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There are many different classifications of exits other than your initial stop loss. These include exits that produce a loss but reduce your initial risk, exits that maximize profits, and exits that keep you from giving back too much money, and psychological exits.
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First 2 Hour Channel System

System for: TradeStation

 

 

Views:  535

Added: December 08, 2006
 
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Tags: TradeStation, system
 


This is the First 2 Hour Channel System as written in our Easy Language department.

 

 



Code:

Type : Signal, Name : First 2 Hour Channel System

INPUT:
BEGINCH(SESS1STARTTIME),
ENDCH(1300);

{ 1300 IS AN EXAMPLE }

VARS:CH(H),CL(L);

IF TIME = BEGINCH + BARINTERVAL THEN BEGIN
CH = H;
CL = L;
END;

IF TIME >= BEGINCH AND TIME <= ENDCH THEN BEGIN
IF H > CH THEN CH = H;
IF L < CL THEN CL = L;
END;

IF TIME > ENDCH AND DATE = DATE TOMORROW THEN BUY AT CH STOP;
IF TIME > ENDCH AND DATE = DATE TOMORROW THEN SELL AT CH STOP;


 




 

Code to difficult? Find somebody to help you with coding here.

 


Source: http://www.tradestation2000i.com

 

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