Central Bank Dealers Range – Reversal strategy Help please!

• 06/01/2024 at 3:55 PM #233377
  robertogozzi

  druby is right, change those lines as recommended. This change will still keep your SL changing every candle.

  If you want to set your SL only once, I recommend adding these lines at the beginning of your code (in between lines 1 and 2):

  IF LongOnMarket AND Not LongOnMarket[1] THEN SET STOP LOSS StopLoss1 ENDIF IF ShortOnMarket AND Not ShortOnMarket[1] THEN SET STOP LOSS StopLoss ENDIF

  1 2 3 4 5 6

  IF LongOnMarket AND Not LongOnMarket[1] THEN    SET STOP LOSS StopLoss1 ENDIF IF ShortOnMarket AND Not ShortOnMarket[1] THEN    SET STOP LOSS StopLoss ENDIF

  this will set your SL according to the values retained when the pending order was set (the prior candle).

  If you want to set your SL according to the values set when the order was triggered (the currently closed candle), then add those lines in between lines 52 and 53, instead.

   

   

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  06/02/2024 at 1:24 AM #233383
  crolakstrading

  Hi druby and robertogozzi,

  I have tried adding as robberto mentioned but did not change anything and still the same.

  Once the long or the short entry is triggered, SL or TP must not change. should stay the same but it should not go till the next trade. is it possible to cancel everything maybe just before at 19.00. means will exit the whole trade with a loss or a profit as SL or the TP not hit. and everything to be calculated fresh as a new trade from 1900-0100 next day? seems like this one goes on until the SL or the TP hit? Please correct me if I’m wrong.

  I have added the same example EURUSD – May 14th still entered and exit at the same time.

  Robberto's update

  DEFPARAM CumulateOrders = False IF LongOnMarket AND Not LongOnMarket[1] THEN SET STOP LOSS StopLoss1 ENDIF IF ShortOnMarket AND Not ShortOnMarket[1] THEN SET STOP LOSS StopLoss ENDIF starttime = 191500 endtime = 011500 trigTime = 100000 // added! //------------------------------------------------------ open data window if time = starttime and startFlag = 0 then startFlag = 1 startBar = barindex hh = 0 ll = 0 endFlag = 0 trigFlag = 0 endif //------------------------------------------------------ update hh/ll while in window open if startFlag = 1 then if high > hh then hh = high endif if low < ll or ll = 0 then ll = low endif endif //------------------------------------------------------ close data window if time = endTime and startFlag = 1 and endFlag = 0 then endFlag = 1 endBar = barindex startFlag = 0 elsif startFlag = 1 then endbar = barindex endif //------------------------------------------------------ when window closed if endFlag = 1 then dif = hh-ll fib38 = hh fib0 = ll endif //------------------------------------------------------ when trigger time reached if time >= trigTime and startFlag = 0 and endFlag = 1 then // added! +2 lines trigFlag = 1 endif EntryPrice = (fib38-fib0)*2.5+fib0 EntryPrice1 = (fib0-fib38)*1.5+fib0 StopLoss = (fib38-fib0)*3.0050+fib38 StopLoss1 = (fib0-fib38)*3.0050+fib0 takeprofit = (fib38-fib0)/2+fib0 //changed takeprofit1 = (fib0-fib38)/2+fib0 //changed! // Conditions to enter Short positions IF NOT ShortOnMarket AND startFlag = 0 and endFlag = 1 and trigFlag = 0 then // changed! SEllSHORT 1 CONTRACTS AT EntryPrice LIMIT ENDIF IF OnMarket THEN SET STOP LOSS StopLoss Endif Set Target pProfit takeprofit // Conditions to enter long positions //IF NOT LongOnMarket AND >tradingtime< and >value2< THEN //????? was this line in error --- If NOT LongOnMarket AND startFlag = 0 and endFlag = 1 and trigFlag = 0 then // changed and added! BUY 1 CONTRACTS AT EntryPrice1 LIMIT ENDIF IF OnMarket THEN SET STOP LOSS StopLoss1 ENDIF Set Target pProfit takeprofit1

