Strategy GBPJPY 1H

• 03/31/2025 at 8:01 PM #245470
  Schizophunk

  Hi,

  I am working on this robot to operate GBPJPY spot in 1H timeframe.

  I found that the TP and SL dont get shoot when they should.

  Also I would like to ask you guys which is the best asset to operate this spot (CFD, Futures,..) (Share the Ticker, if any).

  Breakout Pivot Point R2 GBPJPY 1H

  // Parametros DEFPARAM CumulateOrders = False //DEFPARAM FLATBEFORE = 031500 // Calculo PP, R1, y R2 pivot = (DHigh(1) + DLow(1) + DClose(1)) / 3 ppr1 = pivot *2 - DLow(1) ppr2 = pivot + (DHigh(1) - DLow(1)) //Representacion de PP, R1, y R2 ONCE pivot = pivot ONCE ppr1 = ppr1 ONCE ppr2 = ppr2 GRAPHONPRICE pivot COLOURED (255,255,255,150) AS "Pivot Point" GRAPHONPRICE ppr1 COLOURED (255,0,0,150) AS "R1" GRAPHONPRICE ppr2 COLOURED (255,0,0,150) AS "R2" // CONDICIÓN DE ENTRADA ONCE InitialCapital = 10000 IF NOT ONMARKET AND Close >ppr2 THEN SL = lowest[6](Low[1]) GRAPHONPRICE SL COLOURED (0,0,255) AS "SL" distanciaSL = abs( Close - SL ) TP = Close + (3 * distanciaSL) GRAPHONPRICE TP COLOURED (0,0,255) AS "TP" X= (InitialCapital/1000) BUY X LOTS AT MARKET ENDIF IF ONMARKET THEN SET STOP LOSS SL SET TARGET PROFIT TP ENDIF

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  // Parametros DEFPARAM CumulateOrders = False //DEFPARAM FLATBEFORE = 031500   // Calculo PP, R1, y R2 pivot = (DHigh(1) + DLow(1) + DClose(1)) / 3 ppr1 = pivot *2 - DLow(1) ppr2 = pivot + (DHigh(1) - DLow(1))   //Representacion de PP, R1, y R2 ONCE pivot = pivot ONCE ppr1 = ppr1 ONCE ppr2 = ppr2 GRAPHONPRICE pivot COLOURED (255,255,255,150) AS "Pivot Point" GRAPHONPRICE ppr1 COLOURED (255,0,0,150) AS "R1" GRAPHONPRICE ppr2 COLOURED (255,0,0,150) AS "R2"   // CONDICIÓN DE ENTRADA ONCE InitialCapital = 10000 IF NOT ONMARKET AND Close >ppr2 THEN SL = lowest[6](Low[1]) GRAPHONPRICE SL COLOURED (0,0,255) AS "SL" distanciaSL = abs( Close - SL ) TP = Close + (3 * distanciaSL) GRAPHONPRICE TP COLOURED (0,0,255) AS "TP" X= (InitialCapital/1000) BUY X LOTS AT MARKET ENDIF   IF ONMARKET THEN SET STOP LOSS SL SET TARGET PROFIT TP ENDIF

  Thank you all,

  

  Schizophunk

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  03/31/2025 at 11:42 PM #245473
  druby

  When you calculate the SL and TP, they are price levels, not an amount of points from the entry price.

  Change to…

  SET STOP price SL
  SET TARGET price TP

  Also, place them in the entry IF block so they stay at the same level when the entry is made.

  The entry block won’t be executed till it’s not on market again.

   

  I’m not sure if this is exactly why but, when the BUY code is executed, its not deemed ONMARKET till the order has been executed on the open of the next bar.

  I think the new STOP/TARGET are not set till after the entry.

  If a prior set STOP/TARGET levels ends up on the wrong side of the new BUY order level, it will trigger that STOP before it can set the new STOP/TARGET.

  This appears as a entry and exit at the same price. ( when STOP/TARGET orders are in the ONMARKET BLOCK )

  This is why I think the new STOP/TARGET are not set till after the entry, because trade  exits before they can be set.

   

  You have to realise that the prior set STOP/TARGET is the last valid trade that executed right, and the calculated STOP/TARGET levels are now different.

  This is because they were calculated for the new trade, but didn’t get set as new orders, the old STOP/TARGET levels are still in affect.

   

  So if the price is in a down trend , but took a long trade before price fell, the set stop is below the price and you eventually get stopped out.

  If price keeps falling and there a new long entry, the old stop is now above the new entry level, so it gets stopped out immediately before it can set the new STOP/TARGET.

   

  2 users thanked author for this post.

  Schizophunk, ivanPrt

  

  druby

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  04/21/2025 at 8:16 PM #246169
  Schizophunk

  Appreciate your help @druby

  

  Schizophunk

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