This system is really simple:
if it is 17:30 (closing market) buy at market, sell next day at 9:15 (shortly after it opened) :
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// Condizioni per entrata long IF NOT OnMarket and trading=1 and time=173000THEN BUY 1 CONTRACTS AT MARKET ENDIF // Condizioni per uscire da posizioni long If LongOnMarket AND time=091500 THEN SELL 1 CONTRACT AT MARKET ENDIF |
It should be tested with calculated overnight fees though, for a better comparison with real time trades.
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What original and simple idea. I like it!
Thanks for sharing.
Andrés.
This system is just a basic idea, it should be implemented with filters, I’m sure you can improve !
Yes, of course, but many times we are thinking in complicated indicators and it’s wonderfull to see simple ideas that works.
Six code lines. Great.
I tried the system but does not work, it does not open positions, in any market
so I tried to change it so, for testint it only on the US market
// Condizioni per entrata long
IF NOT OnMarket and time>210000 THEN
BUY 1 CONTRACTS AT MARKET
ENDIF
// Condizioni per uscire da posizioni long
If LongOnMarket AND time>091500 THEN
SELL 1 CONTRACT AT MARKET
ENDIF
set target pprofit 40
the result is that the system open positions only on Sunday to close on Monday …. I use IG account, and i do not understand what the problem is
Because the system must test time of the present candle, this strategy needs to be traded on intraday timeframe. So i believe you have tested it in daily one maybe?
you must have a subscription to view intraday bars, then you put it with graphics of 15min
entry time to be 17:30 (not 21:00), remove the target profit.
ok thanks to both, now works fine…
Bravo Andrea Unger
Questa è un idea che ho trovato su un articolo in una rivista e l’ho condivisa scrivendola con PRT. Spero che se hai qualcosa di interessante anche tu possa condivederlo in questo forum.
Quanto e’ l’ average trade di questa strategia ? Se metti commissioni e slippage vai in perdita .
ciao giulomb,
leggi il mio primo commento in alto.
This nice strategy seems regularly profitable before 2010 ; see picture :
http://www.doctrading.fr/wp-content/uploads/2016/05/test-FTSE-MIB-night.png
Strange that it isn’t before.
The spread is 20 points by IG markets :
http://www.ig.com/fr/conditions-indices
With this spread, the results are awful :
http://www.doctrading.fr/wp-content/uploads/2016/05/test-FTSE-MIB-avec-Spread.png
Am I wrong ?
You’re right, it is not good considering the spread… the cfd are too expensive, better to use mini futures I write this is just a starting point for a system.
But look the picture, I sent to you by email, is the same motor with my personal filters, i put 15 points of spreads.
Yes, nice improvement !
You should test it with 20 points spread (common spread on IG Markets).What is the filter code ?
Ho provato questa strategia anche sul dax, a causa dell’elevato spread IG sul ftse mib.
Con un giusto stop loss e take profit sembra essere profittevole, anche se non eccezionale.
La testerò su altri indici
con quale timeframe hai provato sul dax ?