To implement the Multiple Indicator trading system described in Dennis Peterson’s article, you should first create the New High/Low ratio, difference and signal indicators in a chart and then create a Trading Strategy based upon those indicators.
To create ratio, difference, and signal indicators, select ‘New Indicator…‘ from the ‘Insert‘ menu and use the Indicator Wizard to create each of the following:
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RATIO: Divide ( nh, Add2(nh,nl ) ) Where nh = New Highs nl = New Lows DIFF: SIGNAL: |
To create the Multiple Indicator trading system, select ‘New Trading Strategy …‘ from the Insert‘
menu and enter the following long/short entry/exit conditions in the appropriate locations of the Trading Strategy Wizard:
Generate a buy long MARKET order if ALL of the following are true:
A=B( MaximumValue ( A<B(CCI(High,Low,Close,6,0.015), -140 ), 9), 1 )
OR2 ( A>B ( RATIO, 0.4 ), A>B ( SIGNAL, DIFF ) )
Generate a sell long MARKET order if ALL of the following is true:
A<B ( RATIO, 0.6 )
A<B ( SIGNAL, DIFF )
A>B ( CCI(High,Low,Close,6,0.015), 180 )
Generate a sell short MARKET order if ALL of the following are true:
A=B( MaximumValue (A>B( CCI(High,Low,Close,6,0.015), 30 ), 4 ), 1 )
Generate a cover short MARKET order if ALL of the following are true:
A>B ( RATIO, 0.6 )
A>B ( SIGNAL, DIFF )
A<B ( CCI(High,Low,Close,6,0.015), -130 )
If you have the NeuroShell Trader Professional, you can also choose whether or not the system parameters should be optimized. After backtesting the trading strategy, use the ‘Detailed Analysis …‘ button to view the backtest and trade by trade statistics for the Multiple Indicator system.
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