MULTITIMEFRAME AUTOMATIC TRADING

• 08/12/2023 at 10:29 AM #218961
  maleczek

  Hello,

  I have been wrestling with TIMEFRAME for a while trying to get a particular result.

  I want to use an indicator in the 5 minute timeframe called zenith and upon Updateonclose of the bar it will be equal to the HIGH in that bar plus 4 points (i.e. zenith = HIGH + 4).

  I then want to BUY in any of the next 10 second bars where CLOSE is greater than or equal to zenith (i.e. IF CLOSE >= zenith THEN …).

  If the 5 minute bar ends at 080459 does the 10 second bar start at 080500 so that the 10 second bars are running in sync with the 5 minute bars?

  Is this possible as my attempts don’t work.

  Thank you in anticipation,

  Joseph

  

  maleczek

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  08/12/2023 at 11:37 AM #218963
  robertogozzi

  Actually all bars start on minute 00 and second 00 and end on minute 59 and second 59, so the next bar, be it 4h or 1 second, will start immediately the next second, which is second 00.

  Since your setup is on a 5-minute TF, but you are working on a 10-second TF, you will have to check that both these conditions are met:

  • the current MINUTE  (not OpenMinute) MOD 5 is 00
  • the current SECOND  (not OpenSecond) is 00

  Example:

  IF OnMarket THEN SELL at Market ENDIF IF (Second = 0) AND (Minute MOD 5 = 0) THEN BUY At Market ENDIF

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  IF OnMarket THEN    SELL at Market ENDIF IF (Second = 0) AND (Minute MOD 5 = 0) THEN    BUY At Market ENDIF

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  coincatcha

  

  robertogozzi

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  08/12/2023 at 12:43 PM #218966
  JS

  Hi @maleczek

   

  Here’s an example with MTF…

  (in this example I had the trade closed after 5 minutes)

  Zenith

  DefParam CumulateOrders=False TimeFrame(5 minutes, UpDateOnClose) Zenith=High+4*pipsize TimeFrame(Default) //TF 10 seconds If Close>=Zenith then Buy 1 contract at Market EndIf If OnMarket and BarIndex-TradeIndex>=30 then Sell at Market EndIf GraphOnPrice Zenith

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  DefParam CumulateOrders=False TimeFrame(5 minutes, UpDateOnClose) Zenith=High+4*pipsize TimeFrame(Default) //TF 10 seconds If Close>=Zenith then Buy 1 contract at Market EndIf If OnMarket and BarIndex-TradeIndex>=30 then Sell at Market EndIf GraphOnPrice Zenith

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  coincatcha

  

  JS

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  08/12/2023 at 12:59 PM #218968
  maleczek

  Thank you ‘robertogozzi’ for your in depth response and thank you ‘JS’ for putting it into context … both very helpful !

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  coincatcha, JS

  

  maleczek

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