  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 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78

  DEFPARAM CumulateOrders = False IF LongOnMarket AND Not LongOnMarket[1] THEN SET STOP LOSS StopLoss1 ENDIF IF ShortOnMarket AND Not ShortOnMarket[1] THEN SET STOP LOSS StopLoss ENDIF starttime = 191500 endtime   = 011500 trigTime  = 100000 // added! //------------------------------------------------------ open data window if time = starttime and startFlag = 0   then startFlag = 1 startBar = barindex hh = 0 ll = 0 endFlag = 0 trigFlag = 0 endif   //------------------------------------------------------ update hh/ll while in window open if startFlag = 1 then if high > hh then hh = high endif if low < ll or ll = 0 then ll = low endif endif   //------------------------------------------------------ close data window if time = endTime and startFlag = 1 and endFlag = 0 then endFlag = 1 endBar = barindex startFlag = 0 elsif startFlag = 1 then endbar = barindex endif   //------------------------------------------------------ when window closed if endFlag = 1 then dif = hh-ll fib38 = hh fib0  = ll endif //------------------------------------------------------ when trigger time reached if time >= trigTime and startFlag = 0 and endFlag = 1 then     // added! +2 lines trigFlag = 1 endif    EntryPrice = (fib38-fib0)*2.5+fib0 EntryPrice1 = (fib0-fib38)*1.5+fib0 StopLoss = (fib38-fib0)*3.0050+fib38 StopLoss1 = (fib0-fib38)*3.0050+fib0 takeprofit = (fib38-fib0)/2+fib0     //changed takeprofit1 = (fib0-fib38)/2+fib0    //changed!     // Conditions to enter Short positions IF NOT ShortOnMarket AND startFlag = 0  and endFlag = 1 and trigFlag = 0 then  // changed! SEllSHORT 1 CONTRACTS AT EntryPrice LIMIT ENDIF IF OnMarket THEN SET STOP LOSS StopLoss Endif Set Target pProfit takeprofit   // Conditions to enter long positions //IF NOT LongOnMarket AND >tradingtime< and >value2< THEN                        //????? was this line in error  ---   If NOT LongOnMarket AND startFlag = 0 and endFlag = 1 and trigFlag = 0 then  // changed and added! BUY 1 CONTRACTS AT EntryPrice1 LIMIT ENDIF IF OnMarket THEN SET STOP LOSS StopLoss1 ENDIF Set Target pProfit takeprofit1

  I really appreciate all of your attention, thank you once again.

  

  crolakstrading

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  06/02/2024 at 9:08 AM #233392
  JS

  Hi,

  These levels are calculated as a percentage of the original range (Diff=HH-LL) …

  Is this what you’re looking for?

  The difference in notation is because you are probably on a “spread betting account”…

  

  JS

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  06/02/2024 at 10:02 AM #233394
  crolakstrading

  Hi JS,

  Your Pic example shows exactly what should happen. should this change to calculate values instead of percentages if it doesn’t work on spread betting? 🙁

  

  crolakstrading

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  06/02/2024 at 10:15 AM #233396
  JS

  It will make no difference…

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  06/02/2024 at 10:17 AM #233397
  JS

  Hi,

  (Intra) Day starts at 00:00

  First action at 01:00: determine the range (HH-LL) over the last six hours…

  (Six hours corresponds to the time between yesterday 19:00 and today 01:00)

  You only set a new range when there is no position open, this to prevent the SL and TP from changing while a position is open…

   If OpenTime=010000 and NOT OnMarket then

  HH=Highest[24](High)

  LL=Lowest[24](Low)

  diff=HH-LL

  Level0=HH

  Level100=LL

  EndIf

  Second action runs from 01:00 to 10:00

  Positions can be opened in this time slot, but only if there is no open position yet…

