40/3 Pullback Strategy

Optuma Forums Optuma Scripting 40/3 Pullback Strategy

This topic contains 1 reply, has 2 voices, and was last updated by Darren Darren 4 months, 2 weeks ago.

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    This back test is unique in that the sell signal uses criteria from the buy signal set a profit target and also a stoploss price.I think I am on the way to getting the buy signal correct (it is not correct at the moment).However, the sell signal is defiantly not working.
    A through description of the 40/3 Pullback Strategy starts on page 19 of the attached PDF.

    Note I have used “offsets” in the formula and used the 40 bar high as the datum (i.e. zero offset). Any help is welcome.

    Cheers, Lester

    40/3 Pullback Strategy BUY

    40/3 Pullback Strategy SELL

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    Thanks Lester.

    The best way to build a script is in its component parts as a Show Bar or Show View so you can see they are doing what you expect them to be doing. See this video for more:

    Using the Show Bar tool to verify scripting formulas

    This is quite a complex request and beyond the scope of usual support, but here’s what I came up with for the entry. If you want more help with the sell then we can arrange a scripting consultation, starting at $100 an hour.

    Apply this to a Show Bar and let us know how you go:

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