Buy in bulltrend when short term correction is ended.
Orders are triggered when a short term correction has ended and in a well established bullish trend. I used the indicator you can find here: Gann Market Model to determine the point entries.
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// Festlegen der Code-Parameter DEFPARAM CumulateOrders = False // Kumulieren von Positionen deaktiviert capital = 100000 + strategyprofit n = capital / close //short term a1= ExponentialAverage[50](high)[1] b1=ExponentialAverage[50](low)[1] if customclose > a1 then c1 = 1 Else IF customclose < b1 then c1=-1 endif ENDIF if c1= -1 then D1 = a1 ELSE D1=b1 endif a2= ExponentialAverage[100](high)[1] b2=ExponentialAverage[100](low)[1] if customclose > a2 then c2 = 1 Else IF customclose < b2 then c2=-1 endif ENDIF if c2= -1 then D2 = a2 ELSE D2=b2 endif a3= ExponentialAverage[200](high)[1] b3=ExponentialAverage[200](low)[1] if customclose > a3 then c3 = 1 Else IF customclose < b3 then c3=-1 endif ENDIF if c3= -1 then D3 = a3 ELSE D3=b3 endif if D1 < close then result = 1 else result = 0 endif if D2 < close then result1 = 1 else result1 = 0 endif if D3 < close then result2 = 1 else result2 = 0 endif c10 = (result+result1+result2) // Bedingungen zum Einstieg in Long-Positionen IF c10 > 2 THEN BUY n shares AT MARKET ENDIF // Bedingungen zum Ausstieg von Long-Positionen IF c10 < 3 THEN SELL AT MARKET ENDIF |
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Thanks a lot for the new strategy.
I just run it on the DAX, it gives not yet steady results. (on different time frames, from 5 min till a full day)
1. What timeframe do you suggest to use for this strategy ?
2. Is the Gann Market Model Short Term Correction strategy also useful for short positions / preferably both short and low positions ?
Kind regards,
i use it on daily Chart only. i use it on stock market for long only startegies. i´m no fan of short positions.
Hi Odin, Thank you for the code.
I made sone test with M1 timeframe and results have to be improved but so far interesting.
Please find here modified code:
https://www.prorealcode.com/topic/gann-market-model-short-term-correction-strategy-m1-timeframe/
Sorry, a quick question I cannot see on forum please ?…Using ProScreener, how can we get the full list of stocks that meet the criteria, not just the top 50 ?
Thank you,