Trading without indicators

• 05/21/2024 at 10:49 AM #232858
  shug

  The general idea was if i could calculate the miles traveled and retracement distance in points and convert them to miles  i could figure out the overall destination of the big bank moves so I could figure out the reversal points accurately and make a lot of points from it, It works to a certain extent but there re deviations I couldn’t figure out, probably to do with trades like myself and others orders

  

  shug

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  05/22/2024 at 12:07 PM #232921
  UKCityGent

  Hi All

  London trader  looking for some general chat about naked trading

  Anyone active ?

   

  

  UKCityGent

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  10/26/2024 at 3:18 PM #239500
  neelpatel9

  Hi everyone,

  Does anyone know how I could have a running total of the pips I’ve accumulated while scalping? I want to remove the PNL value and only show the total pips for the day. Maybe there is some indicator that someone has coded that does this?

  Kind regards,

  Neel

   

  

  neelpatel9

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  10/26/2024 at 5:15 PM #239526
  neelpatel9

  Hi UKCityGent,

  Are you trading in a similar manner to what Shug described in the first post of this thread?

  Neel

  

  neelpatel9

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  10/26/2024 at 5:38 PM #239527
  robertogozzi

  There you go, simply run it in Backtest:

  MyLongConditions = close CROSSES OVER average[20.0](close) AND Not LongOnMarket MyShortConditions = close CROSSES UNDER average[20.0](close) AND Not ShortOnMarket TPmultiplier = 2.0 IF MyLongConditions THEN BUY 1 CONTRACT AT MARKET SLprice = lowest[5](low) TPprice = close + ((close - SLprice) * TPmultiplier) SET STOP PRICE SLprice SET TARGET PRICE TPprice ELSIF MyShortConditions THEN SELLSHORT 1 CONTRACT AT MARKET SLprice = highest[5](high) TPprice = close - ((SLprice - close) * TPmultiplier) SET STOP PRICE SLprice SET TARGET PRICE TPprice ENDIF tempPIPS = 0 IF OnMarket THEN tempPIPS = PositionPrice * PositionPerf / PipSize ENDIF StrategyPIPS = StrategyProfit / PipSize / PipValue TotalPIPS = StrategyPIPS + tempPIPS // Graph tempPIPS AS "current temp PIPS" coloured("Fuchsia") Graph StrategyPIPS AS "accumulated PIPS" coloured("Blue") Graph TotalPIPS AS "total PIPS" coloured("Green") GraphOnPrice TPprice AS "Target" coloured("Blue") GraphOnPrice SLprice AS "Stop Loss" coloured("Red")

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  MyLongConditions  = close CROSSES OVER  average[20.0](close) AND Not LongOnMarket MyShortConditions = close CROSSES UNDER average[20.0](close) AND Not ShortOnMarket TPmultiplier      = 2.0 IF MyLongConditions THEN    BUY 1 CONTRACT AT MARKET    SLprice = lowest[5](low)    TPprice = close + ((close - SLprice) * TPmultiplier)    SET STOP   PRICE SLprice    SET TARGET PRICE TPprice ELSIF MyShortConditions THEN    SELLSHORT 1 CONTRACT AT MARKET    SLprice = highest[5](high)    TPprice = close - ((SLprice - close) * TPmultiplier)    SET STOP   PRICE SLprice    SET TARGET PRICE TPprice ENDIF tempPIPS     = 0 IF OnMarket THEN    tempPIPS  = PositionPrice * PositionPerf / PipSize ENDIF StrategyPIPS = StrategyProfit / PipSize / PipValue TotalPIPS    = StrategyPIPS + tempPIPS // Graph tempPIPS       AS "current temp PIPS" coloured("Fuchsia") Graph StrategyPIPS   AS "accumulated PIPS"  coloured("Blue") Graph TotalPIPS      AS "total PIPS"        coloured("Green") GraphOnPrice TPprice AS "Target"            coloured("Blue") GraphOnPrice SLprice AS "Stop Loss"         coloured("Red")

   

  

  robertogozzi

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  10/26/2024 at 6:21 PM #239535
  neelpatel9

  Wow, that was quick thanks Roberto. Can I use this as an indicator when I’m manually trading?

  

  neelpatel9

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  10/26/2024 at 8:58 PM #239548
  robertogozzi

  Yes, but you need to keep the backtest open and updated trade after trade.

   

  

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  10/28/2024 at 7:37 PM #239638
  neelpatel9

  Do I need the Premium version to do the backtest as I’m not seeing this option on my ProRealTime menu options?

  

  neelpatel9

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  10/28/2024 at 8:31 PM #239645
  GraHal

  No you don’t need the Premium version.

  Do a backtest and leave the backtest running as – from that point on – the code runs on Demo Live data.

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  robertogozzi

  

  GraHal

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