31 PM #123162
  claurent

  Hello,

  I would like to build a code which will buy when the price made a pull back of 50% of the current wave.

  I would like to set up manually the top and the bottom of the wave when i launch the strategy but if the price continue rising i would need the code to update the new highest and calculate the new level of 50%.

  I tried this code which is not working properly:

   

  defparam preloadbars=10000 bottom = 19844 originaltop = 19966 hh = highest[barindex](high) IF hh > originaltop THEN top = hh ENDIF IF hh < originaltop THEN top = originaltop ENDIF fib50 = ((top - bottom) / 2) + bottom c1 = low[0] <= fib50 IF c1 AND not onmarket THEN BUY 1 CONTRACT AT MARKET ENDIF

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  defparam preloadbars=10000   bottom = 19844 originaltop = 19966   hh = highest[barindex](high)   IF hh > originaltop THEN top = hh ENDIF   IF hh < originaltop THEN top = originaltop ENDIF   fib50 = ((top - bottom) / 2) + bottom c1 = low[0] <= fib50 IF c1 AND not onmarket THEN BUY 1 CONTRACT AT MARKET ENDIF

  I tried to backtest it with the graphonprice function but the barindex doesn’t take in consideration the exact period of time i want to test and rather takes all the previous data which bring back a wrong value.

  GRAPHONPRICE fib50

  1	GRAPHONPRICE fib50

  I would be very gratefull if someone could help me on this matter.

   

  Thanks a lot

   

  Christophe

   

  

  claurent

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