In the event of a stop out, the system will reenter whenever the above conditions are true, even if this is the following day’s open.
The Triple Moving Average trading system includes seven parameters that affect the entries:
Long Moving Average
The number of days in the long moving average.
Medium Moving Average
The number of days in the medium moving average.
Short Moving Average
The number of days in the short moving average.
Use ATR Stops
If set to TRUE then the system will enter a stop based on a certain number of ATR from the entry point.
The number of days used for the ATR calculation. This parameter is visible and active only if Use ATR Stops is TRUE.
The stop width expressed in terms of ATR. This parameter is visible and active only if Use ATR Stops is TRUE.
If the Use ATR Stops is FALSE the trading system computes a stop at the price of the long moving average for the purposes of position sizing. In this case, the stop is active only for the first day.
Close through Short MA
If set to True, Trading Blox won’t take a trade unless the close is also on the right side of the short moving average. For example, with this parameter set to True, in addition to the short moving average being over the medium moving average and the medium moving average being over the long moving average, the close must be above the short moving average in order to trigger a Long position entry.