3 Candle Strategy

Marc · Wed, 25 Jul 2018 11:20:31 +0000

Hi together, here is another system which works like bullish / bearish harami pattern. In the End for a long position 3 lower highs and lower lows have to follow immediately. Close of current candle must be higher than open if first candle is bearish or close of current candle must be higher if first candle is bullish. TP is high of first candle. For Short vice versa. Perhaps somebody can check if this code seems to be okay? DEFPARAM CumulateOrders = False //Buy-Condition l1: Kerze vor 3 Perioden muss bullish sein und es müssen 3 Kerzen mit tieferen Hochs und tieferen Tiefs folgen und der Schlusskurs der vorherigen Kerze muss größer sein als der Schlusskurs der ersten Kerze l1 = OPEN[3] < CLOSE[3] AND High[3] > High [2] AND High[2] > High[1] AND Low[3] > Low[2] AND Low[2] > Low[1] AND Close[1] >= Close[3] //Buy-Condition l2: Kerze vor 3 Perioden muss bearish sein und es müssen 3 Kerzen mit tieferen Hochs und tieferen Tiefs folgen und der Schlusskurs der vorherigen Kerze ist größer als das Open der ersten Kerze l2 = OPEN[3] > CLOSE[3] AND High[3] > High [2] AND High[2] > High[1] AND Low[3] > Low[2] AND Low[2] > Low[1] AND Close[1] >= Open[3] //Sell-Condition s1: Kerze vor 3 Perioden muss bullish sein und es müssen 3 Kerzen mit höheren Hochs und höheren Tiefs und der SK der vorherigen Kerze ist kleiner als der SK's der ersten Kerze, wenn der SK von Kerze 1 kleiner als das Close ist s1 = OPEN[3] < CLOSE[3] AND High[3] < High [2] AND High[2] < High[1] AND Low[3] < Low[2] AND Low[2] < Low[1] AND Close[1] <= Close[3] //Sell-Condition s2: Kerze vor 3 Perioden muss bearish sein und es müssen 3 Kerzen mit höheren hoch und hheren Tiefs und der SK der vorherigen Kerze ist kleiner als der SK's der ersten Kerze, wenn der SK von Kerze 1 kleiner als das Close ist s2 =OPEN[3] > CLOSE[3] AND High[3] < High [2] AND High[2] < High[1] AND Low[3] < Low[2] AND Low[2] < Low[1] AND Close[1] <= Open[3] //Kauforder zur Eröffnung der nächsten Kerze wenn Konditionen l1 oder l2 erfüllt sind IF l1 OR l2 THEN BUY 1 SHARES AT MARKET NextBarOpen ENDIF //Verkauforder zur Eröffnung der nächsten Kerze wenn Konditionen s1 oder s2 erfüllt sind IF s1 OR s2 THEN SELLSHORT 1 SHARE AT MARKET NextBarOpen ENDIF //TP und SL-Definition SET TARGET %Profit 1 SET STOP %Loss 1

This topic has 82 replies, 6 voices, and was last updated 4 years ago by Regan2020.

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08/08/2018 at 9:53 PM #77813

Vonasi

GraHal wrote:

Well by your rule of thumb Vonasi it more or less passes!

More or less it passes – but then more rather than less you need enough start capital to fund it and then as it is on a 5 minute chart your back test data is so very limited that you have to take the results as potentially being an over optimised pile of poop! So multiply draw down by 100!

Vonasi

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08/08/2018 at 10:09 PM #77814

GraHal

Here you go @Marc 🙂

//-------------------------------------------------------------------------
// Main code : Marc 3Bars DJI 5M v1.0
//-------------------------------------------------------------------------
DEFPARAM CumulateOrders = false

TPL = (AverageTrueRange[28]((open+close+low+high)/4))*16
SLL = (AverageTrueRange[14]((open+close+low+high)/4))*45

TPS = (AverageTrueRange[26]((open+close+low+high)/4))*10
SLS = (AverageTrueRange[2]((open+close+low+high)/4))*18
 
