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Hello to all forum members,
today I would like to share with you a trading tool I created for my own discretionary trading.
It is a very simple but complete tool.
I think it can be useful as an example or a starting point for new EFS users.
What you have to do is to study the chart to find a reversal or a breakout point that can be used as a good entry point.
/*
Trading Tool provided by Massimo Rizzi ([email protected]).
Use it on Paper Trading Mode or Tick Replay Mode. Use It at your own risk.
Tested on version 10.6 - I do not use version 11 !!!
_______________________________________________
You can choose both the number of shares that the amount of money to trade.
You can start from a flat position or from a long/short position if you are already in trade.
First you must choose a Reverse Line that is a price level that you think to be a key reversal point.
With a left mouse click on plus and minus buttons you can adjust Reverse Line price.
With a double left mouse click on Immediate/Wait Mode button you can choose if you want to enter immediately in trade
or if you want to wait that price touches Reverse Line.
With a double left mouse click on Reverse/Stop Mode button you can choose if to reverse your position at Reverse Line
or if you want simply to stop your position.
With a double left mouse click on Long/Short Direction button you can choose in wich direction you want to trade.
With a double left mouse click on Start button you start trading.
If you have a good trailing stop strategy with a double left mouse click on TS On/Off button you can start or stop trailing stop of Reverse Line.
Or if you want with the TP On/Off button you can activate a take profit strategy. You can adjust take profit value with right or left mouse clicks on % button.
You can decide to reverse your trading position too, with a double left mouse click on Reverse button
or to stop your position with a double left mouse click on Stop button.
I usually run this efs on a fast timeframe: 1 minute for example.
*/
function preMain() {
setStudyTitle("MRT RevLine");
setPriceStudy(true);
setShowCursorLabel(false);
setShowTitleParameters(false);
var fp1 = new FunctionParameter("nQuantity", FunctionParameter.NUMBER);
fp1.setName("Quantity Of Shares");
fp1.setLowerLimit(0);
fp1.setDefault(0);
var fp2 = new FunctionParameter("nEuro", FunctionParameter.NUMBER);
fp2.setName("Ammount Cash");
fp2.setLowerLimit(0);
fp2.setDefault(0);
.......
today I would like to share with you a trading tool I created for my own discretionary trading.
It is a very simple but complete tool.
I think it can be useful as an example or a starting point for new EFS users.
What you have to do is to study the chart to find a reversal or a breakout point that can be used as a good entry point.
/*
Trading Tool provided by Massimo Rizzi ([email protected]).
Use it on Paper Trading Mode or Tick Replay Mode. Use It at your own risk.
Tested on version 10.6 - I do not use version 11 !!!
_______________________________________________
You can choose both the number of shares that the amount of money to trade.
You can start from a flat position or from a long/short position if you are already in trade.
First you must choose a Reverse Line that is a price level that you think to be a key reversal point.
With a left mouse click on plus and minus buttons you can adjust Reverse Line price.
With a double left mouse click on Immediate/Wait Mode button you can choose if you want to enter immediately in trade
or if you want to wait that price touches Reverse Line.
With a double left mouse click on Reverse/Stop Mode button you can choose if to reverse your position at Reverse Line
or if you want simply to stop your position.
With a double left mouse click on Long/Short Direction button you can choose in wich direction you want to trade.
With a double left mouse click on Start button you start trading.
If you have a good trailing stop strategy with a double left mouse click on TS On/Off button you can start or stop trailing stop of Reverse Line.
Or if you want with the TP On/Off button you can activate a take profit strategy. You can adjust take profit value with right or left mouse clicks on % button.
You can decide to reverse your trading position too, with a double left mouse click on Reverse button
or to stop your position with a double left mouse click on Stop button.
I usually run this efs on a fast timeframe: 1 minute for example.
*/
function preMain() {
setStudyTitle("MRT RevLine");
setPriceStudy(true);
setShowCursorLabel(false);
setShowTitleParameters(false);
var fp1 = new FunctionParameter("nQuantity", FunctionParameter.NUMBER);
fp1.setName("Quantity Of Shares");
fp1.setLowerLimit(0);
fp1.setDefault(0);
var fp2 = new FunctionParameter("nEuro", FunctionParameter.NUMBER);
fp2.setName("Ammount Cash");
fp2.setLowerLimit(0);
fp2.setDefault(0);
.......