Would anyone have a go at coding this?

• 09/30/2024 at 7:29 PM #238301
  Catalin

  I am massively incompetent when it comes to coding and I am here for help.  I keep missing out on trades in a particular strategy and want to see if automating it would make it easier.  My filters for it are structure in higher time frame and an ema but I am happy to assess that myself.  The entry conditions for a long, that I’d like someone to code for me, are:

  • Last Candle – Negative body candle
  • Current Candle – Positive body candle
    • Close within top third or quarter of candle body

  Entry

  • Stop long order to trigger let’s say 5 points higher than the top of the current candle
    • UK spread betting so per point rather than contracts
  • Stop loss order let’s say 5 points under the current candle
  • Extra options:
    • Order good for x minutes (I think the broker allows that)
    • The buy price must be minimum y points under the highest high of the last 10 ish candles. I don’t want to buy into new area.
    • Max risked points (Stop entry minus stop loss) =z

  I’d happily pay someone if available.

  Thank you very much,

  C

  

  Catalin

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  10/01/2024 at 3:41 PM #238357
  Iván

  Here you have an example:

  // Configurable parameters declaration puntosEntrada = 5 // Points above the current candle to trigger the buy stop order puntosStop = 5 // Points below the current candle for the stop loss validacionMinutos = 10 // Duration of the order in minutes distanciaMaxima = 10 // Minimum points below the highest high of the last 10 candles where the buy price should be riesgoMaximo = 15 // Maximum risk points allowed (stop entry - stop loss) ratioBeneficio = 2 // Ratio to calculate the take profit target (e.g., 2:1) // Candle variables cuerpo = abs(open - close) // Body size of the current candle rango = High - Low // Range of the current candle // Defining candle conditions PreviousCandleNegative = Open[1] > Close[1] // Previous candle with a negative body CurrentCandlePositive = Close > Open // Current candle with a positive body // Close within the top third or quarter of the candle body closeInUpperThird = Close > (High - (rango / 3)) closeInUpperQuarter = Close > (High - (rango / 4)) // Identification of the highest high of the last 10 candles highestHighLast10 = HIGHEST[10](High) y = 10 // Variable used as an example // Entry conditions for a long position IF PreviousCandleNegative AND CurrentCandlePositive THEN IF (closeInUpperThird OR closeInUpperQuarter) THEN // Calculate entry and stop levels entryLevel = High + puntosEntrada * POINTSIZE stopLevel = Low - puntosStop * POINTSIZE riskPoints = entryLevel - stopLevel // Calculate the take profit target profitTarget = entryLevel + riskPoints * ratioBeneficio // Check additional conditions IF entryLevel < (highestHighLast10 - distanciaMaxima * POINTSIZE) AND riskPoints <= riesgoMaximo * POINTSIZE THEN // Place buy stop order BUY 1 contract AT entryLevel STOP // Set stop loss SET STOP price stopLevel // Set take profit target SET TARGET price profitTarget ENDIF ENDIF ENDIF

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  // Configurable parameters declaration puntosEntrada = 5  // Points above the current candle to trigger the buy stop order puntosStop = 5     // Points below the current candle for the stop loss validacionMinutos = 10  // Duration of the order in minutes distanciaMaxima = 10   // Minimum points below the highest high of the last 10 candles where the buy price should be riesgoMaximo = 15      // Maximum risk points allowed (stop entry - stop loss) ratioBeneficio = 2     // Ratio to calculate the take profit target (e.g., 2:1)   // Candle variables cuerpo = abs(open - close)  // Body size of the current candle rango = High - Low         // Range of the current candle   // Defining candle conditions PreviousCandleNegative = Open[1] > Close[1]  // Previous candle with a negative body CurrentCandlePositive = Close > Open         // Current candle with a positive body   // Close within the top third or quarter of the candle body closeInUpperThird = Close > (High - (rango / 3)) closeInUpperQuarter = Close > (High - (rango / 4))   // Identification of the highest high of the last 10 candles highestHighLast10 = HIGHEST[10](High) y = 10  // Variable used as an example   // Entry conditions for a long position IF PreviousCandleNegative AND CurrentCandlePositive THEN IF (closeInUpperThird OR closeInUpperQuarter) THEN // Calculate entry and stop levels entryLevel = High + puntosEntrada * POINTSIZE stopLevel = Low - puntosStop * POINTSIZE riskPoints = entryLevel - stopLevel   // Calculate the take profit target profitTarget = entryLevel + riskPoints * ratioBeneficio   // Check additional conditions IF entryLevel < (highestHighLast10 - distanciaMaxima * POINTSIZE) AND riskPoints <= riesgoMaximo * POINTSIZE THEN // Place buy stop order BUY 1 contract AT entryLevel STOP // Set stop loss SET STOP price stopLevel // Set take profit target SET TARGET price profitTarget ENDIF ENDIF ENDIF

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  Catalin

  

  Iván

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  10/02/2024 at 8:00 AM #238389
  plbourse

  Hello Catalin

  On which instruments, timeframe do you plan to investigate this strategy ?

  Do you have backtest results you could share ?

  I am personally investigating future index tradings (small Nasdaq, Dow, CAC, DAX).  Let us see if we have common interests.

  Thanks

  

  plbourse

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  10/02/2024 at 9:31 AM #238392
  Catalin

  Hi, I dont have backtests the way algo traders seem to produce.  I cant code an entry, I have no hope in hell to code market structure.  I intend to use it on the major indices.

   

   

  

  Catalin

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  10/02/2024 at 12:31 PM #238405
  GraHal

  Not sure what you are saying above, but just to show that the code Ivan provided (3 posts above) does open and close trades, see attached.

  

  GraHal

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  10/05/2024 at 10:16 AM #238504
  Catalin

  Hi, I meant to say that what I asked for help with only covers they entry side of things.  Getting in at retest of structure is what I believe gives it a chance to work and I have no hope to code that.  So my plan is to set up alerts at levels that make sense and then set the algo so I dont have to waste hours waiting for an entry.

  

  Catalin

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  10/05/2024 at 11:46 AM #238522
  GraHal

  Catalin wrote:

  I dont have to waste hours waiting for an entry.

  If with IG then you can set a Notification Alert to your phone when a trade is opened.

  Re code for market structure … if you can state in plain english what you want your code to do then there are a few very kind ‘coding wizards’ on here who would code it for you.

  Plain english specification in bullet points are good as easy to follow and makes for brief statements of requirements.

  

  GraHal

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