1-2-3 Reversal

Article/Author: Ulf Jensen
Description: This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183.

Signal 1-2-3 Reversal ELA Code:

VALUE1=@SLOWK(9);
 
VALUE2=@SLOWD(9);
 
 
 
CONDITION1=CLOSE[2] < CLOSE[1];
 
CONDITION2=CLOSE > CLOSE[1];
 
CONDITION3=VALUE1>VALUE1[1];
 
CONDITION4=VALUE2<50;
 
CONDITION5=CLOSE[1]>CLOSE[2];
 
CONDITION6=CLOSE<CLOSE[1];
 
CONDITION7=VALUE1 < VALUE1[1];

CONDITION8=VALUE2>50;
 
 
 
IF CONDITION1 AND CONDITION2 AND CONDITION3 AND CONDITION4 THEN BUY NEXT BAR AT MARKET;
 
IF CONDITION5 AND CONDITION6 AND CONDITION7 AND CONDITION8 THEN SELL NEXT BAR AT MARKET;

Download: 1-2-3R.ela

File Includes:
Signal - 1-2-3 Reversal
Signal - Stop Loss (buid-in PowerEditor signal)
Signal - Profit Target (buid-in PowerEditor signal)