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Building A Trading Template

In his article "Building A Trading Template," Giorgos Siligardos demonstrates a technique on how to create a system management template (SMT) and apply it to your trading systems.

Tradecision's Indicator Builder enables you to recreate Siligardos' Stops Barrier (SB) indicator, which is based on the concept of the dynamic reward/risk ratio. Here is the code:

input

  day1:"Entry Date",24,1,32;
  month1:"Entry Month",6,1,12;
  year1:"Entry Year",2007,1990,2040;
  target:"Price Target",50,0,1000000;
  minDRR:"Minimum Dynamic Reward/Risk",3,0.01,100;

end_input

var

   date1:=DayOfMonth() = day1 and Month() = 
month1 and Year() = year1; {Stops Barrier}SB:=C - (target - C) / minDRR; end_var return NthValueWhen(1, date1, 1) * SB;


Download to import into Tradecision.

How to use this indicator in Tradecision:
  1. Click Download.
  2. Save this indicator in a safe location on your hard drive.
  3. Open Tradecision and in the Tools menu click Indicator Builder.
  4. In the Indicator Builder dialog, click Import, locate the saved file and then click OK.
The indicator will be added to the Custom Indicators list.
 
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