Crosses over vs. “>”

• 10/26/2023 at 7:24 AM #222933
  kt

  Hi Experts,

  I could use some assistance in comprehending the outcomes produced by various entry and exit coding strategies. I learned this lesson the hard way, incurring significant losses because my initial code failed to trigger an exit from the market. My primary question is, “What accounts for the discrepancy in results between option #1 and options #2 & 3?” In Result A, I achieved the intended clean entry and exit, while Result B did not meet my expectations

  // Universal codes for all options =================
  timeframe(30 minute, updateonclose)
  sp050a = supertrend[0.5,336]

  timeframe(default) // Default is a timeframe that is less than 30-min, e.g. I ran the program at one min
  sp050ad = supertrend[0.5,10]

  // Option #1, Result A (see picture attached) =============
  longentry =   close > sp050a and close crosses over sp050ad.  // buy at market
  longx =  close < sp050a.  // sell at market

  // Option #2, Result B (see picture attached ) =================
  timeframe(default)
  longentry =   close > sp050a and close > sp050ad
  longx =  close crosses under sp050a

  // Option #3, Result B (see picture attached) ==========
  longentry =   close > sp050a and close > sp050ad
  longx =  close < sp050a

  

  kt

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  10/26/2023 at 7:38 AM #222936
  kt

  Sorry, my inquiry in the 1st post isn’t clear.  Adding on to the post and new attachments.

  // Opt A: Result AA. Good
  longentry = close > sp050a and close > sp050ad. // buy
  longx = close crosses under sp050a  // sell

  // Opt B: Result BB. Bad
  longentry = close > sp050a and close > sp050ad
  longx = close < sp050a

  

  kt

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  10/26/2023 at 9:48 AM #222943
  GraHal

  From the Topic title …

  1.  Crosses Over = True in 1 bar ONLY and needs Crosses Under = True before Crosses Over = True again.

  2.  > = True in 1 bar AND True for every bar following until < = True.

  Hope above helps a bit?

   

  

  GraHal

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  10/26/2023 at 10:07 AM #222944
  kt

  Hi Grahal,

  Understand, but it doesn’t explain the situation I encountered.

  The following did not Exit the position in real trade and in simulation, although the price has gone way way down below the sp050ad price indicator.  Fyi, I’m seeing a 1/10 of my money vanished after I woke up the next morning 🙁   e.g.  I entered a Long and now the price had gone way way way way down and yes, it still hasn’t exit.

  longentry = close > sp050a and close > sp050ad
  longx = close < sp050ad

  

  kt

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  10/26/2023 at 10:23 AM #222945
  robertogozzi

  longx = close < sp050ad means that at closing time the CLOSE is tested agains SP050AD and the trade closed if below.

  It may have happened, especially in case of higher timeframes, that the LOW has gone much lower than sp050ad  but a retracement has caused the price to rise again to a level ABOVE or EQUAL to sp050ad. Thus the trade has not been closed.

  You may replace the above statement with longx = LOW < sp050ad, or use pending orders to exit at the desired price level live (while the candle is being formed), without waiting for a candlestick to close.

   

  

  robertogozzi

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  10/26/2023 at 10:56 AM #222947
  kt

  Hi Roberto,

  The issue has been resolved; thank you for your help. I suspect that the buy and sell indicators at my specified price level, using Supertrend with an ATR of 0.5 in this case, might have caused confusion within the system. It seems that the conditions aligned for both buy and sellshort (or sell and exitshort) simultaneously, which may have hindered the system’s actions. As an alternative approach, I am considering adjusting the Supertrend ATR to 0.45. This has been an enlightening lesson for me.

  Thanks All!

  

  kt

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