Back test efs for Strategy to not take signals

[charttrader]

I am trying to work out the back testing formula code for situation(s) where no signals are to be taken i.e. take no strategy action to go long or short – stay flat – do not do anything.

The scenario is as follows. I have two moving averages as a band (or envelope) say an eight period MA of the highs and a ten period MA of the lows. When the price bars are inside (between) the MA channels no trades are to be initiated – period. This will be the case irrespective of whatever is exhibited by any indicators.

How do I code the back test efs to not take any trading action and stay flat?

I have spent many hours searching through the forum but cannot see anything on this.

Can someone please help me.

Robert

[ACM]

Re: Back test efs for Strategy to not take signals

Robert
One way is to first create a variable that contains the condition in which you want the trades to be executed eg
var myCondition = (High > UpperBand || Low < LowerBand);
Then enclose all your strategy in a conditional statement that checks is myCondition is true eg
if(myCondition){
write your strategy here
}
The strategy will execute only if the main condition is true ie either the High or the Low of a bar are outside of the bands.
Hope this helps
Alex

Originally posted by charttrader
I am trying to work out the back testing formula code for situation(s) where no signals are to be taken i.e. take no strategy action to go long or short – stay flat – do not do anything.

The scenario is as follows. I have two moving averages as a band (or envelope) say an eight period MA of the highs and a ten period MA of the lows. When the price bars are inside (between) the MA channels no trades are to be initiated – period. This will be the case irrespective of whatever is exhibited by any indicators.

How do I code the back test efs to not take any trading action and stay flat?

I have spent many hours searching through the forum but cannot see anything on this.

Can someone please help me.

Robert

[charttrader]

Alexis

Thanks for your quick response. You are a real life saver.

I will incorporate your advice in my code.

Best wishes and regards

Robert

[ACM]

Robert
You are most welcome
Alex

Originally posted by charttrader
Alexis

Thanks for your quick response. You are a real life saver.

I will incorporate your advice in my code.

Best wishes and regards

Robert