Austin, TX
Experience: Advanced
Platform: TradeStation
Trading: Futures
Posts: 839 since Mar 2011
Thanks Given: 124
Thanks Received: 704
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Are you autotrading?
If so, I've run into this before, but the solutions have drawbacks.....
you can try
If marketposition(1) <> 1
That will ensure that if your last trade a positive position, it will not enter a long(positive) position. However, as you would expect, it comes at a price, because you lose some winners that you enjoy on longer trends in the same direction.
You can try to change your entry code to recognize the change in trend rather than the trend.
So instead of
if close > high[1] then.....
to look more like this....
if close > high[1] and close[1] > close[2] and close[2] < close[3]
You can expand outward from the pivot point as much as you'd like in series to reduce spurious pivot signals.....
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