  If Time>010000 and Time<100000 and NOT OnMarket then

  If Low<Level0-(Diff*Mult) then

  Buy 1 contract at Market

  EndIf

  If Close>Level100+(Diff*Mult) then

  SellShort 1 contract at Market

  EndIf

  Set Stop Loss SL*Diff

  Set Target Profit TP*Diff

  EndIf

  That’s it…

  Reversal Strategy V2

  DefParam CumulateOrders=False If OpenTime=010000 and NOT OnMarket then HH=Highest[24](High) LL=Lowest[24](Low) Diff=HH-LL Level0=HH Level100=LL EndIf If Time>010000 and Time<100000 and NOT OnMarket then If Low<Level0-(Diff*Mult) then Buy 1 contract at Market EndIf If Close>Level100+(Diff*Mult) then SellShort 1 contract at Market EndIf Set Stop Loss SL*Diff Set Target Profit TP*Diff EndIf //GraphOnPrice HH as "HH" //GraphOnPrice LL as "LL" GraphOnPrice Level0 as "Level0" GraphOnPrice Level100 as "Level100" Graph Diff as "Diff" GraphOnPrice (Level0-(Diff*Mult)) as "EntryLong" coloured("Green") GraphOnPrice (Level100+(Diff*Mult)) as "EntryShort" coloured("Green") GraphOnPrice (Level0-(Diff*Mult))-(SL*Diff) as "SLLong" coloured("Red") GraphOnPrice (Level100+(Diff*Mult))+(SL*Diff) as "SLShort" coloured("Red") GraphOnPrice (Level0-(Diff*Mult))+(TP*Diff) as "TPLong" coloured("Blue") GraphOnPrice (Level100+(Diff*Mult))-(TP*Diff) as "TPShort" coloured("Blue")

  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

  DefParam CumulateOrders=False   If OpenTime=010000 and NOT OnMarket then HH=Highest[24](High) LL=Lowest[24](Low) Diff=HH-LL Level0=HH Level100=LL EndIf   If Time>010000 and Time<100000 and NOT OnMarket then If Low<Level0-(Diff*Mult) then Buy 1 contract at Market EndIf   If Close>Level100+(Diff*Mult) then SellShort 1 contract at Market EndIf Set Stop Loss SL*Diff Set Target Profit TP*Diff EndIf   //GraphOnPrice HH as "HH" //GraphOnPrice LL as "LL" GraphOnPrice Level0 as "Level0" GraphOnPrice Level100 as "Level100" Graph Diff as "Diff" GraphOnPrice (Level0-(Diff*Mult)) as "EntryLong" coloured("Green") GraphOnPrice (Level100+(Diff*Mult)) as "EntryShort" coloured("Green") GraphOnPrice (Level0-(Diff*Mult))-(SL*Diff) as "SLLong" coloured("Red") GraphOnPrice (Level100+(Diff*Mult))+(SL*Diff) as "SLShort" coloured("Red") GraphOnPrice (Level0-(Diff*Mult))+(TP*Diff) as "TPLong" coloured("Blue") GraphOnPrice (Level100+(Diff*Mult))-(TP*Diff) as "TPShort" coloured("Blue")

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  JS

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  06/02/2024 at 10:34 AM #233398
  JS

  If you want to see the same values as on my screenshot, use:

  DefParam CumulateOrders=False
  Mult=2.5
  SL=1.5
  TP=2
  If OpenTime=010000 and NOT OnMarket then
  …

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  06/03/2024 at 1:13 AM #233412
  crolakstrading

  Hi JS,

  It works nicely… only one or two entries are in different values! thanks very much I’m happy at least to develop this strategy to this level!

  I noticed something on EURUSD 17MAY – SL hit at 9.30am and then at 9.45am another long trade gets triggered. is this because it’s before 10am? how to cancel that? same thing has happen on the 17MAR! Please see attached example. How to avoid this please? Please see attached example

