Eman93
4,750 posts
msg #119880
- Ignore Eman93 |
5/16/2014 12:03:07 AM
2) Can i reference the Support/Resistence line price as my Entry or Exit condition in backtesting? e.g. if Close crosses above Resistence, Buy at 1% above Resistence and StopLoss at 3% below Resistence line?
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I dont think you can..... just draw on your charts... then set limit buys...then just wait. not that hard.
This is how people have traded since they first began to plot price,, support or resistance is the place the value buyers, the market makers and the tech traders all align, this is what changes the direction.
http://stockcharts.com/public/1424685
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