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Okay so basically this is a repair job of a strategy I hired a guy to do that doesn't quite workas I intended it to but is very close. So should be fairly simple to fix . I have enclosed a video file. Its important to understand that the take profit and stop loss were added by the guy who coded it but arent central to the strategy. The main thing is that the system must reference the prior bar and sell when the ow is equal to or below the sma . It doens take longs when the price is below the sam close value . Instead it only trades shorts. When the high of the previous to current bar is greater than or equal to the close value of the sma then it only trades longs. The long would be closed when the prior bars low is exceeded by one tick or more. When this happens the system immediately instantly closes this long with a market sell order. The opposite situation occurs with the shorts. When the prior bars high is exceeded by one tick or greater then a market order buy closes this short. The system is always referencing the prior bar and can execute more than one trade on the same bar if the exit then triggers the same conditions another short or long can be taken as long as the conditions are true. The tape reading logic is standard. If current bar high exceeds prior bar high by one tick or greater Then Go long with a market order. If current bar low exceeds prior bar low by one tick or greater Then Go short with a market order. Maximum number of trades it can pyramid is one. So if the trade go multiple bars in the same direction it only trades once until the order is sold . This happens when the prior bar low or high is exceeded by one tick or greater. The system can still however take other trades in the same direction after it has exited a trade. There is no limit on the number of longs or shorts it can take in one direction , however they must be taken one at a time and a new one initiated only when the the prior one has closed. Because there is potential for confusion in this explanation please do not begin the repair until you have restated the brief bak to me as its possible otherwise that you will do the work only to have a finised product that is diferrent to the brief. Its basically using the tape reeading formula but its divinding the price action with a moving average and only trading from the long side when price is above the sam and only from the short side wehn price is below the sma. I will send more detailed explanation before you begin.
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