Use indices strategy for forex

• 01/30/2017 at 2:13 PM #23092
  RoLaDay

  Hello,

  I wanna use my indices strategy for forex too.

  Can someone tell me what I have to do to make it work for the forex markets?

  Thanks a lot!

  

  RoLaDay

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  01/30/2017 at 4:58 PM #23114
  Nicolas

  Depends of the strategies’ codes of course.

  But you should adapt trading schedules and points calculation (if you use some points values in your code), these are the common things to change first. If you can post a code example, I’ll teach you how 🙂

  

  Nicolas

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  01/31/2017 at 9:29 AM #23195
  RoLaDay

  Hello,

  this is the code I try to change:

  defparam cumulateorders = false defparam flatafter = 220000 defparam flatbefore = 080000 if dayofweek=2 then // Tuesday daytrading=1 if dayofweek=5 then // Friday daytrading=1 endif if time =072500 then myhigh=high mylow=low countB=0 countS=0 elsif time >072500 and time <= 080000 then myhigh=max(high,myhigh) mylow=min(low,mylow) TRIGGERLONG=myhigh*pointsize TRIGGERSHORT=mylow*pointsize OPENRANGE=(myhigh-mylow)*pointsize entrylong=TRIGGERLONG+OPENRANGE entryshort = TRIGGERSHORT-OPENRANGE currentdate=date endif if longonmarket and positionprice<>lastpriceS then countS = countS+1 lastpriceS = positionprice endif if shortonmarket and positionprice<>lastpriceB then countB = countB+1 lastpriceB = positionprice endif if date=currentdate and time >080000 and time <=185500 then If not longonmarket and daytrading=1 and countS=0 and close < entrylong then buy 1 shares at entrylong STOP set stop ploss openrange*3.0 set target profit openrange*1.0 if not shortonmarket and daytrading=1 and countB=0 and close > entryshort then sellshort 1 shares at entryshort STOP set stop ploss openrange*3.0 set target profit openrange*1.0 endif endif endif

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  defparam cumulateorders = false defparam flatafter = 220000 defparam flatbefore = 080000   if dayofweek=2 then // Tuesday daytrading=1   if dayofweek=5 then // Friday daytrading=1 endif   if time =072500 then myhigh=high mylow=low countB=0 countS=0     elsif time >072500 and time <= 080000 then   myhigh=max(high,myhigh) mylow=min(low,mylow) TRIGGERLONG=myhigh*pointsize TRIGGERSHORT=mylow*pointsize OPENRANGE=(myhigh-mylow)*pointsize entrylong=TRIGGERLONG+OPENRANGE entryshort = TRIGGERSHORT-OPENRANGE currentdate=date endif   if longonmarket and positionprice<>lastpriceS then countS = countS+1 lastpriceS = positionprice endif   if shortonmarket and positionprice<>lastpriceB then countB = countB+1 lastpriceB = positionprice endif   if date=currentdate and time >080000 and time <=185500 then   If not longonmarket and daytrading=1 and countS=0 and close < entrylong then buy 1 shares at entrylong STOP set stop ploss openrange*3.0 set target profit openrange*1.0   if not shortonmarket and daytrading=1 and countB=0 and close > entryshort then sellshort 1 shares at entryshort STOP set stop ploss  openrange*3.0 set target profit openrange*1.0     endif endif endif

   

  

  RoLaDay

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  01/31/2017 at 10:29 AM #23205
  Nicolas

  I do not see anything to be adapted for forex trading, but there are wrong copy/paste or you have modified things in the strategy code, so that now the conditional statements don’t follow any logic.

