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When to enter trades #455893
11/02/15 15:24
11/02/15 15:24
Joined: Mar 2015
Posts: 336
Rogaland
N
nanotir Offline OP
Senior Member
nanotir  Offline OP
Senior Member
N

Joined: Mar 2015
Posts: 336
Rogaland
Hi

I wonder if there is a rule or a "make sense way" to decide when to use price(); or priceClose(); to enter trades.
Something like:
For breakouts => priceHigh();
For valleys => price();
For cross thresholds => priceClose();

Re: When to enter trades [Re: nanotir] #455912
11/02/15 22:38
11/02/15 22:38
Joined: Apr 2014
Posts: 482
Sydney, Australia
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boatman Offline
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boatman  Offline
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Joined: Apr 2014
Posts: 482
Sydney, Australia
price() returns the mean price of a candle. In general, it will reduce the effect of outlying or random ticks and result in a more stable system. In general, you should use price() wherever possible.

Some systems however will require the high, low or close by their nature. For example, a Donchian channel based system would need to use the highs and lows.

So the short answer is....it depends on your system. You can always try different methods and compare the results to see the effects on an individual system.

Re: When to enter trades [Re: boatman] #455920
11/03/15 02:46
11/03/15 02:46
Joined: Mar 2015
Posts: 336
Rogaland
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nanotir Offline OP
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nanotir  Offline OP
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Joined: Mar 2015
Posts: 336
Rogaland
Thanks for the aclaration laugh


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