Buy The Dip Strategy (Amibroker And Tradestation Code)

The original article can be found here.

The strategy in plain English reads like this:

• The close must be higher than the 200-day moving average.
• The close today must be a seven-day low (of the close).
• If 1-2 are true, then go long at the close.
• We sell at the close when the close is higher than yesterday’s close.

The Amibroker code:

Buy=  C>MA(C,200) AND Close<Ref(LLV(C,7),-1) ; 
buyPrice=Close;
Sell= C>Ref(H,-1);
sellPrice=Close ;

Tradestation code:

{
Buy the dip strategy (no 148):
The close must be higher than the 200-day moving average. 
The close today must be a seven-day low (of the close).
If 1-2 are true, then go long at the close.
We sell at the close when the close is higher than yesterday’s close.
}

Inputs:
	LookbackTrend(200),
	LookbackLow(7);

if (C > Average(C,LookbackTrend)) and (C < Lowest(C,LookbackLow)[1]) Then
	buy this bar at close;

if C > H[1] then 
	Sell this bar at close;