  I modified the code to be correct I think, I did not test it.. Your job 🙂 Here it is:

  defparam cumulateorders = false defparam flatafter = 220000 defparam flatbefore = 080000 if dayofweek=2 then // Tuesday daytrading=1 endif if dayofweek=5 then // Friday daytrading=1 endif if time =072500 then myhigh=high mylow=low countB=0 countS=0 elsif time >072500 and time <= 080000 then myhigh=max(high,myhigh) mylow=min(low,mylow) TRIGGERLONG=myhigh*pointsize TRIGGERSHORT=mylow*pointsize OPENRANGE=(myhigh-mylow)*pointsize entrylong=TRIGGERLONG+OPENRANGE entryshort = TRIGGERSHORT-OPENRANGE currentdate=date endif if longonmarket and positionprice<>lastpriceS then countS = countS+1 lastpriceS = positionprice endif if shortonmarket and positionprice<>lastpriceB then countB = countB+1 lastpriceB = positionprice endif if date=currentdate and time >080000 and time <=185500 then If not longonmarket and daytrading=1 and countS=0 and close < entrylong then buy 1 shares at entrylong STOP endif if not shortonmarket and daytrading=1 and countB=0 and close > entryshort then sellshort 1 shares at entryshort STOP endif endif set stop ploss openrange*3.0 set target profit openrange*1.0

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  defparam cumulateorders = false defparam flatafter = 220000 defparam flatbefore = 080000   if dayofweek=2 then // Tuesday daytrading=1 endif   if dayofweek=5 then // Friday daytrading=1 endif   if time =072500 then myhigh=high mylow=low countB=0 countS=0     elsif time >072500 and time <= 080000 then   myhigh=max(high,myhigh) mylow=min(low,mylow) TRIGGERLONG=myhigh*pointsize TRIGGERSHORT=mylow*pointsize OPENRANGE=(myhigh-mylow)*pointsize entrylong=TRIGGERLONG+OPENRANGE entryshort = TRIGGERSHORT-OPENRANGE currentdate=date endif   if longonmarket and positionprice<>lastpriceS then countS = countS+1 lastpriceS = positionprice endif   if shortonmarket and positionprice<>lastpriceB then countB = countB+1 lastpriceB = positionprice endif   if date=currentdate and time >080000 and time <=185500 then   If not longonmarket and daytrading=1 and countS=0 and close < entrylong then buy 1 shares at entrylong STOP endif   if not shortonmarket and daytrading=1 and countB=0 and close > entryshort then sellshort 1 shares at entryshort STOP endif   endif   set stop ploss openrange*3.0 set target profit openrange*1.0

   

  

  Nicolas

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  01/31/2017 at 12:09 PM #23242
  RoLaDay

  The code works like before… does that mean it wouldn’t have worked for AutoTrading? So I always have to put stop loss and target profit at the bottom?

  So it’s not possible to use the code for forex?

  

  RoLaDay

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  01/31/2017 at 12:41 PM #23246
  Nicolas

  This code can be of course used for forex trading. Like I said, I don’t see anything that could not worked on this type of instrument.

  Just saw a mistake on the STOP LOSS instruction, you should replace the line 54 with this one instead:

  set stop loss openrange*3.0

  1	set stop loss openrange*3.0

   

  

  Nicolas

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  02/03/2017 at 12:04 PM #23771
  RoLaDay

  The code works now, thanks a lot!

  Now I have one more question: Is there a possibility that the strategy buys or sells as soon as the price reaches entrylong/entryshort?

  At the moment the strategy buys when the next candle reaches entrylong/entryshort after the close was below or above entrylong/entryshort.

  So is there another code for “close” when I want to buy exactly when entryshort or -long is reached the first time?

  close > entryshort

  1	close > entryshort

   

  

  RoLaDay

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  02/06/2017 at 11:56 AM #24075
  Nicolas

  This strategy should already buy at exact prices of “entrylong” and “entryshort”, because it uses STOP pending orders at these levels. Or maybe I do not understood well your question?

  

  Nicolas

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  02/06/2017 at 5:04 PM #24129
  RoLaDay

  Yes it buys at exact prices, but not when the price is triggered the first time! It buys when it’s triggered the second time.

  For example if say buy 1 share at entrylong Stop and entrylong Stop is at 10.000 points, the strategy buys when the course already was over 10.000 points and comes back to 10.000 points at another candle.

  

  RoLaDay

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