Ten Minutes to Close Daily Dow

• 10/17/2022 at 12:42 PM #202679
  SkySurferBlue

  Hi I have been coding the following strategy to read the 10th last 1min candle of the Real Trading Hours in the Dow and to then take a scalp trade to the close if that candle also shows more Momentum than its preceding candles.

  However my code did not result in a long trade on Friday as I expected it to. SO it seems my code is not successful in classifying the 20h50 (UK Time candle) as a Bull candle.

  Can someone please assist me with what I am doing wrong?

  Here is the code

  DEFPARAM CumulateOrders = False If Time = 205100 Then Amplitude10 = Range[1] Amplitude11 = Range[2] Amplitude12 = Range[3] Amplitude13 = Range[4] AverageRange = (Amplitude11+Amplitude12 + Amplitude13)/4 Endif //At Close of 20h50 candle set the status of the candle as Bull, Bear or Doji If Time = 205100 and Close[0] > Open[0]+5 then Bull = 1 Else IF Time = 205100 and Open[0]>Close[0]+5 then Bear = 1 Else Doji = 1 Endif Endif //Checks if the 20h50 candle has more momentum 20% in this case compared to the previous candles 45min to 49min If Amplitude10 > AverageRange *1.2 Then Trigger = 1 Endif //Set the time to execute the trade If Time > 205459 and Time < 205600 then Execute =1 Else Execute = 0 Endif IF Bull AND Execute And Trigger THEN BUY 1 Contract AT MARKET ENDIF IF LONGONMARKET AND (BarIndex - TRADEINDEX) = 4 THEN SELL 1 share AT MARKET ENDIF IF Bear AND Execute and Trigger THEN SELLSHORT 1 Contract AT MARKET ENDIF IF SHORTONMARKET AND (BarIndex - TRADEINDEX) = 4 THEN EXITSHORT AT MARKET ENDIF Set Target PProfit 100

  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 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47

  DEFPARAM CumulateOrders = False   If Time = 205100  Then Amplitude10 = Range[1] Amplitude11 = Range[2] Amplitude12 = Range[3] Amplitude13 = Range[4] AverageRange = (Amplitude11+Amplitude12 + Amplitude13)/4 Endif   //At Close of 20h50 candle set the status of the candle as Bull, Bear or Doji If Time = 205100 and Close[0] > Open[0]+5 then Bull = 1 Else IF Time = 205100 and Open[0]>Close[0]+5 then Bear = 1 Else Doji = 1 Endif Endif   //Checks if the 20h50 candle has more momentum 20% in this case compared to the previous candles 45min to 49min If Amplitude10 > AverageRange *1.2 Then Trigger = 1 Endif   //Set the time to execute the trade If Time > 205459 and Time < 205600 then Execute =1 Else Execute = 0 Endif   IF Bull AND Execute And Trigger THEN BUY 1 Contract AT MARKET ENDIF IF LONGONMARKET AND (BarIndex - TRADEINDEX) = 4 THEN SELL 1 share AT MARKET ENDIF IF Bear AND Execute and Trigger THEN SELLSHORT 1 Contract AT MARKET ENDIF IF SHORTONMARKET AND (BarIndex - TRADEINDEX) = 4 THEN EXITSHORT AT MARKET ENDIF   Set Target PProfit 100

   

  

  SkySurferBlue

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  10/17/2022 at 1:07 PM #202687
  GraHal

  Are you running on a 1 min (or less) Timeframe?  You need to to detect a Time of 205100.

  

  GraHal

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  10/17/2022 at 1:12 PM #202690
  JC_Bywan

  Your average range in line 8 doesn’t feel right, you probably forgot amplitude10 in it because you divide by 4 (or if you did want just these 3 values used then the /4 would be /3 ). It subsequently impacts lines 23 and 24 to have trigger true or not, which impacts lines 34 and 35 for a long trade.

  

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  10/17/2022 at 1:17 PM #202691
  SkySurferBlue

  Yes I am running on 1minute and the reading of the candle was set to 205100 as you recommended but it traded short instead of long.

  

  SkySurferBlue

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  10/17/2022 at 1:24 PM #202692
  JC_Bywan

  Also, you never set doji, bull and bear to zero, so if they have been true once in history, then remain true ever after, instead of “becoming” true only at relevant 205100’s, so impacts on lines 34 and 40

  

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  10/17/2022 at 1:42 PM #202696
  JC_Bywan

  Eventually, even if averagerange is fixed and bear, bull, doji are reset to 0 each day, the trade for friday should remain short as if I read the relevant candle from my timezone, open is 29663.7 and close is lower by more than 5 at 29649.2, so bear=1 bull=0 for it.

