Newbie type Questions & Answers
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Also is there a way to stay out of a market only while it has a high spread. So basically a code or setting that says don’t enter the market unless the spread is 3 for instance?
Yes code to not open a trade at the times shown on attached
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a simple strategy or am I more on the complexed side?
I can understand the code so I would consider it simple! 🙂
Some of the strategies on here, I doubt the Author understands them easily a few weeks late!!?? 🙂
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Or do people kind of follow the sun coming up around the world? So set their algorithms to the Australian index and then the Korean one at midnight and then the Indian one at whatever time of the morning that would start so they’re always in a active market?
Sounds kinda utopian.
In reality … most of us are still trying to work up a strategy that makes consistent profits and therefore would allow us to sleep soundly while our money is going up and down on the Nikkei 225! 🙂
I have not found one and I have over 4,000 .itf ‘s on my PC … this will give you an idea as to how difficult it is!
Strategies work for a while then start losing and so you lose confidence in them all … that losing streak may start while you are asleep! 🙂
I personally prefer all my money to be back in me pot before I try and go to sleep!
Anyway you can trade markets ‘out of hours’ … e.g, the DJI is a 24 hour market.
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Also looking at a the code I posted earlier is there any improvements you would make to it or anything people usually add that it’s just missing? Like something to keep it out of a sideways trading market etc.
To get folks interested enough to make improvements you would need to post a strategy on a separate Topic and post results that tempt them to spend their time.
If you ask a specific coding question then the moderators and / or a few others will help. You need to ask a specific question under a separate Topic and give your Topic a meaningful title … so others members can find the information and benefit etc.
What market(s) and timeframe is your strategy coded for?
I changed all Timeframes to default and flashed it over DJI TF’s from 10 sec to 4 hours and it does by far the best on 1 hour … results attached.
EDIT / PS
But you need to temper those results by looking at the Chart … if you had done Buy and Hold … does your strategy beat buy and hold??
I’d say maybe yes as during the recent 10k points shake out it lost only 1.2k, but overall the DJI is up about 8k points from the start of the attached chart and your strategy is up 9.2K points.
Problem for me would have been … that £1.8K drawdown / loss early on would have been out of my pocket … as the strategy had not made any profit at that point.
A drawdown is far more bearable if it is out of profit the strategy has made itself??
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Hi @tradetrader101 – had a quick look at your code and my first thought was that you could do better than using the basic trailing stop. This one by Nicolas is v good and has a built in break even function:
1234567891011121314151617181920212223242526272829303132333435363738//trailing stop functiontrailingstart = tst //trailing will start @trailinstart points profittrailingstep = st //trailing step to move the "stoploss"//reset the stoploss valueIF NOT ONMARKET THENnewSL=0ENDIF//manage long positionsIF LONGONMARKET THEN//first move (breakeven)IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THENnewSL = tradeprice(1)+trailingstep*pipsizeENDIF//next movesIF newSL>0 AND close-newSL>=trailingstep*pipsize THENnewSL = newSL+trailingstep*pipsizeENDIFENDIF//manage short positionsIF SHORTONMARKET THEN//first move (breakeven)IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THENnewSL = tradeprice(1)-trailingstep*pipsizeENDIF//next movesIF newSL>0 AND newSL-close>=trailingstep*pipsize THENnewSL = newSL-trailingstep*pipsizeENDIFENDIF//stop order to exit the positionsIF newSL>0 THENSELL AT newSL STOPEXITSHORT AT newSL STOPENDIFFor a % version of the same, change the first 2 lines to
