Trading the 5 Min Bar
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I’m ‘licking my wounds’ at the mo as I got on the wrong side of the DAX rout today and I let it run thinking the price drop would pull back!
Cheers GraHalYes we are bouncing around a supply and demand zone that was evident back around 7th/8th Nov and just above one from 18th/19th Dec. A dangerous place to take a position as could go either way from here. Best to wait for a breakout and jump on once it is established.
Now how exactly do you code that is the big question?
Vonasi that was July I wrote … I’m ‘licking my wounds’ at the mo
Today has been one of my best days for quite a while … so far!! Ooops my bad. Should check the post dates before posting.
Yes today is a better day for going long than the range bound trading yesterday – but not as good as last week. If only everyday was as good as last week on the DAX? We are still within the 7th/8th Nov supply and demand zone and that big number 13400 is causing some difficulty to get over.
GraHal thanked this postDue to having had a ‘bashing’ of late with my manual trading, I’m going over old Algos.
@robertogozzi helped me loads and did some super coding below so all credit goes to Roberto.
With two variable value changes, the original code now gives good results on a 1 Hour TF.
Can’t get trades beyond 10,000 bars … is that normal?? It’s on my Demo Platform, but no error messages.
GraHal
//------------------------------------------------------------------------- // Main code : $ RGozzi Macd-Mfi DAX 5M //------------------------------------------------------------------------- //------------------------------------------------------------------------- // Main code : RGozzi Macd-Mfi DAX 5M //------------------------------------------------------------------------- //------------------------------------------------------------------------- // Macd-Mfi DAX 5 min //------------------------------------------------------------------------- DEFPARAM CumulateOrders = False DEFPARAM FlatBefore = 080000//090000 //no trades before 09:00:00 DEFPARAM FlatAfter = 210000//213000 //no trades after 21:30:00 ONCE nLots = 1 //number of LOTs traded ONCE TP = 25 //60 pips Take Profit ONCE SL = 40 //40 pips Stop Loss ONCE Macd1 = 14 //14 ONCE Macd2 = 32 //32 ONCE Macd3 = 9 //9 MacdVal = MACD[Macd1,Macd2,Macd3](close) MacdSignal = MACDline[Macd1,Macd2,Macd3](close) MfiVal = MoneyFlow[23](close) //23 //*************************************************************************************** IF LongOnMarket THEN IF MacdSignal CROSSES UNDER MacdVal THEN SELL AT MARKET //Exit LONGs when MACD reverses southwards ENDIF ENDIF IF ShortOnMarket THEN IF MacdSignal CROSSES OVER MacdVal THEN EXITSHORT AT MARKET //Exit SHORTs when MACD reverses northwards ENDIF ENDIF //*************************************************************************************** trailingstart = 6 //2 trailing will start @trailinstart points profit trailingstep = 6 //8 trailing step to move the "stoploss" //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN newSL = tradeprice(1)+trailingstep*pipsize ENDIF //next moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*pipsize ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THEN newSL = tradeprice(1)-trailingstep*pipsize ENDIF //next moves IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN newSL = newSL-trailingstep*pipsize ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF //*************************************************************************************** // LONG trades //*************************************************************************************** a1 = close > open //BULLish bar a2 = MacdSignal CROSSES OVER MacdVal //MACD goes North a3 = (MfiVal > 500) AND (MfiVal > MfiVal[1]) //3200 Mfi limit IF a1 AND a2 AND a3 THEN BUY nLots CONTRACT AT MARKET ENDIF //*************************************************************************************** // SHORT trades //*************************************************************************************** b1 = close < open //BEARish bar b2 = MacdSignal CROSSES UNDER MacdVal //MACD goes South b3 = (MfiVal < - 500) AND (MfiVal < MfiVal[1]) //-3200 Mfi limit IF b1 AND b2 AND b3 THEN SELLSHORT nLots CONTRACT AT MARKET ENDIF // SET TARGET PPROFIT TP SET STOP PLOSS SL //GRAPH MfiVal AS "Mfi"The above code uses / needs volume figures.
Hey I think I might have thought of an answer to my question above re no trades beyond 10,000 bars … when did IG start providing volume figures … 10,000 x 1H bars ago??
Also the divide by zero error (see previous posts) may be caused by lack of volume during out of hours periods? Nicolas did suggest this a while back.
GraHal
PS Yep that’s it … see attached
Nicolas thanked this postHey wow … must be loads of potential in these!!!!!
All I did was change below and look at results of 5 Min TF!!!!!!Loving the staircase curve!!!!!!!!!!!!!!!!!!
Look at the 89% winning Trades!!!!!!!!!!! Look at the £5 Drawdown?????????????
Quick In and Out, money back in my pot and sleep soundly!!!!!!!!!!!!!!!!! 🙂 🙂 🙂
Onward and Upward eh Gertrade?
GraHal
PS If consistent returns over a long period then all we have to do to make big money is to increase Lot Size.ONCE TP = 5 //23 pips Take Profit ONCE SL = 15Gertrade thanked this postNote that I didn’t pick the best overall result.
I selected a compromise between best % winning trades, number of Trades, profit and tick mode value etc (=1)
GraHal
PS Hope above fires you up to consider normal accepted Time Frames … 15Min, 5 Min, 1Min etc?Gertrade thanked this post
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Topic Details
| Forum: | ProOrder: Automated Strategies & Backtesting |
| Language: | English |
| Started: | 07/13/2017 |
| Status: | Active |
| Attachments: | 38 files |
