Opening position after 'event'. But no more then once, until next 'event'.

• 04/22/2016 at 12:59 PM #5814
  AutoTrader

  Hi fellow ProRealCode users,

  I have been testing and trying stuff for the past month, but cant seem to get the code right for a specific action.

  I want to open a position when the indicators cross over.  , but I don’t want to open a extra position after that. (when first position is closed with profit)   I only want to open again after the indicators crossed over again.

  Something like this in normal words;

  // Conditions to enter long positions indicator1 = ExponentialAverage[5](close) indicator2 = ExponentialAverage[20](close) c1 = (indicator1 > indicator2[1]) c2 = (indicator1 < indicator2[1]) IF c1 THEN BUY 1 CONTRACT AT MARKET ENDIF

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  // Conditions to enter long positions indicator1 = ExponentialAverage[5](close) indicator2 = ExponentialAverage[20](close) c1 = (indicator1 > indicator2[1]) c2 = (indicator1 < indicator2[1]) IF c1 THEN BUY 1 CONTRACT AT MARKET ENDIF

  IF c1 but c2 hasent happend yet, don’t BUY 1 CONTRACT AT MARKET.   (<– What I mean is ;  after the c1 happened, and a contract is bought ,  only buy another one , when c2 happened. In the backtest it opens the trade correctly , and closes with a pPROFIT.  But the next candle it opens again , because c1 is still valid. I want c2 to happen first , and then if c1 happens open another trade.)

  Hopefully someone has an idea how to set this up…  Its a guaranteed moneymaking machine… 😉 ;p

  

  AutoTrader

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  04/22/2016 at 4:29 PM #5831
  Nicolas

  Hi AutoTrader,

  Basically, what you want to do here is to test a crossover between 2 values, like moving average.

  ProRealTime has instructions built in to test these conditions, they are called : CROSSES OVER and CROSSES UNDER

  So your c1 and c2 conditions would be:

  c1 = indicator1 crosses over indicator2 c2 = indicator1 crosses under indicator2

  1 2	c1 = indicator1 crosses over indicator2 c2 = indicator1 crosses under indicator2

  I believe that would make it, am I right?

   

  

  Nicolas

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  04/23/2016 at 1:29 PM #5845
  AutoTrader

  Hi Nicolas,

  That is correct!  Thank you!   Made a very simple system that scores 100%  on the 5min Dax cash. (backtest)    Will live test it next week Monday until Friday.

  Thanks for pointing out the crossover!

  

  AutoTrader

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  04/23/2016 at 5:55 PM #5864
  Adolfo

  Share it! 😉

  

  Adolfo

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