Getting started with a SIMPLE strategy

[pmginvest]

Hello and thanks in advance for helping a rookie.

I would like to test a strategy for use on a single stock that would:

A. Enter a long position upon a move of 1.75% above the low since the last action.

B. Exit that position if the stock falls 2.5% off of the high.

Then the cycle starts over again.

To illustrate:

Strategy starts April 1st with the stock at $100. It moves up to $101.75 which would trigger the entry of a long position. The stock continues over the next 10 days to rise to $115 (without correcting more than 2.5% at any time off of the high) and then finally moves down to $112.12 (a 2.5% correction). This would trigger the exit from the position.

As soon as the stock moves back up 1.75% from any new low that was created, the cycle starts again.

Can I do this?

Thanks again for your help.

Pete

[NinjaTrader_Ben]

Hello,

You would need to program this with custom NinjaScript programming:
http://www.ninjatrader-support.com/H...verview17.html