Dave Landry setup: breakout above high of last bar after a 2-bar decrease
Author: Cacholla
Creation Date: 6/6/2020 9:46 PM
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Cacholla

#1
Good night, I'm Brazilian so I'm sorry for any mistakes.

I want to test a Dave Landry setup, where I buy a break from the maximum of the last bar that has its minimum lower than the previous two minimums.
My Stop Loss is 0.01 below the low of this last bar and my target is 161% of the amplitude of this last bar, projected on my entry.

Can you help me? I have already configured the entry and stop loss, I believe they are correct, but I cannot configure my target.
I would also like to know how to place the purchase R $ 0.01 above the maximum of the previous candle, and not at the same value of the maximum as it is currently configured.

Thank you!

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Eugene

#2
QUOTE:
I want to test a Dave Landry setup, where I buy a break from the maximum of the last bar that has its minimum lower than the previous two minimums.

Here's how you do it in Rules:


QUOTE:
My Stop Loss is 0.01 below the low of this last bar and

Already responded to here: Fixed Stop Loss until the Entry Signal

QUOTE:
my target is 161% of the amplitude of this last bar, projected on my entry.

"Sell at Limit of Entry Bar's Range %" from the latest revision of Community Rules (2020/05/03) does it but you don't have that version. Create a support ticket if interested.

QUOTE:
I would also like to know how to place the purchase R $ 0.01 above the maximum of the previous candle, and not at the same value of the maximum as it is currently configured.

Not an option in Rules but it's possible to tweak the output code produced by Rules Wizard (irreversibly). Click "Open code in new Strategy window" to see how it looks like.
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Cacholla

#3
QUOTE:
"Sell at Limit of Entry Bar's Range %" from the latest revision of Community Rules (2020/05/03) does it but you don't have that version.


How can I do this?
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Eugene

#4
Please register in the Wiki at:

http://www2.wealth-lab.com/WL5WIKI/Register.aspx

Then we will manually enable your account to grab the Community.Rules update from:

http://www2.wealth-lab.com/WL5Wiki/CommunityRules.ashx

If it seems down or errors out, see post #21: Is Wiki down?
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Cacholla

#5
Ok, I registered in the Wiki and acessed it, but I didn't find where I download that version..
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Eugene

#6
Like I just said above, Wiki accounts are greenlighted manually. That's why you aren't seeing the protected content immediately.

And now you can download it.
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Cacholla

#7
Ah ok, sorry, and thank you very much Eugene!
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Eugene

#8
No worries Rafael. You're welcome.
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