Perfect Trend Indicator with automatic trading

• 09/28/2022 at 12:31 PM #201560
  Mitchy14

  Hi All,

  This concept really caught my eye – I actually downloaded this as an indicator a while ago. I think it has some real use. On using it for shorter periods, it has an acceptable success rate – which is exciting as usually, you have to tweak parameters etc.

  I wondered why it doesn’t also include short opportunities. Was there a specific reason?  What would need to be added if that was feasible?

  It also doesn’t follow the indicator sometimes (even when I tweak operational hours, pips etc), posting trades on ‘grey zones’ (occasionally after a ‘downward zone’) – is that correct and part of the strategy?

  Of course as reference, I am using this indicator https://www.prorealcode.com/prorealtime-indicators/perfect-trend-line/

  Best, Tom

  

  Mitchy14

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  09/30/2022 at 8:13 AM #201689
  Nicolas

  Please find below the strategy that trade both long and short orders. I added stoploss and takeprofit as parameters. There is no longer bars wait between 2 orders of the same time. You might want to adapt the flatbefore and flatafter time too.

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated defparam flatbefore = 080000 defparam flatafter = 170000 // --- settings SlowLength = 7 // Slow length SlowPipDisplace = 0 // Slow pip displace FastLength = 3 // Fast length FastPipDisplace = 0 // Fast pip displace MinDailyProfit = 1000 //Max daily loss allowed (in points) StopLoss = 50 TakeProfit = 30 // --- end of settings thigh1 = Highest[SlowLength](high)+ SlowPipDisplace*pointsize tlow1 = Lowest[SlowLength](low)- SlowPipDisplace*pointsize thigh2 = Highest[FastLength](high)+ FastPipDisplace*pointsize tlow2 = Lowest[FastLength](low)- FastPipDisplace*pointsize if barindex>2 then if Close>line1[1] then line1 = tlow1 else line1 = thigh1 endif if Close>line2[1] then line2 = tlow2 else line2 = thigh2 endif endif if (Close[0]<line1[0] and Close[0]<line2[0]) then trend = 1 endif if (Close[0]>line1[0] and Close[0]>line2[0]) then trend = -1 endif if (line1[0]>line2[0] or trend[0] = 1) then trena = 1 endif if (line1[0]<line2[0] or trend[0] = -1) then trena = -1 endif //---- // first time we launch the code, the trading is allowed once TradeAllowed=1 if intradaybarindex=0 then count=0 MyProfit=STRATEGYPROFIT TradeAllowed=1 endif // test if the strategyprofit of the day is currently above the daily profit allowed If StrategyProfit>=MyProfit+(MinDailyProfit*POINTVALUE) then TradeAllowed=0 endif if TradeAllowed and trena<>trena[1] and trend=-1 and not longonmarket then buy 1 contract at market endif if longonmarket and trend=1 then sell at market endif if TradeAllowed and trena<>trena[1] and trend=1 and not shortonmarket then sellshort 1 contract at market endif if shortonmarket and trend=-1 then exitshort at market endif SET STOP PLOSS stoploss SET TARGET PPROFIT takeprofit

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  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated defparam flatbefore = 080000 defparam flatafter = 170000   // --- settings SlowLength         = 7 // Slow length SlowPipDisplace    = 0 // Slow pip displace FastLength         = 3 // Fast length FastPipDisplace    = 0 // Fast pip displace MinDailyProfit     = 1000 //Max daily loss allowed  (in points) StopLoss = 50 TakeProfit = 30 // --- end of settings   thigh1 = Highest[SlowLength](high)+ SlowPipDisplace*pointsize tlow1  = Lowest[SlowLength](low)- SlowPipDisplace*pointsize thigh2 = Highest[FastLength](high)+ FastPipDisplace*pointsize tlow2  = Lowest[FastLength](low)- FastPipDisplace*pointsize   if barindex>2 then if Close>line1[1] then line1 = tlow1 else line1 = thigh1 endif if Close>line2[1] then line2 = tlow2 else line2 = thigh2 endif endif   if (Close[0]<line1[0] and Close[0]<line2[0]) then trend =  1 endif if (Close[0]>line1[0] and Close[0]>line2[0]) then trend = -1 endif if (line1[0]>line2[0] or trend[0] =  1) then trena =  1 endif if (line1[0]<line2[0] or trend[0] = -1) then trena = -1 endif   //---- // first time we launch the code, the trading is allowed once TradeAllowed=1 if intradaybarindex=0 then count=0 MyProfit=STRATEGYPROFIT TradeAllowed=1 endif   // test if the strategyprofit of the day is currently above the daily profit allowed If StrategyProfit>=MyProfit+(MinDailyProfit*POINTVALUE) then TradeAllowed=0 endif if TradeAllowed and trena<>trena[1] and trend=-1 and not longonmarket then buy 1 contract at market endif if longonmarket and  trend=1 then sell at market endif   if TradeAllowed and trena<>trena[1] and trend=1 and not shortonmarket then sellshort 1 contract at market endif if shortonmarket and  trend=-1 then exitshort at market endif   SET STOP PLOSS stoploss SET TARGET PPROFIT takeprofit

   

   

  

  Nicolas

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  10/03/2022 at 12:04 PM #201834
  Mitchy14

  Hi Nicholas,

  Thanks so much for your reply –  especially with your busy schedule.

  I have moved forward with the code (learning as I go). I also have upped the period for the MAs as I wanted to trade over a higher timeframe (Daily) and increased the take profit etc. This will only trade on the GBPUSD.

