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Problem with a simple rule

2 replies [Last post]
Tue, 04/19/2011 - 14:59
randyh
randyh's picture
User offline. Last seen 44 weeks 46 min ago. Offline
Joined: 04/19/2011
Groups: None

Hello,

I'm trying to implement a simple rule to test using EUR/USD hourly data:

Rule Type: Long Entry Rule
Rule Family: Use the value of a line
Rule Descr: Line 1 is above X
Group: Group1
Line 1 Family: MACD
Line 1 Indicator: MACD
Calculated using the: Close
Other Settings: Value to be above 0.00090

Then a Long Entry Value:
Value Type: Long Entry Values
Family: Bar Values
Indicator: Close

This rule executes successfully but no trades registered - yet looking at the output i can see there should have been trades.  There must be something simple that i'm missing here.  I've tried it with other basic indicators (RSI, Moving Average with line above x, etc) and they all show no trades.


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Wed, 04/20/2011 - 21:36
#1
sharky
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User offline. Last seen 2 weeks 4 days ago. Offline
Joined: 03/06/2009
Groups: ATM Wiki, MLRB, Sharky's Golden Group
Easy one (hopefully). You

Easy one (hopefully). You have only defined entry rules and values. But that is not the minimum required of a "trading system". You also need an Initial Stop Loss Value, otherwise this software will not place trades. If you do not agree with the whole concept of stop losses, you can always set the stop loss ridiculously far away from the entry to make it ineffective anyway.

Here are some help pages with more detailed explanations:
What defines a complete trading system?
Troubleshooting
 

n/a
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Thu, 04/21/2011 - 01:52
#2
randyh
randyh's picture
User offline. Last seen 44 weeks 46 min ago. Offline
Joined: 04/19/2011
Groups: None
Of course...

That did it.  I was trying do loose queries of when a given situation occurs without concern of actual entry and exit points.

Thanks for the helpful information and good work btw.

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