fxozgirl wrote:Hi Steve,

I hope your weekend was good and you managed to get some R&R

I've been thinking a lot about the re-entry trades and I believe we are still missing out on getting in on some potentially good trades, so I've been doing a lot of chart studying. The basic premise is that we won't be getting a real lot of 'main' trades as the 60 LWMA won't be getting crossed that much (especially once trading volume starts to increase in September), but I expect there will be lots of mini pullbacks in the trend and that's where I want to get back in with the re-entry trades.

So going back to my original re-entry rules (for a Buy trade):

Re-entry:
1. Candle (shift 2) must have closed LOW
2. Candle (shift 1) must close HIGH
3. Sto 5 indicator must be below 20 (shift 2)
4. BE 30 +2, SL 100, JS 50

Then you asked and I answered:

Just to clarify: you mean Candle (shift 2) closed below its open (falling candle) and Candle (shift 1) closed above it open (rising candle)? Yes, this is to re-enter a Buy (opposite for sell)

I think at the time, I got myself a little confused because your question & my answer was the most logical expectation BUT...

I think we need to amend the rule to the following (for a Sell trade):
1. Candle (shift 1) must have closed HIGHER than Candle (shift 0)
2. Candle (shift 2) must have closed HIGHER than candle (shift 1)
3. Sto 5 indicator must be above 80 (shift 2)

So that does not necessarily mean that Candle (shift 2) needs to be a rising candle, it can be a falling candle and still close higher than the open of Candle (shift 1)

EG. Price is trending down, then there is a pullback that lasts perhaps 3 or 4 candles (without crossing back over the 60LWMA), price stalls and then resumes back into the direction of the trend. During this pullback Stochastic goes up above 80. Depending on how deep the pullback has been, it may be that there could be 2 or more falling candles before a trade is triggered.

Opposite for Buys

Please see chart below...I hope it helps a bit more with my explanation and in my opinion this would be a valid re-entry trade but at this stage BASA will not take it.
Let me know what you think

cadjpy.gh4.png

ffxbettor wrote:Small bloop in version 1t ?

In function LookForTradingOpportunities(), in the code looking for a SELL re-entry :

Code: Select all

         //Is this a re-entry?
         if (!MainEntry && AllowReEntry)//See 7
         {
            //~ 1. Candle (shift 1) must have closed HIGHER than Candle (shift 0)
            //~ 2. Candle (shift 2) must have closed HIGHER than candle (shift 1)
            //~ 3. Sto 5 indicator must be above 80 (shift 2)
            //~ 4. Previous candle must close below fast MA
            //~ 5. No open trade.
            //~ 6. Only 1 trade per candle, so no new trade if there is one that opened/closed within the candle
            //~ 7. User must allow re-entry trades.

            if (Close[0] > Bid)//1  <- HERE
 

I think (but I'am not sure) that the last line should be :

Code: Select all

            if (Close[1] > Bid)//1   Close[1] instead of Close[0]

Cheers,
Didier

SteveHopwood wrote:V 1t is in post 1, in response to this pm from Shelley:

fxozgirl wrote:

SteveHopwood wrote:V 1t is in post 1, in response to this pm from Shelley:

Simply stunning Steve...an amazingly quick response

Thanks
Shelley

SteveHopwood wrote:

fxozgirl wrote:

SteveHopwood wrote:V 1t is in post 1, in response to this pm from Shelley:

Simply stunning Steve...an amazingly quick response

Thanks
Shelley

You supply the brains. I will supply the nuts and bolts, then later comers will ensure I am fitting them in the right place.

fxozgirl wrote:You have forged an incredible environment here Steve...something that I hope you & every member here is proud of and recognise...Thanks so much

fxozgirl wrote:
Demo 2a: BASA using ATR for SL
(started 26/08/13), v1s
Main Entry / Re-entry: Both On
MA Stack: On
Trade Stacking: Off
Trade Management: TP 300, JS 40, BE+2 30 ATR for SL: 20, 240, 2
Updated stochastic settings (re-entry trades) - details provided at later date


Demo 2b: BASA using ATR for SL
(started 26/08/13), v1s
Main Entry / Re-entry: Both On
MA Stack: Off
Trade Stacking: Off
Trade Management: TP 300, JS 40, BE+2 30 ATR for SL: 20, 240, 2
Updated stochastic settings (re-entry trades) - details provided at later date