strategy coding
I'm not sure how to even code my trading. I have written about 200 strategies but this one is so hard to reduce to a formula. For instance, I will trade gold off of the petroleum stocks report if there has been a sufficient run (measured by rsi) and has had a pullback. I look at the longer term charts and determine where the underfunded accounts have their stops and where those that have good profits would exit. If they coincide then I will place my order. I also use tick volume for a filter before placing trades.(in futures). I will use size of range in the forex as a pseudo-indicator for volume. That is only 1 example of many that give a set-up. Then the exits are variable depending on how the market reacts when it hits my entry price. I generally place a breakeven order in when only 50-100 ahead and if it doesn't slide through the price with some volotility I'll just take the pop. If it moves well initially I'll trail it with pivot points and exit on a blowout in my direction for a good profit. I also use support/resistance levels intergrated with all this abiguity. I'm not even able to clearly define every entry, let alone code it. I just know out of 17 days traded I had one losing day of $200 and made $2050 that can be traded on a 5k account. I trade with the trend many times but prefer to trade a rejection of a continuation as that is usually a trap for inexperienced traders and a good profit point for the profitable ones. I have probably rambled on enough but as you see the plan is somewhat incoherent, but profitable.
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