It is very Simple , No Scripting or Coding.... Do give it a try!!!
Step 1: Create your Indicator Basket (Choose from ready made indicators or you can create your custom indicators - Will cover Custom Indicators in detail in next Post). You need to add all the indicators in your basket which you plan to use in your Strategy rules and conditions.
Step 2: Create Conditions from Indicators. There are many ready made conditions also available for direct use. Simple condition can be : "Close Price > 50 Day EMA Price" etc.
Please note each condition outcome should be True/False.
Step 3: Create Bullish/Bearish Rules from the conditions created in Step 2.
or e.g Condition1 OR Condition2 etc...
Step 4: The last step is to inform the system what to do if the Bullish/Bearish Rule is met by any of the stocks.
a) Entry Criteria tells the system whether to trade at market price, limit price etc..
We also need to tell the System when to come out of the trade.
a) Exit Criteria can be a combination of Fixed Stop Loss and the Target Price or say a combination of First Target and a trailing Stop loss.
Do let us know your inputs. Check out the free demos on http://www.traderscockpit.com/?pageView=strategylabs
Brent Oil January expiry has jumped over a percent at $ 45.76.
ReplyDeleteCrude Oil December future has also advanced almost a percent at $ 45.75 a barrel.
Natural Gas December delivery has moved down 0.5 percent at $ 2.764.
Crude Intraday Tips