Can someone help me to formulate the below strategy.
Buy when day Close is above the Resistance Line.
BuyPrice = Day Close Price;
StopLoss = BuyPrice - Average True Range (14)
Target = BuyPrice + (2*Average True Range (14))
StopLoss or Target is Triggered...
Scope and purpose of this thread is to discuss, backtest and implement pivot based entry-exit-money management and position sizing systems.
To start with, I have coded a system in Amibroker for entry-exit and money management by drawing inspiration from Saint and Karthikmarar...