  DefParam CumulateOrders=False Mult=2.5 SL=1.5 TP=2 If OpenTime=010000 and NOT OnMarket then HH=Highest[24](High) LL=Lowest[24](Low) Diff=HH-LL Level0=HH Level100=LL EndIf If Time>010000 and Time<100000 and NOT OnMarket then If Low<Level0-(Diff*Mult) then Buy 1 contract at Market EndIf If Close>Level100+(Diff*Mult) then SellShort 1 contract at Market EndIf Set Stop Loss SL*Diff Set Target Profit TP*Diff EndIf //GraphOnPrice HH as "HH" //GraphOnPrice LL as "LL" GraphOnPrice Level0 as "Level0" GraphOnPrice Level100 as "Level100" Graph Diff as "Diff" GraphOnPrice (Level0-(Diff*Mult)) as "EntryLong" coloured("Green") GraphOnPrice (Level100+(Diff*Mult)) as "EntryShort" coloured("Green") GraphOnPrice (Level0-(Diff*Mult))-(SL*Diff) as "SLLong" coloured("Red") GraphOnPrice (Level100+(Diff*Mult))+(SL*Diff) as "SLShort" coloured("Red") GraphOnPrice (Level0-(Diff*Mult))+(TP*Diff) as "TPLong" coloured("Blue") GraphOnPrice (Level100+(Diff*Mult))-(TP*Diff) as "TPShort" coloured("Blue")

  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

  DefParam CumulateOrders=False Mult=2.5 SL=1.5 TP=2 If OpenTime=010000 and NOT OnMarket then HH=Highest[24](High) LL=Lowest[24](Low) Diff=HH-LL Level0=HH Level100=LL EndIf   If Time>010000 and Time<100000 and NOT OnMarket then If Low<Level0-(Diff*Mult) then Buy 1 contract at Market EndIf   If Close>Level100+(Diff*Mult) then SellShort 1 contract at Market EndIf Set Stop Loss SL*Diff Set Target Profit TP*Diff EndIf   //GraphOnPrice HH as "HH" //GraphOnPrice LL as "LL" GraphOnPrice Level0 as "Level0" GraphOnPrice Level100 as "Level100" Graph Diff as "Diff" GraphOnPrice (Level0-(Diff*Mult)) as "EntryLong" coloured("Green") GraphOnPrice (Level100+(Diff*Mult)) as "EntryShort" coloured("Green") GraphOnPrice (Level0-(Diff*Mult))-(SL*Diff) as "SLLong" coloured("Red") GraphOnPrice (Level100+(Diff*Mult))+(SL*Diff) as "SLShort" coloured("Red") GraphOnPrice (Level0-(Diff*Mult))+(TP*Diff) as "TPLong" coloured("Blue") GraphOnPrice (Level100+(Diff*Mult))-(TP*Diff) as "TPShort" coloured("Blue")

   

  Thanks again to everyone developing this strategy.  Even though the original strategy is about Central Banks Dealers Range at 19.00-1.00 ! it gets very interesting when you change the time ranges in different markets.

  

  crolakstrading

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  06/03/2024 at 9:31 AM #233416
  JS

  Hi @crolakstrading

  That’s right, between Time>010000 and Time<100000, the system is free to open and close positions… I have changed the code so that only 1 trade is opened per day…

  A few points to consider…

  In line 14 “If Low<…” you can use the “Close” or the “Low”

  In line 18 “If Close>…” you can use the “Close” or the “High”

  Good luck with your system…

  Reversal Strategy V3

  DefParam CumulateOrders=False Mult=2.5 SL=1.5 TP=2 MaxTrades=1 //One Trade a Day If IntraDayBarIndex=0 then LongTally=0 ShortTally=0 EndIf If OpenTime=010000 and NOT OnMarket then HH=Highest[24](High) LL=Lowest[24](Low) Diff=HH-LL Level0=HH Level100=LL EndIf If Time>010000 and Time<100000 and NOT OnMarket then If Low<Level0-(Diff*Mult) and LongTally<MaxTrades then Buy 1 contract at Market LongTally=LongTally+1 EndIf If Close>Level100+(Diff*Mult) and ShortTally<MaxTrades then SellShort 1 contract at Market ShortTally=ShortTally+1 EndIf Set Stop Loss SL*Diff Set Target Profit TP*Diff EndIf //GraphOnPrice HH as "HH" //GraphOnPrice LL as "LL" GraphOnPrice Level0 as "Level0" GraphOnPrice Level100 as "Level100" //Graph Diff as "Diff" GraphOnPrice (Level0-(Diff*Mult)) as "EntryLong" coloured("Green") GraphOnPrice (Level100+(Diff*Mult)) as "EntryShort" coloured("Green") GraphOnPrice (Level0-(Diff*Mult))-(SL*Diff) as "SLLong" coloured("Red") GraphOnPrice (Level100+(Diff*Mult))+(SL*Diff) as "SLShort" coloured("Red") GraphOnPrice (Level0-(Diff*Mult))+(TP*Diff) as "TPLong" coloured("Blue") GraphOnPrice (Level100+(Diff*Mult))-(TP*Diff) as "TPShort" coloured("Blue")

