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Getting started with a SIMPLE strategy

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    Getting started with a SIMPLE strategy

    Hello and thanks in advance for helping a rookie.

    I would like to test a strategy for use on a single stock that would:

    A. Enter a long position upon a move of 1.75% above the low since the last action.

    B. Exit that position if the stock falls 2.5% off of the high.

    Then the cycle starts over again.

    To illustrate:

    Strategy starts April 1st with the stock at $100. It moves up to $101.75 which would trigger the entry of a long position. The stock continues over the next 10 days to rise to $115 (without correcting more than 2.5% at any time off of the high) and then finally moves down to $112.12 (a 2.5% correction). This would trigger the exit from the position.

    As soon as the stock moves back up 1.75% from any new low that was created, the cycle starts again.

    Can I do this?

    Thanks again for your help.

    Pete
    Last edited by pmginvest; 04-24-2010, 01:59 PM. Reason: Error

    #2
    Hello,

    You would need to program this with custom NinjaScript programming:
    http://www.ninjatrader-support.com/H...verview17.html
    DenNinjaTrader Customer Service

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