I've been using NT7 for a few years and I've developed a basic strategy that I've been back testing manually. I want to automate the back testing using the Strategy Analyzer and need help setting it up properly. Any guidance on how to set this up would really be appreciated.
Here are the rules:
This is basically a modified AB=CD pattern.
Any Forex 60 minute chart (this example is in a downtrend though same goes for uptrend)
1. Identify most recent swing low
2. Identify next swing high (Point A)
3. Confirm price has broken below the close of the swing low.
4. Identify next swing low (Point B)
5. Confirm price retraces to .618 fib retracement of recent swing high to second swing low (Point C)
6. Enter Sell Limit order at .618 fib retracement
7. Stop Loss order at 1 ATR above swing high (Point A)
8. Profit Target at 1:1
It's pretty simple but in backtesting manually it works. Any suggestions on how to set this up properly would be hugely helpful.
Thank you,
Jeremy
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