3-Bar System by Larry Williams: from ProRealtime to EasyLanguage

[Almarok]

Hi,

I found in my archive the Trading System: 3-Bar System by Larry Williams, but it's for ProRealtime, if someone could turn it into EasyLanguage, so you could test it in the various Markets.

Thank you in advance.

Explanation: Total Price is the average value between open, high, low and close: (O+H+L+C)/4

// 3-Bar System long (simple)
*
mal=Average[3](low)
mah=Average[3](high)
*
trnd=LinearRegressionSlope[3](TotalPrice)
*
c1=(trnd[1]>0)
c2=(trnd[1]<0)
*
IF NOT LongOnMarket AND c1 THEN
BUY 1 CONTRACTS AT mal[1] limit
ENDIF
*
If LongOnMarket and c2 THEN
SELL AT mah[1] limit
ENDIF

// 3-Bar System short simple
*
mal=Average[3](low)
mah=Average[3](high)
*
trnd=LinearRegressionSlope[3](TotalPrice)
*
c1=(trnd[1]>0)
c2=(trnd[1]<0)
*
IF NOT ShortOnMarket AND c2 THEN
Sellshort 1 CONTRACTS AT mah[1] limit
ENDIF
*
If ShortOnMarket and c1 THEN
EXITSHORT AT mal[1] limit

ENDIF

-------------------------
However, the author suggests the following values based on the tests carried out:

mal=Average[17](low)
mah=Average[17](high)

trnd=LinearRegressionSlope[12](TotalPrice)

 

[Almarok]

If it'll help anyone, the T.S. has been turned into Easylanguage here:

3-Bar System by Larry Williams: from ProRealtime to EasyLanguage | Elite Trader

Hi, I found in my archive the Trading System: 3-Bar System by Larry Williams, but it's for ProRealtime, if someone could turn it into EasyLanguage, so...

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