Short in S&P with Supertrend on thurstday

• 05/16/2024 at 11:14 AM #232728
  Lambo

  Hello!

  I have a Problem with my programm.

  The Idea is to go short on thursday on S&P if the close on wednesday is under the Supertrend (2,5 10).

  Exit is at the end of the month. Entry at beginn of month. SL is if the course makes a new 20 day high.

  The code works as estimated,

  but i saw a detail that if the open on thursday is higher than the supertrend level from wednesday, there shouldn’t be a short trade.

  On September 5.9.19 the open is higher than the supertrend level of wednesday 4.9.

  In this case i don’t want to do the trade because it close is.

  Can someone help me with my code?

  Supertrend

  defparam preloadbars=5000 defparam cumulateorders=false size=(100000+strategyprofit)/(close) // Festlegung Variablen //Supertrendabfrage für Short indicator7 = SuperTrend[2.5,10] c7 = (close < indicator7) c9 = dayofweek=4 //Wochentag Thursday //Short Exit over 20 dayhigh indicator10=DonchianChannelUp[20] c10=close>indicator10 //Entry parameter if not longonmarket and day>3 and day <24 and c7 and c9 then // short-parameter sellshort size contracts roundedup at market endif if shortonmarket and day>24 or c10 then // parameter for short-close exitshort at market endif

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32

  defparam preloadbars=5000 defparam cumulateorders=false size=(100000+strategyprofit)/(close)   // Festlegung Variablen     //Supertrendabfrage für Short indicator7 = SuperTrend[2.5,10] c7 = (close < indicator7)       c9 = dayofweek=4 //Wochentag Thursday   //Short Exit over 20 dayhigh indicator10=DonchianChannelUp[20] c10=close>indicator10     //Entry parameter         if not longonmarket and day>3 and day <24 and c7 and c9 then // short-parameter sellshort size contracts roundedup at market endif   if shortonmarket and day>24 or c10 then // parameter for short-close exitshort at market endif

   

   

   

  

  Lambo

  Participant

  Topics: 7

  Replies: 16

  Been thanked: 0 times
  05/17/2024 at 11:22 AM #232758
  Iván

  Hi!

  You could change the entry condition with a stop order.

  sellshort size contracts roundedup at SuperTrend[2.5,10] stop

  1	sellshort size contracts roundedup at SuperTrend[2.5,10] stop

  In this case, if the price on Thursday is higher than Supertrend you will not have a trade.

  1 user thanked author for this post.

  Lambo

  

  Iván

  Moderator

  Topics: 0

  Replies: 978

  Been thanked: 338 times
  05/17/2024 at 12:20 PM #232760
  robertogozzi

  CLOSE, that day, was UNDER th eSuperTrend.

   

  1 user thanked author for this post.

  Lambo

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17134

  Been thanked: 4031 times
  05/23/2024 at 10:12 AM #232954
  Lambo

  Yes Roberto you are right, but the entry start on 15:30. An on this time we stay over the super trend Level from day before. So I don’t want to entry this trade. I only want to do the trade if the open ist lower then supertrend the day before.

  Can you help me?

  

  Lambo

  Participant

  Topics: 7

  Replies: 16

  Been thanked: 0 times
  05/23/2024 at 10:21 AM #232955
  Lambo

  Thanks. That is only a solution if the course is on open higher than the supertrend. All other cases i cant do the trade

  I test

  c8= open[1]<indicator7

  1	c8= open[1]<indicator7

  and add this to the sell order, but it didn’T work. It still sell

  

  Lambo

  Participant

  Topics: 7

  Replies: 16

  Been thanked: 0 times
• Author
  Posts