Maximize profit DAX 1 minute

This topic has 16 replies, 5 voices, and was last updated 4 years ago by ladis.

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12/12/2019 at 4:45 PM #114754

ladis

Hello to you all,

I hope that someone here can help me with the following problem, because I don’t know how to code it.

I trade dax futures in the 1 min frame.

When my indicator gives the right signal, I buy 1 future long.

If the index drops more than 30 point below my entry point I buy another one. If it drops more than 60 point below the first entry point I buy another one

My TARGET pPROFIT is pointofpositionprice +14 pips.

It allways reaches this target, but sometimes I first have a drawdown of 100 pips before it does so and sometimes it crushes through the 14 pips and keeps on climbing.

So I would like to implement a trailingstop SET STOP pTRAILING 14

I tried different methods, but it doesn’t work.

Below is what I have now.

In attachment I try to explain what I mean. I appologise if I didn’t make myself clear.

Many thanks in advance!

All the best with your coding and trading!!!

DEFPARAM CumulateOrders = true 

indicator1 = CALL "long DAX 1 Beste"[28,7,35,19](close)
c2 = (indicator1 >= 2)


if time>081000 and time<212500 AND ONMARKET = 0 then
IF c2 THEN
BUY 2 SHARES AT MARKET
ENDIF
endif
if longonmarket and countofposition = 2 and positionprice - close > 30 then
buy 1 shares at market
endif

if longonmarket and countofposition = 3 and positionprice - close >  50 then
buy 1 shares at market
endif

if longonmarket and countofposition = 4 and positionprice - close >  100 then
buy 1 shares at market
endif

SET TARGET pPROFIT +14

DEFPARAM CumulateOrders = true

indicator1 = CALL "long DAX 1 Beste"[28,7,35,19](close)

c2 = (indicator1 >= 2)

if time>081000 and time<212500 AND ONMARKET = 0 then

IF c2 THEN

BUY 2 SHARES AT MARKET

ENDIF

endif

if longonmarket and countofposition = 2 and positionprice - close > 30 then

buy 1 shares at market

endif

if longonmarket and countofposition = 3 and positionprice - close > 50 then

buy 1 shares at market

endif

if longonmarket and countofposition = 4 and positionprice - close > 100 then

buy 1 shares at market

endif

SET TARGET pPROFIT +14

ladis

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12/12/2019 at 10:35 PM #114783

GraHal

Did you try looking in the Snippet Link Library … link to a Topic containing 4 Trailing SL below (it’s Log 11 in the Snippet Library)

Snippet Link Library

https://www.prorealcode.com/topic/trailing-stop-and-breakeven-codes/#post-93285

Let us know how you get on please?

EDIT / PS

There are several more rows containing Trailing Stops in that Link Library … use the ‘Find’ function on Trailing.

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ladis

GraHal

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12/12/2019 at 11:02 PM #114785

GraHal

I’ve just ‘named as Type’ … 10 x Trailing Stop snippets … filter on column B on the Link below

Snippet Link Library

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ladis

GraHal

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12/12/2019 at 11:15 PM #114787

ladis

Fantastic! I didn’t know about this snippet list.

I am going to search through the list and try them out tomorrow and I will keep you posted.

Many thanks and good night!

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GraHal

ladis

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12/13/2019 at 8:25 PM #114842

ladis

Dear GraHal,

I tried the different trailing setups from the snippet link library, but they never give an outcome as good as just setting the pPROFIT +14.(attachment 18/12/2018 (when PRT started to load dayround FDAX) till today)

The problem is that quite some times the index goes a bit in the good direction and then falls back so the (trailing) stoploss is hit. If I set the trailingstart too high( >20), the results drop (trail 1) so I don’t know how to adjust this.

When I trade manually and when the index > 14 point above start, I set a trailing stop manually at the broker. If I set a goal > 14 I go overnight and my position could be forcefully closed by IB. 🙁

When I fully autotrade I miss the extra “index-up” when there is one and that could be a major extra bonus.

Any idea’s?

Many thanks and have a wonderful weekend!

ladis

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12/13/2019 at 8:37 PM #114843

ladis

Attachment was not included… Sorry

ladis

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12/16/2019 at 12:01 PM #114969

Nicolas

Since you don’t know how the market will behave, how do you want to know in advance the best trailing stop setting in points? Trailing stop is sometimes not a good choice, because it cuts dramatically the profit in the overall results.

In your averaging down scenario, I would say that if you want to include a trailing stop, the MFE type one would be the first idea to start with. But there will always a setting in points that sometimes would act as the best choice and sometimes not ..!

