Envelopes Strategy

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Envelopes Strategy

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elvin

Posted 11/7/2009 8:11:07 PM

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Thank you, scriptor!
No need to answer anymore Smile

Stone, you can output almost any information in the log. I am not a professional either. Just look through the manual, it is quite comprehensible.

Post #220

frad

Posted 11/8/2009 8:14:09 AM

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Can this strategy close positions? As I understood from the script, you did not place stops or limits?

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Frank Adkins

Post #221

elvin

Posted 11/8/2009 1:17:58 PM

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I did not place them, although it is not difficult to do. Perhaps this strategy still has to be edited. It uses only one chart and only one indicator. Smile

But it does work! So I decided to show it to everyone else to receive any comments.

Post #222

bguguen

Posted 12/18/2009 3:34:55 PM

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i was wondering if anyone knows how to add close position to your script, not to say your script is bad... im actually using it to place really really Good profit positions! but then i think im always in a disadvantage cuz i found out i have to manually close positions and from time to time i couldve made more if i waited longer to close manually... so when can someone make this script close position automatically??

Post #630

elvin

Posted 12/19/2009 4:27:12 AM

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Hello bguguen,
I have already edited this strategy, just have not posted the complete version. What logic do you need for closing positions? Would you like to use stops a limits, or close the position when an opposite signal is received?

Post #631

bguguen

Posted 12/19/2009 5:22:50 AM

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well, obviously im still quite a rookie in this field, but would it make sense if i say that the best way to close position is when an open position to Buy goes Above blue line to make a profit, then drops down to the level of the blue line it closes the position...

same applies when an open position to sell is on... when the curve goes beyond the redline then comes back up to the redline it closes the position...

see i clearly dont really know whats beneficial for me... would you have any suggestions??

Post #632

elvin

Posted 12/20/2009 5:53:17 PM

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Alright, I understand :-) That's easy. Hold on for a short while...

Post #634

elvin

Posted 12/20/2009 6:10:14 PM

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Try this one. It opens buy positions at the same time when it closes sell, and vice versa (sounds like it's the same as the logic that you have described). If this doesn't fit, let me know, I will try to include stops/limits.