Announcement

Collapse
No announcement yet.

1-2-3 Reversal Strategy

Collapse
This topic is closed.
X
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • 1-2-3 Reversal Strategy

    File Name: 1-2-3ReversalStrategy.efs

    Description:
    1-2-3 Reversal Strategy

    Formula Parameters:
    KLength: 14
    KSmoothing: 1
    DLength: 3


    Notes:
    This System was created from the Book "How I Tripled My Money In The
    Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.

    The strategy buys at market, if close price is higher than the previous close
    during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
    The strategy sells at market, if close price is lower than the previous close price
    during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.


    Download File:
    1-2-3ReversalStrategy.efs



    EFS Code:
    PHP Code:
    /*********************************
    Provided By:  

        eSignal (Copyright c eSignal), a division of Interactive Data 
        Corporation. 2008. All rights reserved. This sample eSignal 
        Formula Script (EFS) is for educational purposes only and may be 
        modified and saved under a new file name.  eSignal is not responsible
        for the functionality once modified.  eSignal reserves the right 
        to modify and overwrite this EFS file with each new release.

    Description:        

        1-2-3 Reversal Strategy

    Version:            1.0  09/24/2008

    Notes:

        This System was created from the Book "How I Tripled My Money In The 
        Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
        
        The strategy buys at market, if close price is higher than the previous close 
        during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50. 
        The strategy sells at market, if close price is lower than the previous close price 
        during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.

    Formula Parameters:                     Default:

        KLength                              14
        KSmoothing                            1
        DLength                               3

    **********************************/

    var fpArray = new Array();

    function 
    preMain() {

        
    setPriceStudy(true);
        
    setStudyTitle("1-2-3 Reversal Strategy");
        
    setShowCursorLabel(false);
        
    setColorPriceBars(true);
        
    setDefaultPriceBarColor(Color.black);

        var 
    x=0;

        
    fpArray[x] = new FunctionParameter("KLength"FunctionParameter.NUMBER);
        
    with(fpArray[x++]) {
            
    setLowerLimit(1);  
            
    setDefault(14);
        }

        
    fpArray[x] = new FunctionParameter("KSmoothing"FunctionParameter.NUMBER);
        
    with(fpArray[x++]) {
            
    setLowerLimit(1);  
            
    setDefault(1);
        }

        
    fpArray[x] = new FunctionParameter("DLength"FunctionParameter.NUMBER);
        
    with(fpArray[x++]) {
            
    setLowerLimit(1);  
            
    setDefault(3);
        }
    }



    var 
    bInit false;

    var 
    xStochK null;
    var 
    xStochD null;

    function 
    main(KLengthKSmoothingDLength) {

        if(
    bInit == false) {
            
    xStochK stochK(KLengthKSmoothingDLength);
            
    xStochD stochD(KLengthKSmoothingDLength);
            
    bInit true;
        }

        var 
    nStochK xStochK.getValue(0);
        var 
    nStochD xStochD.getValue(0);

        if(
    nStochK == null || nStochD == null) return;

        if(
    getCurrentBarIndex()==0) return;

        if(!
    Strategy.isLong()) {

            if(
    close(-2) < close(-1) && close(0) > close(-1) && nStochK nStochD && nStochK 50)
                
    Strategy.doLong("Long"Strategy.CLOSEStrategy.THISBAR);
        }

        if(!
    Strategy.isShort()) {
            if(
    close(-2) > close(-1) && close(0) < close(-1) && nStochK nStochD && nStochD 50)
                
    Strategy.doShort("Short"Strategy.CLOSEStrategy.THISBAR);
        }

        if(
    Strategy.isLong())
            
    setPriceBarColor(Color.lime);
        else if(
    Strategy.isShort())
            
    setPriceBarColor(Color.red);

        return;

Working...
X