tradeprice / entryprice

• 06/28/2023 at 8:11 PM #216938
  LivJoJade

  Hi guys

   

  I have written a probacktest code which enters short and long trades based on an indicator signal. what I am wanting to do is optomise it so that it enters an optimised number of pips above or below the entry signal.

  Please see attached ITF file which I hope will give you some idea of what I mean.

  // Definition of code parameters
  DEFPARAM CumulateOrders = False // Cumulating positions deactivated
  // Conditions to enter long positions
  ignored, indicator2 = CALL “123v2″[70, 30, 14]
  c1 = (indicator2 < 0)

  IF c1 and (tradeprice – (a)) THEN
  BUY 1 PERPOINT AT MARKET
  ENDIF

  // Conditions to enter short positions
  indicator5, ignored = CALL “123v2″[70, 30, 14]
  c3 = (indicator5 > 0)

  IF c3 and (tradeprice + (b)) THEN
  SELLSHORT 1 PERPOINT AT MARKET
  ENDIF

  // Stops and targets

  SET TARGET pPROFIT (c)

   

  Many thanks in anticipation.

   

   

  

  LivJoJade

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  06/28/2023 at 11:56 PM #216951
  robertogozzi

  Line 7, (tradeprice – (a)), is always negative because it is missing something you need to compare (tradeprice – (a)) to something… what, maybe CLOSE?

  Forthermore, condition C1 is always 0 (not met). You should check the value returned by indicator2, appending this instruction to your code:

  GRAPH indicator2

  1	GRAPH indicator2

   

  

  robertogozzi

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  07/03/2023 at 3:54 PM #217195
  LivJoJade

  Hi Roberto, many thanks for your reply

  you are correct the indicator (see attached) is by default at “0” unless a divergence is identified.

  I then have a proscreener (again attached) for which I’d appreciate a little guidance. I can search for the MA direction and the 4hr Bollinger periodically  but when it comes to an indicator signal for the previous 8 x 1hr or 16 x 30 minutes but is there a way to search for the previous 16 candles without going [1], [2], [3] thru to [16] or can you go [1 – 16]

  And finally, with the probacktest and entry is made at the close of the candle delivering the >0 (buy) or <0 (sell) signal, what I’m trying to ascertain is the optimum historical price above that close (based on previous entry points) to finally enter the trade, i suppose in a roundabout way the average drawdown based on previous trades.

  Many thanks in anticipation

  Chris

   

   

   

  

  LivJoJade

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  08/11/2023 at 5:48 PM #218949
  robertogozzi

  You should add PipSize as a multiplier for a, b and c, such as:

  (tradeprice - (a*pipsize)

  1	(tradeprice - (a*pipsize)

  moreover, TRADEPRICE is always 0, what is exactly the price you want to use in the expression, why did you use TRADEPRICE?

   

   

  

  robertogozzi

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