Comment on Code your Technical Analysis strategy

Dinesh commented on 19 Dec 2013, 07:51 PM

I don’t have the Logic for the previous question but here is another strategy.. Could you please let me know if this can be coded.

Step 1:
Buy 1 share at current market price (ex: buy 1 at 100.00)
If 4 points gain then close position if not go to step 2
Step 2:
if 2 points loss then buy 2 more shares at 98.00, this step continues whenever there is a 2 points loss and the order quantity doubles for every level it goes down (ex: buy 2 at 98, buy 4 at 96, buy 8 at 94..)

Exit:
Close all the positions whenever the point goes up 4 points from the last bought level (let’s say the current price is 96 then it has to close all positions if the point reaches 100), and continue to step 1.

Thanks,

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