Comment on algoZ- a simple example

Hanan commented on 07 Oct 2013, 12:26 PM

We don’t have ATP as a vector in our system so this won’t be possible.

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

We don’t have ATP as a vector in our system so this won’t be possible.
EXIT – JUST ABOVE LAST 30 MINUTES HIGH .Does not support multiple time frames, so if buy is on 5 minute, exit will also work on 5 minutes. For exit to work on 30 minutes, buy/ sell should also be 30 minutes.

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.

Pivot/ support/ resistance are usually calculated based on daily data, whereas the strategy will be applied on 5 minutes, so this is not possible currently.

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