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Level Stop Reverse Strategy
Source: https://fxcodebase.com/code/viewtopic.php?f=31&t=22850
Forum: 31 · Topic 22850 · 8 post(s)
Level Stop Reverse Strategy
Apprentice · Fri Aug 31, 2012 4:37 am
Buy Crose / LSR CrossOver Sell Crose / LSR CrossUnder
For this strategy, you have to install Level Stop Reverse Indicator. You can find it here. viewtopic.php?f=17&t=18031
The Strategy was revised and updated on December 18, 2018.
Re: Level Stop Reverse Strategy
Silver23 · Mon Apr 04, 2016 11:00 am
Hi Apprentice,
Thank you for this strategy.First, could you please explain what the pip distance does? In other words what is its function? Secondly, it seems to ignore the sell signal given. I have changed the ATR period, multiplier, smoothed period and smoothed multiplier parameters. Could this be the cause? Third question, will it automatically close the first trade if opposite trade is initiated? The reason I’m asking is that I don’t see “ Close on opposite side” parameter. Nevertheless, it initiates the trade on the second candle after price crossed LSR nicely. Thank you for your previous responses.
Re: Level Stop Reverse Strategy
Apprentice · Wed Apr 06, 2016 11:46 am
1. Pip distance is used in Level Stop Reverse Indicator calculazion as Delta (in pips)
Code: Select all
if source.close[period] > LSR[period-1] then
LSR[period]=source.close[period]- Delta;
else
LSR[period]=source.close[period]+ Delta;
end
2. As my tests show, with default settings Long and Short positions were opened.
- Yes
Re: Level Stop Reverse Strategy
Apprentice · Wed Apr 06, 2016 12:02 pm
Major Update.
Re: Level Stop Reverse Strategy
Silver23 · Mon Apr 11, 2016 6:58 am
Hi Apprentice,
Thank you for the answers provided. Thanks for the superb work done, it’s a great indicator!
Re: Level Stop Reverse Strategy
taoyanzc · Sun Jun 19, 2016 4:08 pm
Hello, thank you for your sharing. My English is not good, hope you can understand the meaning of the message below. “LSR STRATEGY” this strategy, I found that I can only run the default parameters, I modify the parameters after, does not take effect, is still in accordance with the default parameters. I want to know why. thank you！
Re: Level Stop Reverse Strategy
Apprentice · Mon Jun 20, 2016 3:07 am
Fixed.
Re: Level Stop Reverse Strategy
Apprentice · Sat Dec 17, 2016 8:51 am
Strategy was revised and updated.