Oops

[recneps]

Can anyone help me with the formulae for Larry Williams Oops?

If todays open is lower than the previous days low, then buy today at previous days low. Exit at tomorrows open.

My efforts have me entering and exiting sometimes on the same bar. I'm also unsure on what to use for an exit trigger.

EntryTrig:= O < Ref(L,-1 );

EntryPrice:= Ref(L,-1 );

InitialStop:= Ref(C,-1)-3*ATR(10);

ExitTrig:=OPEN;

ExitPrice:=OPEN;

ExtFml("TradeSim.Initialize");
ExtFml("TradeSim.EnableDelayOfAllExitsByOneBar");
ExtFml("TradeSim.EnableProtectiveStop",0);
ExtFml("TradeSim.RecordTrades",
"OOPS",
LONG,
EntryTrig,
EntryPrice,
InitialStop,
ExitTrig,
ExitPrice,
START);

[NeilW]

Hi,

Why don't you just exit on the close of the same day you entered. You may leave some money on the table but you will sleep better.