123456trailingPercent = tststepPercent = stif onmarket thentrailingstart = tradeprice(1)*(trailingpercent/100) //trailing will start @trailingstart points profittrailingstep = tradeprice(1)*(stepPercent/100) //% step to move the stoplossendifThis one by Roberto is extremely clever and def worth trying, may require adjusting the initial values (BasePercent, TrailStart, StepSize, PerCentInc)
1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980IF Not OnMarket THEN//// when NOT OnMarket reset values to default values//TrailStart = 30 //30 Start trailing profits from this pointBasePerCent = 0.200 //20.0% Profit percentage to keep when setting BerakEvenStepSize = 10 //10 Pip chunks to increase PercentagePerCentInc = 0.100 //10.0% PerCent increment after each StepSize chunkRoundTO = -0.5 //-0.5 rounds always to Lower integer, +0.4 rounds always to Higher integer, 0 defaults PRT behaviourPriceDistance = 7 * pipsize //7 minimun distance from current pricey1 = 0 //reset to 0y2 = 0 //reset to 0ProfitPerCent = BasePerCent //reset to desired default valueELSIF LongOnMarket AND close > (TradePrice + (y1 * pipsize)) THEN //LONG positions//// compute the value of the Percentage of profits, if any, to lock in for LONG trades//x1 = (close - tradeprice) / pipsize //convert price to pipsIF x1 >= TrailStart THEN // go ahead only if N+ pipsDiff1 = abs(TrailStart - x1) //difference from current profit and TrailStartChunks1 = max(0,round((Diff1 / StepSize) + RoundTO)) //number of STEPSIZE chunksProfitPerCent = BasePerCent + (BasePerCent * (Chunks1 * PerCentInc)) //compute new size of ProfitPerCentProfitPerCent = max(ProfitPerCent[1],min(100,ProfitPerCent)) //make sure ProfitPerCent doess not exceed 100%y1 = max(x1 * ProfitPerCent, y1) //y1 = % of max profitENDIFELSIF ShortOnMarket AND close < (TradePrice - (y2 * pipsize)) THEN //SHORT positions//// compute the value of the Percentage of profits, if any, to lock in for SHORT trades//x2 = (tradeprice - close) / pipsize //convert price to pipsIF x2 >= TrailStart THEN // go ahead only if N+ pipsDiff2 = abs(TrailStart - x2) //difference from current profit and TrailStartChunks2 = max(0,round((Diff2 / StepSize) + RoundTO)) //number of STEPSIZE chunksProfitPerCent = BasePerCent + (BasePerCent * (Chunks2 * PerCentInc)) //compute new size of ProfitPerCentProfitPerCent = max(ProfitPerCent[1],min(100,ProfitPerCent)) //make sure ProfitPerCent doess not exceed 100%y2 = max(x2 * ProfitPerCent, y2) //y2 = % of max profitENDIFENDIFIF y1 THEN //Place pending STOP order when y1 > 0 (LONG positions)SellPrice = Tradeprice + (y1 * pipsize) //convert pips to price//// check the minimun distance between ExitPrice and current price//IF abs(close - SellPrice) > PriceDistance THEN//// place either a LIMIT or STOP pending order according to current price positioning//IF close >= SellPrice THENSELL AT SellPrice STOPELSESELL AT SellPrice LIMITENDIFELSE////sell AT MARKET when EXITPRICE does not meet the broker's minimun distance from current price//SELL AT MarketENDIFENDIFIF y2 THEN //Place pending STOP order when y2 > 0 (SHORT positions)ExitPrice = Tradeprice - (y2 * pipsize) //convert pips to price//// check the minimun distance between ExitPrice and current price//IF abs(close - ExitPrice) > PriceDistance THEN//// place either a LIMIT or STOP pending order according to current price positioning//IF close <= ExitPrice THENEXITSHORT AT ExitPrice STOPELSEEXITSHORT AT ExitPrice LIMITENDIFELSE////ExitShort AT MARKET when EXITPRICE does not meet the broker's minimun distance from current price//EXITSHORT AT MarketENDIFENDIF1 user thanked author for this post.
For buy and hold you can also add this indicator that Nicolas wrote to the equity chart.
123456789101112131415161718//capital = 10000mylot = 1//startdate = 19851125once firstclose = 0if date>=startdate thenif firstclose = 0 then//save the current close once when the comparison startfirstclose = closeendif//calculate buy and hold with pointvalue and pointsize of the current sharebuyandhold = capital+(((((close-firstclose)*pointvalue)*mylot)/pointsize)*stake)else//if the displayed date is previous from the startdate, let's draw the buy and hold curve as the capitalbuyandhold = capitalendifRETURN buyandhold coloured(255,128,0)2 users thanked author for this post.
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