Back testing formula

[premiere4]

Hello,

I have a formula I put together using the Wizard, however; I think it's only a good start. I don't know how to add or use properly the Strategy including Limits and Stops and all that.

I have included my file and look for assistance in finishing it, so that I can use the back testing feature and see how successful it would be.

In my formula, it only triggers the entry, and I need to add an exit for the back testing to work I'm sure. Here is what I would like to add to start.

Long: if 3 EMA(close) > 89 SMA (high)
Exit Long: if 3 EMA(close) < 15 SMA (close) for profit
Or 3 EMA(close) < 89 SMA (low) for loss

Short: if 3 EMA(close) < 89 SMA (low)
Exit Short: 3 EMA(close) > 15 SMA (close)
Or 3 EMA(close) < 89 SMA (high) for loss


I have half of this done already but I would love for someone to help me finish it up. The main thing I'm trying to accomplish is to back test this formula.



Thanks.

[ACM]

premiere4
The attached efs should do what you asked.
It was programmed using only the Formula Wizard which you can use to view/edit the script.
Alex

[premiere4]

Not sure what happen, I appreciate you getting me this help so quickly but it seems like there could be a flaw somewhere in my formula.

Looking visually, I can tell that I would be profitable yet it's coming out totally opposite in the backtesting portion.


Let me give the specs again and see what we need to adjust in that formula:

Enter Long: 3 EMA > 89 SMA (High) Only enter once, initially when it crosses over.

Stop: 3 EMA < 89 SMA (Low) This is in minimize loss in case it turns right around
Limit: 3 EMA < 15 SMA (Close) This is only once position is profitable




Enter Short: 3 EMA < 89 SMA (Low) Only enter once, initially when it crosses over.

Stop: 3 EMA > 89 SMA (High) This is in minimize loss
Limit: 3 EMA > 15 SMA (Close) This is only once it's profitable



Perhaps you can help me with this again Alex.

Thank you in advance.

[ACM]

premiere4
Try the attached revision of the efs.
Alex