  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

  DefParam CumulateOrders=False   Mult=2.5 SL=1.5 TP=2   MaxTrades=1 //One Trade a Day   If IntraDayBarIndex=0 then LongTally=0 ShortTally=0 EndIf   If OpenTime=010000 and NOT OnMarket then HH=Highest[24](High) LL=Lowest[24](Low) Diff=HH-LL Level0=HH Level100=LL EndIf   If Time>010000 and Time<100000 and NOT OnMarket then If Low<Level0-(Diff*Mult) and LongTally<MaxTrades then Buy 1 contract at Market LongTally=LongTally+1 EndIf   If Close>Level100+(Diff*Mult) and ShortTally<MaxTrades then SellShort 1 contract at Market ShortTally=ShortTally+1 EndIf Set Stop Loss SL*Diff Set Target Profit TP*Diff EndIf   //GraphOnPrice HH as "HH" //GraphOnPrice LL as "LL" GraphOnPrice Level0 as "Level0" GraphOnPrice Level100 as "Level100" //Graph Diff as "Diff" GraphOnPrice (Level0-(Diff*Mult)) as "EntryLong" coloured("Green") GraphOnPrice (Level100+(Diff*Mult)) as "EntryShort" coloured("Green") GraphOnPrice (Level0-(Diff*Mult))-(SL*Diff) as "SLLong" coloured("Red") GraphOnPrice (Level100+(Diff*Mult))+(SL*Diff) as "SLShort" coloured("Red") GraphOnPrice (Level0-(Diff*Mult))+(TP*Diff) as "TPLong" coloured("Blue") GraphOnPrice (Level100+(Diff*Mult))-(TP*Diff) as "TPShort" coloured("Blue")

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  JS

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  06/06/2024 at 12:34 AM #233571
  crolakstrading

  Hi @JS,

  Thanks very much again.. I have been checking this it works great I think. I changed the line 28 If Close> to If High>

  Some entries both short or long are a bit different. example EURUSD 17MAy it triggers 2 pips above. so instead of hitting TP it goes to SL. This might be a stupid question but is this because of the spread? please see below pic.

  Thank yo

  Central banks dealers range!

  DefParam CumulateOrders=False Mult=2.5 SL=1.5 TP=2 MaxTrades=1 //One Trade a Day If IntraDayBarIndex=0 then LongTally=0 ShortTally=0 EndIf If OpenTime=010000 and NOT OnMarket then HH=Highest[24](High) LL=Lowest[24](Low) Diff=HH-LL Level0=HH Level100=LL EndIf If Time>010000 and Time<100000 and NOT OnMarket then If Low<Level0-(Diff*Mult) and LongTally<MaxTrades then Buy 1 contract at Market LongTally=LongTally+1 EndIf If high>Level100+(Diff*Mult) and ShortTally<MaxTrades then SellShort 1 contract at Market ShortTally=ShortTally+1 EndIf Set Stop Loss SL*Diff Set Target Profit TP*Diff EndIf //GraphOnPrice HH as "HH" //GraphOnPrice LL as "LL" GraphOnPrice Level0 as "Level0" GraphOnPrice Level100 as "Level100" //Graph Diff as "Diff" GraphOnPrice (Level0-(Diff*Mult)) as "EntryLong" coloured("Green") GraphOnPrice (Level100+(Diff*Mult)) as "EntryShort" coloured("Green") GraphOnPrice (Level0-(Diff*Mult))-(SL*Diff) as "SLLong" coloured("Red") GraphOnPrice (Level100+(Diff*Mult))+(SL*Diff) as "SLShort" coloured("Red") GraphOnPrice (Level0-(Diff*Mult))+(TP*Diff) as "TPLong" coloured("Blue") GraphOnPrice (Level100+(Diff*Mult))-(TP*Diff) as "TPShort" coloured("Blue")