  Edit: doh, read the wrong candle, forget text striked through

  DEFPARAM CumulateOrders = False If Time = 205100 Then Amplitude10 = Range[1] Amplitude11 = Range[2] Amplitude12 = Range[3] Amplitude13 = Range[4] AverageRange = (Amplitude10+Amplitude11+Amplitude12+Amplitude13)/4 Endif //At Close of 20h50 candle set the status of the candle as Bull, Bear or Doji If Time = 205100 then Bull = 0 Bear = 0 Doji = 0 if Close[0] > Open[0]+5 then Bull = 1 Elsif Open[0]>Close[0]+5 then Bear = 1 Else Doji = 1 Endif Endif //Checks if the 20h50 candle has more momentum 20% in this case compared to the previous candles 45min to 49min If Amplitude10 > AverageRange *1.2 Then Trigger = 1 Endif //Set the time to execute the trade If Time > 205459 and Time < 205600 then Execute =1 Else Execute = 0 Endif IF Bull AND Execute And Trigger THEN BUY 1 Contract AT MARKET ENDIF IF LONGONMARKET AND (BarIndex - TRADEINDEX) = 4 THEN SELL 1 share AT MARKET ENDIF IF Bear AND Execute and Trigger THEN SELLSHORT 1 Contract AT MARKET ENDIF IF SHORTONMARKET AND (BarIndex - TRADEINDEX) = 4 THEN EXITSHORT AT MARKET ENDIF Set Target PProfit 100

  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 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50

  DEFPARAM CumulateOrders = False   If Time = 205100 Then Amplitude10 = Range[1] Amplitude11 = Range[2] Amplitude12 = Range[3] Amplitude13 = Range[4] AverageRange = (Amplitude10+Amplitude11+Amplitude12+Amplitude13)/4 Endif   //At Close of 20h50 candle set the status of the candle as Bull, Bear or Doji If Time = 205100 then Bull = 0 Bear = 0 Doji = 0 if Close[0] > Open[0]+5 then Bull = 1 Elsif Open[0]>Close[0]+5 then Bear = 1 Else Doji = 1 Endif Endif   //Checks if the 20h50 candle has more momentum 20% in this case compared to the previous candles 45min to 49min If Amplitude10 > AverageRange *1.2 Then Trigger = 1 Endif   //Set the time to execute the trade If Time > 205459 and Time < 205600 then Execute =1 Else Execute = 0 Endif   IF Bull AND Execute And Trigger THEN BUY 1 Contract AT MARKET ENDIF IF LONGONMARKET AND (BarIndex - TRADEINDEX) = 4 THEN SELL 1 share AT MARKET ENDIF IF Bear AND Execute and Trigger THEN SELLSHORT 1 Contract AT MARKET ENDIF IF SHORTONMARKET AND (BarIndex - TRADEINDEX) = 4 THEN EXITSHORT AT MARKET ENDIF   Set Target PProfit 100

   

   

  

  JC_Bywan

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  10/17/2022 at 1:55 PM #202698
  JC_Bywan

  You can use the graph command added at end of code to see what’s going on in more details, and reading (this time) the right candle translated into my timezone, it seems “trigger” is the one not true for friday night preventing the trade.

  graph bull as "bull" graph bear as "bear" graph doji as "doji" graph Trigger as "Trigger" graph Execute as "Execute"

  1 2 3 4 5

  graph bull as "bull" graph bear as "bear" graph doji as "doji" graph Trigger as "Trigger" graph Execute as "Execute"

   

  

  JC_Bywan

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  10/17/2022 at 2:35 PM #202704
  SkySurferBlue

  Thank you very much.

  It is working now except for the average error. I have corrected this now to below. I will run it for a bit and see if it is robust.

  Good learning for me and thank you again for taking the time to help and teach me a bit more functions.

  If Time = 205100 Then
  Amplitude10 = Range[0]
  Amplitude11 = Range[1]
  Amplitude12 = Range[2]
  Amplitude13 = Range[3]
  Amplitude14 = Range[4]
  AverageRange = (Amplitude14+Amplitude11+Amplitude12+Amplitude13)/4

  

  SkySurferBlue

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