Without martingale or averaging down, automated trading wouldn’t have been so popular over the internet in the last years. Promised of eternal money returns without any cons is of course not real. However, learn to code “grid” orders is educational and that’s the purpose of this article.
A lot of people on forums asked for an alternative to the embedded trailing stop instruction of Probacktest. So I decided to code a complete function that can be implemented to any trading strategy.
Every instrument has its own price distribution, in this article I deal with the fact that a normal distribution (also known as a bell curve), can give us a tip at where the price could go in the next few bars. I will use some distribution formula to draw bell curve right into ProRealTime charts.
Fetching the stocks that may breakout their recent highs is a difficult task when you do not know where to start and what are the best criterias to find them.
With the ease of the ProScreener module, you can find them in a glance. I’ll put you how in this small article with screener examples.
There are a billions ways to adapt your risk exposure while trading. Another approach is to base our trades triggers on recent performance of the strategy by using the strategy profit curve like any other technical indicator. ProBuilder language offers this possibility.
In this article i would like to present you the automated trading strategy that is describe in the French ProOrder / ProBacktest documentation. This strategy is a simple breakout automated system that relies on past market behavior observation, and it works ! I am personally currently trading it with a small account dedicated to it and i must say that it is quiet robust for an intra-day trading strategy.
Since we want to be on the correct side of price, we often rely on different kind of indicators that tell us what were, because of their calculation method made of past data, and not what is at the exact moment we have to decide if the informations they give is still effective.
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