Ledge ATR Strategy

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Viewing 15 posts - 1 through 15 (of 23 total)
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  • 08/25/2017 at 2:49 PM #44636
    RoLaDay

    Hello,

    I would love to create a strategy for the ATR Ledge Indicator. Maybe someone is able to help? It is currently not working and I don’t know why..

    Thanks a lot!

    08/28/2017 at 12:46 PM #44756
    Nicolas

    I did not test your code, but the first thing I can tell you is that your pending orders (STOP and LIMIT ones) are only set at 010500 time and only for 1 bar.

    Pending orders only last 1 bar and should be placed at market each new bar.

    08/29/2017 at 9:02 AM #44796
    RoLaDay

    Hello Nicolas,

    is it recommended to place the pending order at market each new bar or is it then generating new entries for every new bar? How would that work?

    08/29/2017 at 9:19 AM #44800
    Despair

    A market order will executed with the open of the next bar, so this should NOT be repeated every bar. Limit- and stop-orders on the other hand are only valid one bar and have to repeated if this is what you desire.

    The only pending orders that do not have to repeated are the once you put with the set command (set stop loss for example).

    08/29/2017 at 9:46 AM #44808
    RoLaDay

    ok I understand. But I really don’t have a clue how to solve the problem. If I change the code to “buy / sellshort 1 share at market” instead of “stop” it only buys at the particular time and it does ignore the other condition.

    I want to buy if it’s over c and set a stop at d. Target would be b. And I want to sell if it’s under d and set stop at c. Target would be e.

    I don’t have a clue how to change the stop order to something else.

    08/29/2017 at 9:56 AM #44810
    Despair

    Here you go.

    08/29/2017 at 10:47 AM #44814
    RoLaDay

    Thanks a lot for your help but it’s not working

    08/29/2017 at 11:08 AM #44820
    Despair

    Can you be more specific what is the problem? I assume that you maybe have a mistake in the calculation of the variables. It is easy to get confused with points/pips and price.

    08/29/2017 at 11:30 AM #44825
    Nicolas

    If you are not on market, you should placed your pending orders until you get market orders. This is how you should develop the code of your strategy.

    08/29/2017 at 11:30 AM #44826
    RoLaDay

    The problem is that the code above is not working. I want to use it for Forex. Nicolas said that my pending orders are only set at 010500. I want to change this that ithe system starts when the specific entry points are reached and not a specific time. Your code is looking good for me too but it doesn’t work

    08/29/2017 at 11:39 AM #44828
    Nicolas

    I don’t know for which instruments your strategy is, your code seems correct, but you should try to code it into 2 different parts instead: one that calculate the price levels for your pending orders at 010500 and one that continuously put your pending orders until one of them triggered.

    08/29/2017 at 12:13 PM #44836
    RoLaDay

    Sounds complicated. Any recommendations or is there a guide how I can code it into 2 different parts?

     

    There is a picture of the indicator attached. I want to buy at the first green line in the middle and sell at the second, vice versa sell at the first red line from the middle and target profit at the second red line.

    08/29/2017 at 3:53 PM #44865
    Jessar

    I think you also want the only one position is open until it reaches the goal or the stop again? Would the market move to the first green line in a sideways movement, which could be fatal if strategy X opened positions?

     

    I am quite good at developing strategies myself, but I have no idea of programming myself, I only manage to mend strategies from others.

    08/29/2017 at 5:59 PM #44873
    Despair

    @Jessar: Just come with your ideas. Maybe there is something I can code for you.

    08/30/2017 at 7:09 AM #44892
    RoLaDay

    @jessar: exactly it should only open one short or long until it is closed.

    Any ideas?

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