  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

  DefParam CumulateOrders=False   Mult=2.5 SL=1.5 TP=2   MaxTrades=1 //One Trade a Day   If IntraDayBarIndex=0 then LongTally=0 ShortTally=0 EndIf   If OpenTime=010000 and NOT OnMarket then HH=Highest[24](High) LL=Lowest[24](Low) Diff=HH-LL Level0=HH Level100=LL EndIf   If Time>010000 and Time<100000 and NOT OnMarket then If Low<Level0-(Diff*Mult) and LongTally<MaxTrades then Buy 1 contract at Market LongTally=LongTally+1 EndIf   If high>Level100+(Diff*Mult) and ShortTally<MaxTrades then SellShort 1 contract at Market ShortTally=ShortTally+1 EndIf Set Stop Loss SL*Diff Set Target Profit TP*Diff EndIf   //GraphOnPrice HH as "HH" //GraphOnPrice LL as "LL" GraphOnPrice Level0 as "Level0" GraphOnPrice Level100 as "Level100" //Graph Diff as "Diff" GraphOnPrice (Level0-(Diff*Mult)) as "EntryLong" coloured("Green") GraphOnPrice (Level100+(Diff*Mult)) as "EntryShort" coloured("Green") GraphOnPrice (Level0-(Diff*Mult))-(SL*Diff) as "SLLong" coloured("Red") GraphOnPrice (Level100+(Diff*Mult))+(SL*Diff) as "SLShort" coloured("Red") GraphOnPrice (Level0-(Diff*Mult))+(TP*Diff) as "TPLong" coloured("Blue") GraphOnPrice (Level100+(Diff*Mult))-(TP*Diff) as "TPShort" coloured("Blue")

   

  u in advance.

  

  crolakstrading

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  06/06/2024 at 7:36 AM #233573
  JS

  Hi @crolakstrading

  On May 17, the “EntryLong” is 1.085480, the “Low” (you have to look at the bar before the entry) is 1.08544 so a long position will be opened on the “Open” of the next bar (1.08557) …

  So, it’s exactly right and has nothing to do with the (unused) spread… 🙂

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  JS

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  06/11/2024 at 2:05 PM #233743
  crolakstrading

  @JS thank you so much! will test this more! 🙂

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  JS

  

  crolakstrading

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  06/11/2024 at 2:33 PM #233747
  JS

  Hi @crolakstrading

  Currently, the orders that are used in your system are “market orders”…

  These orders will never open exactly on the drawn lines because they open on the “Open” of the next bar…

  If you do want to have an exact execution on the lines, you will have to use a different type of order, for example “limit orders”…

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  06/11/2024 at 6:48 PM #233769
  crolakstrading

  HI @JS,

  yeah the lines show exact execution but entries are little bit different. how can we change it to “limit orders”? to get exact entry as the line? this will make the 17th loss in to a profit.

  If Time>010000 and Time<100000 and NOT ONMARKET then If Low<Level0-(Diff*Mult) and LongTally<MaxTrades then Buy 1 contract AT close LIMIT LongTally=LongTally+1 EndIf If high>Level100+(Diff*Mult) and ShortTally<MaxTrades then SellShort 1 contract AT close LIMIT ShortTally=ShortTally+1 EndIf Set Stop Loss SL*Diff Set Target Profit TP*Diff EndIf

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

  If Time>010000 and Time<100000 and NOT ONMARKET  then If Low<Level0-(Diff*Mult) and LongTally<MaxTrades then Buy 1 contract AT close LIMIT LongTally=LongTally+1 EndIf   If high>Level100+(Diff*Mult) and ShortTally<MaxTrades then SellShort 1 contract AT close LIMIT ShortTally=ShortTally+1 EndIf Set Stop Loss SL*Diff Set Target Profit TP*Diff EndIf

  tried but clearly i’m doing it wrong!!

