Bollinger band coding help please

• 09/19/2018 at 1:26 PM #80880
  garyoaten

  Can somebody please program a strategy for me?

  I am looking to input a variable level for a buy trade outside the lower exponential Bollinger band (20, 2) (open). So, when the price moves a set amount below the Bollinger band it triggers a buy trade.

  When the buy is triggered its puts a stop loss in of the same value. I.e.: I input a variable of 40 and when the price goes below the exponential Bollinger band (20, 2) (open) by 40 pips it triggers a buy trade with a stop loss level 40 pips below that.

  And to have a target profit of 75% of the stop loss

  Also,

  I am looking to input a variable level for a sell trade outside the upper exponential Bollinger band (20, 2) (open) so, when the price moves a set amount above the Bollinger band it triggers a sell trade.

  When the sell is triggered its puts a stop loss in of the same value. I.e.: I input a variable of 40 and when the price goes above the exponential Bollinger band (20,2) (open) by 40 pips it triggers a sell trade with a stop loss level 40 pips above that.

  And to have a target profit of 75% of the stop loss

  I need to be able to adjust the variable amount that the trade triggers by please.

   

  I have this at the moment for sells trades and it seems to work?

  Bollu=ExponentialAverage[20](open)+2*std[20](open) nbpoint=25.4 c1 = (high > Bollu+nbpoint*pointsize) IF c1 THEN SELLSHORT 1 PERPOINT AT MARKET ENDIF // Stops and targets SET STOP pLOSS nbpoint SET TARGET pPROFIT 19

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

  Bollu=ExponentialAverage[20](open)+2*std[20](open)   nbpoint=25.4   c1 = (high > Bollu+nbpoint*pointsize)   IF c1 THEN SELLSHORT 1 PERPOINT AT MARKET   ENDIF   // Stops and targets SET STOP pLOSS nbpoint SET TARGET pPROFIT 19

  And this for buys and it doesnt work correctly

  Bolld=ExponentialAverage[20](open)-2*std[20](open) nbpoint=25.4 c1 = (low < Bolld+nbpoint*pointsize) IF c1 THEN BUY 1 PERPOINT AT MARKET ENDIF // Stops and targets SET STOP pLOSS nbpoint SET TARGET pPROFIT 19

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

  Bolld=ExponentialAverage[20](open)-2*std[20](open)   nbpoint=25.4   c1 = (low < Bolld+nbpoint*pointsize)   IF c1 THEN BUY 1 PERPOINT AT MARKET   ENDIF   // Stops and targets SET STOP pLOSS nbpoint SET TARGET pPROFIT 19

  Any ideas where I am going wrong and how do I put them together to work on 1 code?

  Regards,

   

  Gary

  

  garyoaten

  Participant

  Topics: 3

  Replies: 15

  Been thanked: 2 times
  09/19/2018 at 1:28 PM #80882
  robertogozzi

  To write code, please use the <> “insert PRT code” button to make code easier to read. Thank you.

  Moreover this is not an indicator, but a strategy, so I will move the topic to ProOrder Support.

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17188

  Been thanked: 4064 times
  09/19/2018 at 1:36 PM #80886
  robertogozzi

  Replace line 5 of the second strategy with:

  c1 = (low < Bolld-nbpoint*pointsize)

  1	c1 = (low < Bolld-nbpoint*pointsize)

   

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17188

  Been thanked: 4064 times
  09/19/2018 at 1:41 PM #80887
  robertogozzi

  The two combined:

  Bolld=ExponentialAverage[20](open)-2*std[20](open) Bollu=ExponentialAverage[20](open)+2*std[20](open) nbpoint=25.4 c1 = (high > Bollu+nbpoint*pointsize) IF c1 AND Not OnMarket THEN SELLSHORT 1 PERPOINT AT MARKET ENDIF c2 = (low < Bolld-nbpoint*pointsize) IF c2 AND Not OnMarket THEN BUY 1 PERPOINT AT MARKET ENDIF // Stops and targets SET STOP pLOSS nbpoint SET TARGET pPROFIT 19

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

  Bolld=ExponentialAverage[20](open)-2*std[20](open) Bollu=ExponentialAverage[20](open)+2*std[20](open) nbpoint=25.4 c1 = (high > Bollu+nbpoint*pointsize) IF c1 AND Not OnMarket THEN    SELLSHORT 1 PERPOINT AT MARKET ENDIF c2 = (low < Bolld-nbpoint*pointsize) IF c2 AND Not OnMarket THEN    BUY 1 PERPOINT AT MARKET ENDIF // Stops and targets SET STOP pLOSS nbpoint SET TARGET pPROFIT 19

   

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17188

  Been thanked: 4064 times
  09/19/2018 at 2:00 PM #80893
  garyoaten

  Thank you Roberto

   

  

  garyoaten

  Participant

  Topics: 3

  Replies: 15

  Been thanked: 2 times
  09/20/2018 at 12:49 PM #80956
  garyoaten

  Does anybody know if there a way to take half profits at a certain level and then to bring the other half of the stoploss down so the trade becomes a break even trade at worst?

