Comment on Code your Technical Analysis strategy

GIREESHBABU commented on 04 Oct 2013, 05:53 AM

SIR ,

I WANT TO CODE THE BELOW SYSTEM :-

INTRADAY SYSTEM – 1

TURNING POINT = (Previous Close+Open+ATP)/3

BUY – IF 5 MINUTE TIME FRAME CANDLE CLOSE ABOVE TURNING POINT , THEN PLACE BUY ORDER JUST ABOVE THE LAST 5 MINUTE CANDLE HIGH .

EXIT – JUST BELOW LAST 30 MINUTES LOW .

SELL – IF 5 MINUTE TIME FRAME CANDLE CLOSE BELOW TURNING POINT , THEN PLACE SELL ORDER JUST BELOW THE LAST 5 MINUTE CANDLE LOW.

EXIT – JUST ABOVE LAST 30 MINUTES HIGH .

INTRADAY SYSTEM – 2

BUY – IF 5 MINUTE TIME FRAME CANDLE CLOSE ABOVE PIVOT POINT . THEN PLACE BUY ORDER JUST ABOVE THE LAST 5 MINUTES CANDLE HIGH .

EXIT – IF 5 MINUTE CANDLE CLOSE BELOW LAST SUPPORT LEVEL.

SELL – IF 5 MINUTE TIME FRAME CANDLE CLOSE BELOW PIVOT POINT . HEN PLACE SELL ORDER JUST BELOW THE LAST 5 MINUTE CANDLE LOW.

EXIT – IF 5 MINUTE CANDLE CLOSE ABOVE LAST RESISTANCE LEVEL.

THANKS IN ADVANCE

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