Add condition referencing last trade direction

• 11/20/2017 at 5:23 PM #53328
  tom123

   I would like one of the conditions in the algorithm to depend on the direction of the last trade. 

  An example for simplicity: IF some set of conditions are met AND the last trade was a short position THEN take a long position… and vise versa.

  I haven’t been able to find an easy solution to call the last trade direction, so any help would be greatly appreciated! 

  

  tom123

  Participant

  Topics: 5

  Replies: 0

  Been thanked: 0 times
  11/20/2017 at 5:47 PM #53329
  robertogozzi

  . . ONCE LastTradeDirection = 0 . . IF LongOnMarket THEN LastTradeDirection = 1 //1 = last trade went LONG ELSIF ShortOnMarket THEN LastTradeDirection = 2 //2 = last trade went SHORT ENDIF . . . .

  1 2 3 4 5 6 7 8 9 10 11 12 13 14

  . . ONCE LastTradeDirection = 0 . . IF LongOnMarket THEN    LastTradeDirection = 1      //1 = last trade went LONG ELSIF ShortOnMarket THEN    LastTradeDirection = 2      //2 = last trade went SHORT ENDIF . . . .

  You need to set a variable when you either go LONG or SHORT, so that it will later let you know if the last trade was going northwards or southwards. If trades are open not so frequently you might decide to reset the variable to ZERO after “n” candlesticks have elapsed. It’s up to you.

  Roberto

  1 user thanked author for this post.

  tom123

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17659

  Been thanked: 4367 times
  09/05/2023 at 11:35 AM #220361
  MDBrown

  Hi,

  I am using a solution like the above which works fine for last trade direction but not if the trade opens and closes within the same bar. In that circumstance the variable does not change because we are Not OnMarket at the close of the bar.

  I have tried various solutions but just can’t seem to nail it.

  Any suggestions would be much appreciated.

  Thanks, Matt

  

  MDBrown

  Participant

  Topics: 0

  Replies: 1

  Been thanked: 0 times
  09/05/2023 at 1:18 PM #220364
  robertogozzi

  This snippet will do:

  // current version // TradeFlag = 0 //1=Long, 2=Short IF StrategyProfit > StrategyProfit[1] THEN IF TradePrice(1) > TradePrice(2) THEN TradeFlag = 1 ELSE TradeFlag = 2 ENDIF ELSIF StrategyProfit < StrategyProfit[1] THEN IF TradePrice(1) < TradePrice(2) THEN TradeFlag = 1 ELSE TradeFlag = 2 ENDIF ENDIF

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16

  // current version // TradeFlag = 0            //1=Long,  2=Short IF StrategyProfit > StrategyProfit[1] THEN    IF TradePrice(1) > TradePrice(2) THEN       TradeFlag = 1    ELSE       TradeFlag = 2    ENDIF ELSIF StrategyProfit < StrategyProfit[1] THEN    IF TradePrice(1) < TradePrice(2) THEN       TradeFlag = 1    ELSE       TradeFlag = 2    ENDIF ENDIF

  it will only work when you do not accumulate trades.

  But you can also use these new instructions to tell Long from Short trades (https://www.prorealcode.com/documentation/shorttriggered/):

  ShortTriggered[N] LongTriggered[N]

  1 2	ShortTriggered[N] LongTriggered[N]

  N is the bar reference [1], [2], ec…  [0] is assumed by default and can be omitted.

   

  1 user thanked author for this post.

  MDBrown

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17659

  Been thanked: 4367 times
• Author
  Posts