  

  crolakstrading

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  06/13/2024 at 2:38 PM #233841
  JS

  Hi @crolakstrading

  Here is the system based on “Limit” orders instead of “Market” orders…

  Reversal Strategy V5

  TimeFrame(15 minutes) Mult=2.5 SL=1.5 TP=2 MaxDayTrades=1 If IntraDayBarIndex=0 then DayTrades=0 EndIf If OpenTime=010000 and NOT OnMarket then HH=Highest[24](High) LL=Lowest[24](Low) Diff=HH-LL Level0=HH Level100=LL Set Stop Price 0 Set Target Price 0 EndIf If Time>010000 and Time<100000 and NOT OnMarket and DayTrades=0 then Buy 1 contract at (Level0-(Diff*Mult)) Limit SellShort 1 contract at (Level100+(Diff*Mult)) Limit EndIf If LongOnMarket then Set Stop Price (Level0-(Diff*Mult))-(SL*Diff) Set Target Price (Level0-(Diff*Mult))+(TP*Diff) DayTrades=1 EndIf If ShortOnMarket then Set Stop Price (Level100+(Diff*Mult))+(SL*Diff) Set Target Price (Level100+(Diff*Mult))-(TP*Diff) DayTrades=1 EndIf GraphOnPrice Level0 as "Level0" GraphOnPrice Level100 as "Level100" GraphOnPrice (Level0-(Diff*Mult)) as "EntryLong" coloured("Green") GraphOnPrice (Level100+(Diff*Mult)) as "EntryShort" coloured("Green") GraphOnPrice (Level0-(Diff*Mult))-(SL*Diff) as "SLLong" coloured("Red") GraphOnPrice (Level100+(Diff*Mult))+(SL*Diff) as "SLShort" coloured("Red") GraphOnPrice (Level0-(Diff*Mult))+(TP*Diff) as "TPLong" coloured("Blue") GraphOnPrice (Level100+(Diff*Mult))-(TP*Diff) as "TPShort" coloured("Blue")

  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

  TimeFrame(15 minutes)   Mult=2.5 SL=1.5 TP=2   MaxDayTrades=1   If IntraDayBarIndex=0 then DayTrades=0 EndIf   If OpenTime=010000 and NOT OnMarket then HH=Highest[24](High) LL=Lowest[24](Low) Diff=HH-LL Level0=HH Level100=LL Set Stop Price 0 Set Target Price 0 EndIf   If Time>010000 and Time<100000 and NOT OnMarket and DayTrades=0 then Buy 1 contract at (Level0-(Diff*Mult)) Limit SellShort 1 contract at (Level100+(Diff*Mult)) Limit EndIf   If LongOnMarket then Set Stop Price (Level0-(Diff*Mult))-(SL*Diff) Set Target Price (Level0-(Diff*Mult))+(TP*Diff) DayTrades=1 EndIf   If ShortOnMarket then Set Stop Price (Level100+(Diff*Mult))+(SL*Diff) Set Target Price (Level100+(Diff*Mult))-(TP*Diff) DayTrades=1 EndIf   GraphOnPrice Level0 as "Level0" GraphOnPrice Level100 as "Level100" GraphOnPrice (Level0-(Diff*Mult)) as "EntryLong" coloured("Green") GraphOnPrice (Level100+(Diff*Mult)) as "EntryShort" coloured("Green") GraphOnPrice (Level0-(Diff*Mult))-(SL*Diff) as "SLLong" coloured("Red") GraphOnPrice (Level100+(Diff*Mult))+(SL*Diff) as "SLShort" coloured("Red") GraphOnPrice (Level0-(Diff*Mult))+(TP*Diff) as "TPLong" coloured("Blue") GraphOnPrice (Level100+(Diff*Mult))-(TP*Diff) as "TPShort" coloured("Blue")

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  JS

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