MultiTime BackTesting Strategy Help please.

• 07/24/2016 at 10:33 AM #10836
  Dunger

  Hi,

  x = any predefined range from the market open, i.e. If x = 15 and market open was 8am GMT, then we would have a range from 8am-8.15am, if x was 30, then we would have range from 8am-8.30am.

  y = the target points above or below a break of x range. (user defined)

  z = stop position. hard-coded number of points for your stop from entry.

   

  Rules Take a break of the x range (+2pts) and the target is y. Stop is z.   Thanks in advance.

   

  Regards.

  

  Dunger

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  07/24/2016 at 3:16 PM #10847
  Derek

  I don’t know what you mean by “take a break of range x” but maybe this will help

  Z = 25
  A = 50
  B = 40
  If currenttime=090000 then
  Range1= open
  Endif

  If currenttime = 091500 then
  Range2=close
  Endif

  If Range2>Range1 And Range2-Range1 > Z then
  Buy 1 contract at market
  Set Target Profit A
  Set Stop Loss B
  Elseif Range1 >Range2 And Range1-Range2 > Z then
  Sellshort 1 contract at market
  Set Target Profit A
  Set Stop Loss B
  Endif

  :

  I couldn’t use the PRT function because I am on mobile.

   

  

  Derek

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  07/24/2016 at 3:35 PM #10849
  Dunger

   

  Thanks for the feedback Derek.

   

  I will give this a go.

   

  Best Regards.

   

   

  

  Dunger

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  07/24/2016 at 3:40 PM #10850
  Derek

  I just did on my system. This is definitely working:

   

  DEFPARAM CUMULATEORDERS = false Rangetoenter = 50 TargetProfitinPoints = 50 StoplossinPoints = 40 IF currenttime = 090000 THEN price1 = open endif IF currenttime = 091500 THEN price2 = close endif If price2-price1 > 0 AND price2-price1 > Rangetoenter Then Buy 1 contract at market Set Target pProfit TargetProfitinPoints Set stop pLOSS StoplossinPoints elsif price1-price2 > 0 AND price1-price2 > Rangetoenter Then SELLSHORT 1 contract at market Set Target pProfit TargetProfitinPoints Set stop pLOSS StoplossinPoints endif

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23

  DEFPARAM CUMULATEORDERS = false   Rangetoenter = 50 TargetProfitinPoints = 50 StoplossinPoints = 40   IF currenttime = 090000 THEN price1 = open endif   IF currenttime = 091500 THEN price2 = close endif   If price2-price1 > 0 AND price2-price1 > Rangetoenter Then Buy 1 contract at market Set Target pProfit TargetProfitinPoints Set stop pLOSS StoplossinPoints elsif price1-price2 > 0 AND price1-price2 > Rangetoenter Then SELLSHORT 1 contract at market Set Target pProfit TargetProfitinPoints Set stop pLOSS StoplossinPoints endif

   

   

  

  Derek

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  07/24/2016 at 3:47 PM #10851
  Dunger

  Hi,

   

  So it seems I am taking multiple trades per day. I only want to have one trade per day.

  So, imagine the open is 8am and I have defined a range of 15mins.

   

  Therefore, I want to trade a break higher or a break lower of that opening 15m range until either Y is hit (hardcoded target points) OR Z is hit (hardcoded stop number of points)

   

  This current script is not quite hitting the mark with that as it is taking multiple trades in a given day. Thanks in advance for details provided in order to correct it to allow this.

  

  Dunger

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