Bias DAX Time 15M & MM200 Daily – Multiframe

• 09/16/2018 at 12:12 PM #80589
  DANY

  The Markets grow in the night !

  Very Simple Code based on Entry & Exit Time combined with a daily MM200.

  Any Idea to increase profitability ?

  DEFPARAM cumulateorders=false LSTime=183000 LETime=073000 SSTime=143000 SETime=173000 ExitTime=213000 EntraLong=1 EntraShort=1 MyStopLoss=90 MyTakeProfit=400 TIMEFRAME (Daily, updateonclose) //your daily conditions MM200=Average[200](Close) DLong=DClose(1)>MM200 DShort=DClose(1)<MM200 TIMEFRAME (default) If EntraLong AND Time=LSTime AND DLong then buy 1 contract at market endif If EntraShort AND Time=SSTime AND DShort then sellshort 1 contract at market endif If LongOnMarket AND (Time=LETime OR Close<MM200) then sell at market endif If ShortOnMarket AND (Time=SETime OR Close>MM200) then exitshort at market endif If MyStopLoss>0 then Set Stop PLoss MyStopLoss endif If MyTakeProfit>0 then Set Target PProfit MyTakeProfit endif If DayOfWeek=5 and Time=ExitTime then sell at market exitshort at market endif

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  DEFPARAM cumulateorders=false   LSTime=183000 LETime=073000   SSTime=143000 SETime=173000   ExitTime=213000   EntraLong=1 EntraShort=1   MyStopLoss=90 MyTakeProfit=400   TIMEFRAME (Daily, updateonclose) //your daily conditions MM200=Average[200](Close) DLong=DClose(1)>MM200 DShort=DClose(1)<MM200   TIMEFRAME (default)   If EntraLong AND Time=LSTime AND DLong then buy 1 contract at market endif   If EntraShort AND Time=SSTime AND DShort then sellshort 1 contract at market endif   If LongOnMarket AND (Time=LETime OR Close<MM200) then sell at market endif   If ShortOnMarket AND (Time=SETime OR Close>MM200) then exitshort at market endif   If MyStopLoss>0 then Set Stop PLoss MyStopLoss endif   If MyTakeProfit>0 then Set Target PProfit MyTakeProfit endif   If DayOfWeek=5 and Time=ExitTime then sell at market exitshort at market endif

   

  

  DANY

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  09/16/2018 at 12:17 PM #80626
  Nicolas

  Hi Dany, thanks for posting your strategy. Sorry if I’m wrong but I feel you did not use any spread fees into your backtest?

  

  Nicolas

  Keymaster

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  09/16/2018 at 5:35 PM #80634
  DANY

  Ciao Nicolas,

  I used 1 point spread, but it does work fine with 2 point too; I think that with some filters (maybe one or two patterns), it could be increase the average profitability.

  It’s work better if you set the SL & TP at “0” value and if you comment the last filter, like this  :

  If DayOfWeek=5 and Time=ExitTime then

  //sell at market

  //exitshort at market

  endif

  

  DANY

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  09/16/2018 at 6:10 PM #80639
  Nicolas

  Oh sorry! I successfully backtest your system with the same result. I should not work on Sunday 😆

  PFA comparison with buy and hold (but with no fees).

   

  

  Nicolas

  Keymaster

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  07/19/2020 at 3:23 PM #139616
  BITE1437

  I like this bias strategy. Can I ask for the screener code? Thanks indeed.

  

  BITE1437

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