  

  garyoaten

  Participant

  Topics: 3

  Replies: 15

  Been thanked: 2 times
  09/20/2018 at 1:41 PM #80958
  robertogozzi

  At present ProOrder does not support partial closures (I think it is possible for manual trading, but I never tried). It is said to be supported in a future upgrade of the platform.

   

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17188

  Been thanked: 4064 times
  09/20/2018 at 1:56 PM #80959
  Nicolas

  This is an example of how to put an order to breakeven when price reached x% of the takeprofit value, and close part of the position at the same time:

  defparam cumulateorders=false // --- settings amount = 2 //amount of contract/lot/shares to open for each order takeprofit = 30 //takeprofit in points stoploss = 60 //stoploss in points BreakevenAt = 25 //percent achieved of target to move stop to entry (breakeven) PointsToKeep = 1 //how much pips/points to keep in profit above of below our entry price when the breakeven is activated (beware of spread) Lot2Close = 1 //amount of contract/lot/shares quantity to close when breakeven occurs // --- end of settings upper = BollingerUp[20](close) lower = BollingerDown[20](close) //strategy if high crosses over upper then sellshort amount contract at market endif if low crosses under lower then buy amount contract at market endif set target pprofit takeprofit set stop ploss stoploss //reset the breakevenLevel when no trade are on market IF NOT ONMARKET THEN breakevenLevel=0 ENDIF startBreakeven = takeprofit*(BreakevenAt/100)//how much pips/points in gain to activate the breakeven function? // --- BUY SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF LONGONMARKET AND close-tradeprice(1)>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)+PointsToKeep*pipsize ENDIF //place the new stop orders on market at breakevenLevel IF LONGONMARKET AND breakevenLevel>0 THEN SELL AT breakevenLevel STOP if countoflongshares=amount then sell Lot2Close contract at market endif ENDIF // --- end of BUY SIDE --- // --- SELL SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF SHORTONMARKET AND tradeprice(1)-close>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)-PointsToKeep*pipsize ENDIF //place the new stop orders on market at breakevenLevel IF SHORTONMARKET AND breakevenLevel>0 THEN EXITSHORT AT breakevenLevel STOP if countofshortshares=amount then exitshort Lot2Close contract at market endif ENDIF // --- end of SELL SIDE ---

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61

  defparam cumulateorders=false   // --- settings amount = 2 //amount of contract/lot/shares to open for each order takeprofit = 30 //takeprofit in points stoploss = 60 //stoploss in points BreakevenAt = 25 //percent achieved of target to move stop to entry (breakeven) PointsToKeep = 1 //how much pips/points to keep in profit above of below our entry price when the breakeven is activated (beware of spread) Lot2Close = 1 //amount of contract/lot/shares quantity to close when breakeven occurs // --- end of settings   upper = BollingerUp[20](close) lower = BollingerDown[20](close)   //strategy if high crosses over upper then sellshort amount contract at market endif if low crosses under lower then buy amount contract at market endif set target pprofit takeprofit set stop ploss stoploss   //reset the breakevenLevel when no trade are on market IF NOT ONMARKET THEN breakevenLevel=0 ENDIF   startBreakeven =  takeprofit*(BreakevenAt/100)//how much pips/points in gain to activate the breakeven function? // --- BUY SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF LONGONMARKET AND close-tradeprice(1)>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)+PointsToKeep*pipsize ENDIF   //place the new stop orders on market at breakevenLevel IF LONGONMARKET AND breakevenLevel>0 THEN SELL AT breakevenLevel STOP if countoflongshares=amount then sell Lot2Close contract at market endif ENDIF // --- end of BUY SIDE ---   // --- SELL SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF SHORTONMARKET AND tradeprice(1)-close>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)-PointsToKeep*pipsize ENDIF   //place the new stop orders on market at breakevenLevel IF SHORTONMARKET AND breakevenLevel>0 THEN EXITSHORT AT breakevenLevel STOP if countofshortshares=amount then exitshort Lot2Close contract at market endif ENDIF // --- end of SELL SIDE ---

   

  2 users thanked author for this post.

  garyoaten, robertogozzi

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20863

  Been thanked: 4774 times
  02/19/2019 at 11:39 AM #91739
  wsmurray

  This is also a strategy I wish to use but I don’t know how to add the code into PRT.

