Developing Hot Zones (TASC December 2002)

To determine the profit from Massimiliano Scorpio’s hot zone trading system in NeuroShell Trader, create the following indicators by selecting "New Indicator" from the Insert menu.  A sample chart is in Figure 7.

ENTRY PRICE:

Add2( High, Multiply(0.30, ATR(High, Low, Close, 10) ) )

CONDITION1:

Lag ( KeyReversal:Bullish Flag (High, Low, Close), 1)

CONDITION2:

A<B<C ( Lag(High, 1), Open, Lag(ENTRY PRICE,1) )

CONDITION3:

A>=B ( High, Lag(ENTRYSTOP, 1) )


ENTRY CONDITION:

And3 ( CONDITION1, CONDITION2, CONDITION3 )

EXIT PRICE:

IfThenElse ( A<B(Low, Lag(High, 1), Lag(High, 1), Close )

GAIN/LOSS:

IfThenElse ( ENTRY CONDITION, Subtract ( EXIT PRICE, ENTRY PRICE ), 0 )

CUMULATIVE PROFIT:

Cumulative ( Multiply (#Shares, GAIN/LOSS), 0 )

File Download

tip1202hot.exe

Was this article helpful?

Yes No

Related Articles