Place orders when a curve change colour

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  • This topic has 14 replies, 2 voices, and was last updated 7 years ago by avatarDave.
Viewing 15 posts - 1 through 15 (of 15 total)
  • 01/04/2017 at 8:47 AM #19774
    Dave

    Hi Robert123/nicolas,

    Is it then possible to place an order if the MA has changed colour?

    Dave

    01/04/2017 at 9:04 AM #19775
    Nicolas

    @Dave
    Yes of course, because there are conditions that make the curve change its colour, so you’ll use these conditions values instead of the colour changing itself.
    In my example in this post, I use 2 conditions named “bullish” and “bearish”, you have to define them first, what is your definition of a bullish trend that make change the color of the curve?

    01/04/2017 at 9:35 AM #19780
    Dave

    My thought were around it placing a small order each time the MA changes colour/direction in agreement with that of a slower MA.

    01/04/2017 at 9:46 AM #19786
    Nicolas

    Ok, but what cause the moving average to change its colour? 🙂

    01/04/2017 at 8:21 PM #19865
    Dave

    Nicolas, apologies for the delay, Moving average changes colour because average price of ‘x’ periods is increasing (bullish) as each candle candle forms.

    01/05/2017 at 9:43 AM #19898
    Nicolas

    FYI, I moved your request to a fresh new topic in the appropriate part of the forum.

    So, about your trading strategy, it can be coded like this (bullish side only):

    With this code, the trade is not closed with a bearish signal (from green to red), but only with takeprofit or stoploss. But this is a good start to improve the strategy.

     

    01/05/2017 at 2:50 PM #19931
    Dave

    Thanks Nicolas, I will do my best to apply it to a couple of ideas I have when I’m back at my desk.

    Dave

    01/05/2017 at 8:41 PM #19969
    Dave

    I dropped it on todays dax 15 chart and it took four nice trades (sl/tp reduced to 20 to see more triggers) ,could you clarify simply what line 8 means (I’m still only at ‘assisted creation’ level in logic terms!!  🙂   ), is this the reason the order is placed on the third candle after the ma has changed colour or does the indicator paint this back as it calculates?.

    regards

    Dave

    01/05/2017 at 9:31 PM #19976
    Nicolas

    The line 8 is the signal condition that trigger a long trade. Trades are opened at the open of the next candle that found the pattern.

    01/05/2017 at 10:25 PM #19980
    Dave

    It’s the braketed ma[1]& [2] part I’m struggling with?

    01/05/2017 at 10:29 PM #19981
    Nicolas

    It refers to the moving average ‘MA’ variable defined at line 5 and offset back with 1 or 2 candlesticks before the current one.

    01/05/2017 at 10:46 PM #19982
    Dave

    Thanks Nicolas, that’s what I guessed it was. Your patience is much appreciated.

    01/18/2017 at 8:53 AM #21522
    Dave

    Ok Nicolas, So if I understand correctly the line says bullish = ma greater than 1 period back and ma 1 period back is less than 2 periods back because at that point it was decreasing or bearish?.

    You know where I’m going with this my friend, So if the ma was bullish turning bearish the the code should read :-

    bearish = ma<ma[1] and ma[1]>ma[2]

    01/18/2017 at 9:22 AM #21525
    Nicolas

    Yes, this is the correct syntax for a new bearish reversal. Well done 🙂

    02/01/2017 at 8:53 AM #23373
    Dave

    OK, so here is a simple complete program with buy and sell conditions.It simply looks for a fast ma above a slow ma and places an order when the fast ma changes direction in agreement with slow ma.any ideas on improvements/filters/ma combinations etc most welcome.

    dave

     

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