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ladis

Nicolas

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12/16/2019 at 12:42 PM #114971

ladis

Thank you Nicolas for your reply. Indeed you are right.(as if somebody would have doubted that 🙂 )

I tested the different kind of trailingstops in the snippet library, but there is no good outcome for such short trades.

I stick to the TARGET pPROFIT and a STOP pLOSS. Works best.

After 6 months of testing and auto-paper-trading, I hope to go live in January.

I will keep you posted…

ladis

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01/07/2020 at 1:57 PM #116126

ladis

If I want to do the same for short, then I am not able to sellshort another share.

Does anybody know what I do wrong?

It doesn’t add more short and it doesn’t exitshort when time > 215500

DEFPARAM CumulateOrders = false 

indicator1 = CALL "Short Dax 1 min 07012020"[73, 15, 30, 84](close)
c1 = (indicator1 =< -3)
if time>085900 and time<212500 and NOT SHORTONMARKET THEN
IF c1 THEN
SELLSHORT 2 SHARES AT MARKET
ENDIF
endif
if shortonmarket and countofposition = 2 and close-positionprice > 30 then
sellshort 1 shares at market
endif

SET target pPROFIT +12

if time > 215500 and countofposition > 1 then
exitshort 1 share at market
endif

DEFPARAM CumulateOrders = false

indicator1 = CALL "Short Dax 1 min 07012020"[73, 15, 30, 84](close)

c1 = (indicator1 =< -3)

if time>085900 and time<212500 and NOT SHORTONMARKET THEN

IF c1 THEN

SELLSHORT 2 SHARES AT MARKET

ENDIF

endif

if shortonmarket and countofposition = 2 and close-positionprice > 30 then

sellshort 1 shares at market

endif

SET target pPROFIT +12

if time > 215500 and countofposition > 1 then

exitshort 1 share at market

endif

ladis

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01/07/2020 at 2:18 PM #116131

Nicolas

It doesn’t add more short orders because you have set CumulateOrders to false! 😉

COUNTOFPOSITION is negative for short orders, you should code it like this:

if time > 215500 and countofposition < -1 then

1	if time > 215500 and countofposition < -1 then

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ladis

Nicolas

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01/07/2020 at 2:37 PM #116136

ladis

Ok. That was not so smart of me… Many thanks Nicolas.

Now I tried:

DEFPARAM CumulateOrders = true 

indicator1 = CALL "Short Dax 1 min 07012020"[73, 15, 30, 84](close)
c1 = (indicator1 =< -3)
if time>085900 and time<212500 and NOT SHORTONMARKET THEN
IF c1 THEN
SELLSHORT 2 SHARES AT MARKET
ENDIF
endif
if shortonmarket and countofposition = -2 and positionprice - close > 30 then
sellshort 1 shares at market
endif

SET target pPROFIT +12

if time > 215500 and countofposition < -1 then
exitshort 1 share at market
endif

DEFPARAM CumulateOrders = true

indicator1 = CALL "Short Dax 1 min 07012020"[73, 15, 30, 84](close)

c1 = (indicator1 =< -3)

if time>085900 and time<212500 and NOT SHORTONMARKET THEN

IF c1 THEN

SELLSHORT 2 SHARES AT MARKET

ENDIF

endif

if shortonmarket and countofposition = -2 and positionprice - close > 30 then

sellshort 1 shares at market

endif

SET target pPROFIT +12

if time > 215500 and countofposition < -1 then

exitshort 1 share at market

endif

but it still won’t go short 1 more share when the future goes up more than 30 points from entry…

What do I do wrong?

ladis

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01/07/2020 at 2:39 PM #116137

ladis

ooooh I see I must put “close – positionprice > 30 ” off course!!!

Sorry and many thanks!

ladis

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03/04/2020 at 5:12 PM #121164

ladis

Dear All,

I want to reset my system when the highest value of the last 85 candles/bars – the close[0] > 120 pips

I do this like this:

High[85] – close[0]>120 but that doesn’t seem to work

HIGHEST[85](High) – close[0]>120 but that doesn’t seem to work either???

Can anyone help me?

Many thanks!

ladis

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03/04/2020 at 6:10 PM #121178

robertogozzi

Your line is correct if you trade DAX or SP500, while it won’t work with FX pairs, add PIPSIZE:

HIGHEST[85](High) – close[0]>120*pipsize

1	HIGHEST[85](High) – close[0]>120*pipsize

I think this should do.

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ladis

robertogozzi

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03/04/2020 at 7:13 PM #121181

ladis

Dear Roberto,

It was in DAX.

I couldn’t understand why it didn’t work so I closed PRT and restarted my PC and now it works perfect.

Many thanks and good trading!

Ladis

ladis

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