//Buy-Condition
l1 = OPEN[2] > CLOSE[2] AND OPEN[1] > CLOSE[1] AND High[2] > High [1] AND High[1] > High AND Low[2] > Low[1] AND Low[1] > Low AND Close > Close[2]
 
//Sell-Condition
s1 = OPEN[2] < CLOSE[2] AND OPEN[1] < CLOSE[1] AND High[2] < High [1] AND High[1] < High AND Low[2] < Low[1] AND Low[1] < Low AND Close < Close[2]

 
//Buy @ open of nextcandle if condition l1 is met
IF l1 AND Not OnMarket THEN
BUY 2 SHARES AT MARKET //MarketOrder
SET STOP   LOSS   SLL
SET TARGET PROFIT TPL
ENDIF
 
//Sell @ open of nextcandle if condition s1 is met
IF s1 AND Not OnMarket THEN
SELLSHORT 2 SHARE AT MARKET //MarketOrder
SET STOP   LOSS   SLS
SET TARGET PROFIT TPS
ENDIF

//-------------------------------------------------------------------------

// Main code : Marc 3Bars DJI 5M v1.0

//-------------------------------------------------------------------------

DEFPARAM CumulateOrders = false

TPL = (AverageTrueRange[28]((open+close+low+high)/4))*16

SLL = (AverageTrueRange[14]((open+close+low+high)/4))*45

TPS = (AverageTrueRange[26]((open+close+low+high)/4))*10

SLS = (AverageTrueRange[2]((open+close+low+high)/4))*18

//Buy-Condition

l1 = OPEN[2] > CLOSE[2] AND OPEN[1] > CLOSE[1] AND High[2] > High [1] AND High[1] > High AND Low[2] > Low[1] AND Low[1] > Low AND Close > Close[2]

//Sell-Condition

s1 = OPEN[2] < CLOSE[2] AND OPEN[1] < CLOSE[1] AND High[2] < High [1] AND High[1] < High AND Low[2] < Low[1] AND Low[1] < Low AND Close < Close[2]

//Buy @ open of nextcandle if condition l1 is met

IF l1 AND Not OnMarket THEN

BUY 2 SHARES AT MARKET //MarketOrder

SET STOP LOSS SLL

SET TARGET PROFIT TPL

ENDIF

//Sell @ open of nextcandle if condition s1 is met

IF s1 AND Not OnMarket THEN

SELLSHORT 2 SHARE AT MARKET //MarketOrder

SET STOP LOSS SLS

SET TARGET PROFIT TPS

ENDIF

GraHal

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08/09/2018 at 9:29 AM #77832

Marc

thank you 🙂 for DJ this looks awesome in my opinion 😉

1 user thanked author for this post.

GraHal

Marc

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05/29/2020 at 9:59 AM #133746

Regan2020

Hi all,

I am being met with the following message when trying to implement my back testing using the above code (a newbie to coding FYI) – ” Syntax Error in assignment”

I am sure that its probably something really simple, but any advice would be great,

many thanks

Regan2020

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05/29/2020 at 10:08 AM #133752

GraHal

Regan2020 wrote:

” Syntax Error in assignment”

I just copied the code above and pasted and backtested and I don’t get any syntax error.

Try copying and pasting the code again and let us know.

Attachments are with Spread = 4 and 3 min TF.

GraHal

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05/29/2020 at 12:44 PM #133773

Regan2020

Thank you, I have re-run the code and its now working.

However, I noticed that you Back-tested it on DJI, so I followed suit, but my back test results were different to yours (please see attached screen shot)

Why set-up was a 3 minute timeframe with a 4 spread – but came back with far more results at a much higher loss?

Regan2020

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05/29/2020 at 1:29 PM #133778

GraHal

You backtested on a $10 contract for 1,000 bars.

I backtested on a £1 contract for 10,000 bars.

Re far more trades …

I suspect you have below?

DEFPARAM CumulateOrders = True

1	DEFPARAM CumulateOrders = True

I have below, same as the code I posted above …

DEFPARAM CumulateOrders = false

1	DEFPARAM CumulateOrders = false

GraHal

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05/30/2020 at 2:28 PM #133884

Regan2020

Many thanks, seems to be working now.

1 user thanked author for this post.

GraHal

Regan2020

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