Candlestick Coding

• 08/06/2019 at 2:49 AM #104244
  chrisk007

  Hi Guys,

  Relatively new to ProReal. Wanting to get direction on setting automated trading rules for candlesticks. Probuilder is based mainly on indicators, however I want to be testing an algorithm based on candlestick presentation. Its a simple formula that has been working well manually. Any assistance or direction will be appreciated.

   

  I note ProScanner can locate current or completed candlesticks, but does not provide me to place certain automated buy/sell rules

   

  Many thanks

   

  Chris

  

  chrisk007

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  08/06/2019 at 9:10 AM #104249
  GraHal

  You are using the wrong tool and (therefore) you have also posted in the wrong Forum.

  The tool you need to develop Auto-Systems is as shown by the red arrowheads on attached.

  

  GraHal

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  08/06/2019 at 9:38 AM #104251
  robertogozzi

  I moved your topic to ProOrder support.

  By using the search box that opens whenever you hover your avatar on the upper right corner of the blue ribbon and writing CANDLESTICK (case insensitive) you’ll find many examples, screeners, indicators and strategies, among these:

  https://www.prorealcode.com/prorealtime-indicators/candlestick-pattern-indicator-2-0/

  https://www.prorealcode.com/prorealtime-indicators/candlestick-patterns-recognition/

  ProBuilder is ONLY based on Indicators.

  ProScreener is ONLY based on screeners (market scanners).

  ProOrder is ONLY based on automated strategies.

  ProBackTest is ONLY based on backtesting.

  This is a very simple code to enter Long (only) whenever a bullish engulfing is met:

  Bullish Engulfind strategy

  Bullish = close > open Bearish = close < open Body = abs(open- close) Opposite = Bullish AND Bearish[1] BullEngulf = Opposite AND Body > Body[1] AND open <= close[1] AND close >= open[1] IF Not OnMarket AND BullEngulf THEN BUY 1 CONTRACT AT Market SET TARGET pPROFIT 50 SET STOP pLOSS 20 ENDIF

  1 2 3 4 5 6 7 8 9 10

  Bullish    = close > open Bearish    = close < open Body       = abs(open- close) Opposite   = Bullish AND Bearish[1] BullEngulf = Opposite AND Body > Body[1] AND open <= close[1] AND close >= open[1] IF Not OnMarket AND BullEngulf THEN    BUY 1 CONTRACT AT Market    SET TARGET pPROFIT 50    SET STOP   pLOSS   20 ENDIF

   

   

  

  robertogozzi

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  08/06/2019 at 9:42 AM #104252
  chrisk007

  GraHal

  Thank you for responding. I am well aware of the Backtesting and Automatic Trading section. I have experimented many times utilising indicators such as Moving Averages, MACD, RSI etc. in that area.

  My question was related to be able to use the same section you kindly pointed out to act on candlestick formations. When I go into Backtesting and Automatic trading section there are no options to select for instance, a doji candlestick and when it appears to implement my trading rules.

   

  Many thanks for your time.

   

  Regards

  Chris

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  GraHal

  

  chrisk007

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