Long/Short Waves trading system

nepu77 · 2020-03-25T08:45:27+00:00

THE INDICATOR IS A LONG SHORT SYSTEM FOR EVERY MARKET. I USE THIS FOR THE TRADING SYSTEM: // Festlegen der Code-Parameter DEFPARAM CumulateOrders = False // Kumulieren von Positionen deaktiviert // Bedingungen zum Einstieg in Long-Positionen indicator1, ignored = CALL WAVE c1 = (indicator1 >= 1) IF c1 THEN BUY 1 SHARES AT MARKET ENDIF // Bedingungen zum Einstieg in Short-Positionen ignored, indicator2 = CALL WAVE c2 = (indicator2 <= -1) IF c2 THEN SELLSHORT 1 SHARES AT MARKET ENDIF // Stops und Targets SET STOP %TRAILING 0.5

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03/26/2020 at 2:54 PM #123441 quote

Paul
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Master

What I see, on short timeframe, if taking profit (fast ts) and entry-criteria is still active, it enters the next bar after taking profit, but the price paid is with a high risk/reward ratio.

03/26/2020 at 7:25 PM #123514 quote

nepu77
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Average

mm .. Chart is Chart for me … let me explane.

Every Chart is the same for me because this Wave happens in every Timeframe. 1Month chart as well in the 1 Min Chart. The Idea for it come 10 Years ago.

For me the best Daytrading Chart is the 1 Day Chart. But you can also use it in 1 H Chart. The difference is the best Takeprofit. This is in a 1 Day Chart better then in 1 Min Chart. In the 1 Day Chart you can use 0.5% – 1% Takeprofit every Day. ( 80% of the time )

Normaly the Chart is not changing till the Top or 5 Waves has finished. But it is not important to know every time the 5 Waves – it is only important to do something , when the trend is Change .

So the real Risk is in the Future – that the trend is Change.

The red Points are normaly Levels what not should happens … very often the trend here is Change. So you can use STops on this Levels.

So the Risk is more in the Future

03/27/2020 at 10:31 AM #123564 quote

nepu77
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Average

This is a very typical Backtest … 90% by 0.5% Takeprofit .. but no Money

1-1.png

03/27/2020 at 1:05 PM #123601 quote

GraHal
Participant

Master

nepu77 wrote:

but no Money

So why don’t you change the conditions in the code or the Timeframe or the Instrument so it gives better results?

03/27/2020 at 5:33 PM #123629 quote

nepu77
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Average

I think I have to do this ..

When you write for a System .. do you try it only on the last trades ? (Maybe on the last 200 trades )

Or is it important for you that it works all the time ?

03/27/2020 at 6:51 PM #123641 quote

GraHal
Participant

Master

Get it working on the last 10k bars or even 1k bars with a decent average profit per trade (relative to risk / TF etc) and then work back from there so that the System at least does not lose over distant history, but yes more recent trades are more important.

nepu77 thanked this post

04/07/2020 at 2:37 PM #125066 quote

nepu77
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Average

This is the Idea with every time 5 Waves. An Elliottwave Pattern.

It is not perfekt coded ..sorry but it Show the Idea.

WAVE.itf

04/10/2020 at 8:54 AM #125530 quote

nepu77
Participant

Average

I try something in the MoneyManagement … Now it is profitable – i think on every market.

I reinvest the winners … that´s all

1-3.png 2-3.png WAVE-1.itf
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