Day trading Strategy
Author: pepefe
Creation Date: 5/6/2010 9:27 AM
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pepefe

#1
Hello to everyone.
I am new in WLab.
I would like to know how can I test a simple trading strategy like this.

When F or ORCL Intraday 5 min RSI goes to 40 go long. If it moves 9 cents from the long trade sell. If it moves 9 cents low from the buy point double the position. If when double the position the stock goes up 5 cents from my average cost sell. If the stock goes down 9 cents from my average cost double the position again.If when double the position the stock goes up 5 cents from my average cost sell. If the stock goes down 9 cents from my average cost double the position again.

If the stock keeps going down and I have placed 5 trades and my average cost is 15 cents away from the last price sell the entire position.

The opposite as going short, using the starting point RSI above 60 to start a short position.

How can I test this strategy ?

I have any idea how to use Wealth lab. Is there any developer or anyone how can assist me in programming ?
Thanks,
Federico.
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Eugene

#2
QUOTE:
I have any idea how to use Wealth lab.

Federico, please see my reply here:

HELP PLEASE - SCRIPT

Although the subject may sound somewhat different, answer will be the same.
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pepefe

#3
Hello Eugene

I saw your reply to that older post.

What I realy need is someone who can assist me programming and customizing the wealth lab.
I have any idea on how to program.

Do you know somebody who can help me ?

Thanks,
FF
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Eugene

#4
If you haven't even taken a free trial of Wealth-Lab Developer 5, having registered just an hour ago, it's incomprehensible for me what programming and customizing can we talk about, or am I wrong?
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pepefe

#5
Eugene: how can I download the free trial of wealth lab developer 5 ?
thanks.
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Eugene

#6
Visit the "Products" section of the site, then click on "Wealth-Lab 5" for the choice of version to download.