Strategy based on successive Weekly closes
Author: gspeer2
Creation Date: 12/3/2010 6:35 AM
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gspeer2

#1
I am embarrassed to admit but I can't figure out how to create a simple strategy in WL6. Can anyone help. Strategy is this. When weekly closing price closes lower for three successive weeks: sell. When weekly closing price closes higher for three successive weeks: buy. I know this is simple if you are programmimg literate but I am not. Can you help?
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Eugene

#2
Welcome to the forums.

You may use the Rule-based strategy wizard to build this strategy w/o programming. Switch the chart to Weekly and from the Conditions tab, attach these ones to your entry and exit:

Entry: "Price increases a consecutive number of days"
Exit: "Price decreases a consecutive number of days"

P.S. Next time please mind the description of the forum where you're posting. Your question doesn't have anything to do with "Technical Indicators".
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