Pullback setups
Author: braddono
Creation Date: 1/3/2009 4:54 PM
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braddono

#1
Does anyone know how to use the Rules Wizard(I'm not much of a programmer, so prefer Rules settings if possible) to create a proper entry (i.e. in an uptrend, after a three bar pullback, enter $.10 above prior bar high) for trading pullbacks? Unless I'm missing something, I can't figure out how to do it with "Buy at Limit", "Buy at Close", "Buy at Market" options. Thanks.
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Cone

#2
QUOTE:
after a three bar pullback, enter $.10 above prior bar high
That would require a BuyAtStop entry with the ability to modify the stop price. Even the AtLimit entry is pretty limited in the ability to modify the trigger price. What's needed is a group of "Non-basic Entries and Exits" for the Wizard.

You can get pretty close by starting with these rules:
CODE:
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..and add an exit (if you only want a screen, see Techniques > Creating a Screener in the WealthScript Programming Guide),

After that, you'll need to "Open Code in new Strategy Window" and make the following edit:
CODE:
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