Wanted help to backtesting indicator type Larry Williams

Zigo · Sat, 09 May 2020 11:43:28 +0000

I manually tested a version of the Larry Williams approach, the results where not outstanding but nevertheless I can see possibilities. The principle : entering the market, depending on the previous candle. Normally it is usted on a dayly timeframe and on forex pairs, but I have transformed it to every timeframe and every instrument. Manually it works. In reality I tested the indicator yesterday on a 45 min graph. The parameters didn’t seemed optimal and trerefore I tried to programme a backtest scenario but, it failed. Here is the indicator: Defparam drawonlastbaronly = true f=0.2 KH= high[1] KL=low[1] up=KH* f/100 Dn=KL*f/100 P=open U= P + up L= P - dn //Tekenen DRAWSEGMENT(barindex, u, barindex[3], u)coloured(5,155,5,255) DRAWSEGMENT(barindex, L, barindex[3], L)coloured(175,75,75,255) DRAWTEXT(" Go Long above =#U#", barindex, U, dialog, bold, 20)coloured(5,155,5,255) DRAWTEXT(" Go Short under =#L#", barindex, L, dialog, bold, 20)coloured(175,75,75,255) TP=u+(0.89*(u-l)) St=l-(0.89*(u-l)) DRAWSEGMENT(barindex, TP, barindex[3], TP) DRAWSEGMENT(barindex, St, barindex[3], St) DRAWTEXT(" TP Long / Stop Short=#TP#",barindex,TP, dialog,standard, 20)coloured(255,255,255,255) DRAWTEXT(" TP Short / Stop Long=#St#", barindex, St, dialog,standard, 20)coloured(255,255,255,255) return u,l

This topic has 17 replies, 3 voices, and was last updated 4 years ago by Zigo.

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05/11/2020 at 9:08 AM #131061

Zigo

45 min graphics

1.- Last seconds of the candle of 9:15:00 stops at 9:59:38

2.-New candle 10:01:05

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keewee

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05/11/2020 at 9:47 AM #131079

Zigo

@ Vonasi

This picture has taken the miner limit of entry “Go Short” and has order filled at 10921.9

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05/11/2020 at 9:48 AM #131081

Zigo

Target has reached

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Wanted help to backtesting indicator type Larry Williams

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