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Strategies & Market Trends : The Darvas Box Thread - Using the Nicholas Darvas system
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To: MechanicalMethod who wrote (451)11/25/2002 5:44:42 PM
From: booters   of 498
 
This idea looks interesting. MM I looked at your logic as listed below but see a problem with the assumption. I also made the same mistake when I first looked at it.

var: trendUp(false), top(0), bottom(0), pyramid(false), shadow(0);

if h > highest(h,250) then trendUp=true;

if trendUp=true then begin
...if marketPosition=0 then buy next bar at open;
...if h > highest(h,3) then pyramid=true else pyramid=false;
...if h > highest(h,3) then top = h;
...if h < highest(h,3) and L < lowest(L,3) then bottom=L; {bug}
...shadow = .95 * bottom;
...if L < shadow then trendUp=false; {?}
end;

if marketPosition > 0 then begin
...if trendUp=true and pyramid=true then buy next bar at open;
...if L < shadow then exitLong stop at shadow;
...if trendUp=false then exitLong at market:
end;

This is determining if the high is greater than the high of the last 3 bars but in the description ( I forget now where I read it ) it was not the high of the last three bars, it was more of a 3 bar top he was looking for. I may not understand your code here but if that is what you are looking for then I think it is wrong. All this would do is create a channel based on 3HH/LL lines.

Anyhow......am interested in your comments.

boots
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