Crude Oil Trading Strategy (Amibroker And Tradestation Code)

The original article can be found here.

The strategy in plain English:

• Calculate the 25-day average of the daily High minus the Low (daily prices).
• Today is Tuesday or Thursday.
• The close today must be lower than yesterday’s close minus the range in number one.
• We sell at the close of the next trading day.

Amibroker code:

setOption("holdminbars",1);
range=MA((H-L),25);

Buy =(DayOfWeek()==4 OR DayOfWeek()==2 ) AND ( ref(C,-1)-C )> range;  
buyPrice=Close;
Sell = C>0 ; //forced sale but hold for one day due to setoptions
sellPrice=Close;

Tradestation code:

( dayofweek(date)=4 or dayofweek(date)=2 ) 
AND (Close-Close[1]) < Average((h-l), 25) 
Then buy this bar on Close;