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At 09:24 PM 12/25/97 -0500, Bob Fulks wrote:
>At 7:41 PM -0500 12/25/97, Perthuis wrote:
>>I am looking for a system or show me that finds the following: If open <
>>close of one bar ago by variable % then buy open and sell close.
>>
>>I see that stocks that gap down on open on bad news usually close up
>>substantially. Does anyone have a system or show-me that uses this idea? I
>>have tried to write this but am new to easy language. Before I get too
>>frustrated I thought I would try here.
>>
>>Thanks
>
>
>
>This is a little tricky as EasyLanguage will not allow you to use an
>ExitLong on Close in the same system as an entry based upon the open of
>next bar. But you can fool it by putting the exit in a separate system.
>
>The attached code works and seems to be profitable much of the time. You
>might like to include stops...
>
>Bob Fulks
>
>{*****************************************
>System: Gap Down
>
>Coded by: Bob Fulks
>*****************************************}
>
>Input: GapSzPct(4);
>
>if Open of next bar < Close * (1 - GapSzPct / 100) then
> Buy next bar at market;
>
>IncludeSystem:"ExitLong on Close";
>
>
>
>
>{*****************************************
>System: ExitLong on Close
>
>Coded by: Bob Fulks
>*****************************************}
>
>ExitLong on Close;
>
>
>--
>Bob Fulks
>bfulks@xxxxxxxxxxx
Hello!
Do you trade only this system when bad news day arise? Or can be used
everyday?
_________________________________________________________
Warm Regards!
Visavis
Visavis@xxxxxxx
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