Sma / profit curve condition

• 05/08/2024 at 3:43 PM #232493
  winnie37

  Hello,
  I’ve added a SMA to the profit curve of a system (whichever it is).
  I’d like to test adding a condition for buying or selling.
  A trade should only be triggered if the condition is met.
  For the trade to be triggered, the profit curve must be greater than its moving average.
  Is this possible? Any idea on how to translate this into code?

  

  winnie37

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  05/08/2024 at 4:49 PM #232498
  robertogozzi

  There you go:

  ProfitMA = average[20,0](StrategyProfit) Above = ProfitMA >= StrategyProfit Below = ProfitMA < StrategyProfit IF Not OnMarket THEN IF Below THEN BUY 1 CONTRACT AT MARKET ELSIF Above THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF SET STOP pLOSS 50 SET TARGET pPROFIT 100 ENDIF // graph StrategyProfit coloured("Blue") graph ProfitMA coloured("Red")

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  ProfitMA = average[20,0](StrategyProfit) Above    = ProfitMA >= StrategyProfit Below    = ProfitMA < StrategyProfit IF Not OnMarket THEN    IF Below THEN       BUY 1 CONTRACT AT MARKET    ELSIF Above THEN       SELLSHORT 1 CONTRACT AT MARKET    ENDIF    SET STOP   pLOSS   50    SET TARGET pPROFIT 100 ENDIF // graph StrategyProfit coloured("Blue") graph ProfitMA       coloured("Red")

  add the variables Above or Below to your entry conditions.

   

   

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  robertogozzi

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