  Can you point me in the right direction to where it explains how to add code please.

  Also how do you control the size of the order which will decrease as the stop loss increases or is this obvious once the code is added?

  Many thanks

  Stuart

  

  wsmurray

  Participant

  Topics: 1

  Replies: 1

  Been thanked: 0 times
  02/19/2019 at 5:16 PM #91763
  Nicolas

  @wsmurray

  Look at the ProRealTime YouTube playlist about trading systems: https://www.youtube.com/playlist?list=PLGw_ZtCHrQ9gkYd50s9qd49uzyqxcK8gE

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20863

  Been thanked: 4774 times
  02/26/2019 at 12:29 PM #92356
  garyoaten

  I know this should be easy but I am struggling to put it all together. Any help much appreciated?

  How to code breakeven when at 80% to target?

  defparam cumulateorders=false // --- settings ATR = 100 //daily ATR value myTarget = 1.25 //target profit coefficient Capital = 25000 //capital at starting of the strategy Risk = 2 //risk in % StartTime = 080000 EndTime = 163000 // --- end of settings //indis ema20 = average[20,1] istd = std[20] bollup = ema20+(istd*2) bolldn = ema20-(istd*2) tcondition = (time>=StartTime and time<=EndTime) and (opendayofweek>=1 and opendayofweek<=5) if tcondition then //short orders if high-ema20>ATR*0.2 and low>bollup then //money managenemt sellentry = low-1*pointsize sellstoploss = high+2*pointsize StopLoss = sellstoploss-sellentry selltarget = StopLoss*myTarget equity = Capital + StrategyProfit maxrisk = round(equity*(Risk/100)) PositionSize = abs(round((maxrisk/StopLoss)/PointValue)*pipsize) //pending order sellshort PositionSize contract at sellentry stop set target profit selltarget set stop loss StopLoss endif //long orders if ema20-low>ATR*0.2 and high<bolldn then //money managenemt buyentry = high+1*pointsize buystoploss = low-2*pointsize StopLoss = buyentry-buystoploss buytarget = StopLoss*myTarget equity = Capital + StrategyProfit maxrisk = round(equity*(Risk/100)) PositionSize = abs(round((maxrisk/StopLoss)/PointValue)*pipsize) //pending order buy PositionSize contract at buyentry stop set target profit buytarget set stop loss StopLoss endif endif //graph high-ema20>ATR*0.2 and low>bollup

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53

  defparam cumulateorders=false   // --- settings ATR = 100 //daily ATR value myTarget = 1.25 //target profit coefficient Capital = 25000 //capital at starting of the strategy Risk = 2 //risk in % StartTime = 080000 EndTime = 163000 // --- end of settings   //indis ema20 = average[20,1] istd = std[20] bollup = ema20+(istd*2) bolldn = ema20-(istd*2) tcondition = (time>=StartTime and time<=EndTime) and (opendayofweek>=1 and opendayofweek<=5)   if tcondition then //short orders if high-ema20>ATR*0.2 and low>bollup then //money managenemt sellentry = low-1*pointsize sellstoploss = high+2*pointsize StopLoss = sellstoploss-sellentry selltarget = StopLoss*myTarget equity = Capital + StrategyProfit maxrisk = round(equity*(Risk/100)) PositionSize = abs(round((maxrisk/StopLoss)/PointValue)*pipsize) //pending order sellshort PositionSize contract at sellentry stop set target profit selltarget set stop loss StopLoss endif   //long orders if ema20-low>ATR*0.2 and high<bolldn then //money managenemt buyentry = high+1*pointsize buystoploss = low-2*pointsize StopLoss = buyentry-buystoploss buytarget = StopLoss*myTarget equity = Capital + StrategyProfit maxrisk = round(equity*(Risk/100)) PositionSize = abs(round((maxrisk/StopLoss)/PointValue)*pipsize) //pending order buy PositionSize contract at buyentry stop set target profit buytarget set stop loss StopLoss endif endif   //graph high-ema20>ATR*0.2 and low>bollup

  

  garyoaten

  Participant

  Topics: 3

  Replies: 15

  Been thanked: 2 times
• Author
  Posts