  It made sense to add trend detection to the code to try and steer clear of any ranging markets and found a simple logic (that I believe you may have made yourself a long time ago).

  It works well in theory, and will require further tweaking, but it seems to only trade short positions! I have tweaked the MAs as I thought it could be misaligned with the cross of the perfect trend, but it still doesn’t seem to work!

  I’d love to get your take on it.

  Best,

  Tom

   

  // Definition of code parameters DEFPARAM CumulateOrders = True // Cumulating positions deactivated // --- settings SlowLength = 20 // Slow length SlowPipDisplace = 0 // Slow pip displace FastLength = 10 // Fast length FastPipDisplace = 0 // Fast pip displace MinDailyProfit = 1000 //Max daily loss allowed (in points) StopLoss = 50 TakeProfit = 300 //trend detection ema = exponentialaverage[24](close) ema2 = exponentialaverage[12](close) //set trend using highs and lows Trend1= highest[2](high) Trend2= highest[5](high) Trend3 = trend1-trend2 /// Trend4= lowest[2](low) Trend5= lowest[5](low) Trend6 = trend4-trend5 // --- end of settings thigh1 = Highest[SlowLength](high)+ SlowPipDisplace*pointsize tlow1 = Lowest[SlowLength](low)- SlowPipDisplace*pointsize thigh2 = Highest[FastLength](high)+ FastPipDisplace*pointsize tlow2 = Lowest[FastLength](low)- FastPipDisplace*pointsize if barindex>2 then if Close>line1[1] then line1 = tlow1 else line1 = thigh1 endif if Close>line2[1] then line2 = tlow2 else line2 = thigh2 endif endif if (Close[0]<line1[0] and Close[0]<line2[0]) then trend = 1 endif if (Close[0]>line1[0] and Close[0]>line2[0]) then trend = -1 endif if (line1[0]>line2[0] or trend[0] = 1) then trena = 1 endif if (line1[0]<line2[0] or trend[0] = -1) then trena = -1 endif //---- // first time we launch the code, the trading is allowed once TradeAllowed=1 if intradaybarindex=0 then count=0 MyProfit=STRATEGYPROFIT TradeAllowed=1 endif // test if the strategyprofit of the day is currently above the daily profit allowed If StrategyProfit>=MyProfit+(MinDailyProfit*POINTVALUE) then TradeAllowed=0 endif if TradeAllowed and trena<>trena[1] and trend=-1 and ema>ema2 and trend3 <0 and not longonmarket then buy 2 contract at market endif if longonmarket and trend=1 then sell at market endif if TradeAllowed and trena<>trena[1] and trend=1 and ema<ema2 and trend6 >-1 and not shortonmarket then sellshort 2 contract at market endif if shortonmarket and trend=-1 then exitshort at market endif SET STOP PLOSS stoploss SET TARGET PPROFIT takeprofit

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  // Definition of code parameters DEFPARAM CumulateOrders = True // Cumulating positions deactivated     // --- settings SlowLength         = 20 // Slow length SlowPipDisplace    = 0 // Slow pip displace FastLength         = 10 // Fast length FastPipDisplace    = 0 // Fast pip displace MinDailyProfit     = 1000 //Max daily loss allowed  (in points) StopLoss = 50 TakeProfit = 300   //trend detection   ema = exponentialaverage[24](close) ema2 = exponentialaverage[12](close)   //set trend using highs and lows Trend1= highest[2](high) Trend2= highest[5](high) Trend3 = trend1-trend2 /// Trend4= lowest[2](low) Trend5= lowest[5](low) Trend6 = trend4-trend5   // --- end of settings   thigh1 = Highest[SlowLength](high)+ SlowPipDisplace*pointsize tlow1  = Lowest[SlowLength](low)- SlowPipDisplace*pointsize thigh2 = Highest[FastLength](high)+ FastPipDisplace*pointsize tlow2  = Lowest[FastLength](low)- FastPipDisplace*pointsize   if barindex>2 then if Close>line1[1] then line1 = tlow1 else line1 = thigh1 endif if Close>line2[1] then line2 = tlow2 else line2 = thigh2 endif endif   if (Close[0]<line1[0] and Close[0]<line2[0]) then trend =  1 endif if (Close[0]>line1[0] and Close[0]>line2[0]) then trend = -1 endif if (line1[0]>line2[0] or trend[0] =  1) then trena =  1 endif if (line1[0]<line2[0] or trend[0] = -1) then trena = -1 endif   //---- // first time we launch the code, the trading is allowed once TradeAllowed=1 if intradaybarindex=0 then count=0 MyProfit=STRATEGYPROFIT TradeAllowed=1 endif   // test if the strategyprofit of the day is currently above the daily profit allowed If StrategyProfit>=MyProfit+(MinDailyProfit*POINTVALUE) then TradeAllowed=0 endif if TradeAllowed and trena<>trena[1] and trend=-1 and ema>ema2 and trend3 <0 and not longonmarket then buy 2 contract at market endif if longonmarket and  trend=1 then sell at market endif   if TradeAllowed and trena<>trena[1] and trend=1 and ema<ema2 and trend6 >-1 and not shortonmarket then sellshort 2 contract at market endif if shortonmarket and  trend=-1 then exitshort at market endif   SET STOP PLOSS stoploss SET TARGET PPROFIT takeprofit

   

  

  Mitchy14

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