Automated trading with Pivot Points and Dojis
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Thank you, it is good to know, that the code is actually working, but it is just not working on my pc. What could be a reason for that, since my picture shows a different result?
Once again, when I use the following code with the euro dollar mini chart, the trade does not close when a new lower low forms. This exact code is working at different markets, like DAX or DOW JONES. The picture shows thursday 20.07.2017, and I backtested 100000 units.
Do I have to consider something special when using the euro dollar mini chart? Thank you!:)
// EURO DOLLAR MINI 15 min DEFPARAM CumulateOrders = false DEFPARAM FlatBefore = 000000 DEFPARAM FlatAfter = 234500 if OpenDayOfWeek = 1 then Pivot = (DHigh(2) + DLow(2) + DClose(2)) / 3 //R1 = 2*Pivot - DLow(2) //S1 = 2*Pivot - DHigh(2) //rR2 = Pivot + (DHigh(2) - DLow(2)) S2 = Pivot - (DHigh(2) - DLow(2)) //R3 = R1 + (DHigh(2) - DLow(2)) //S3 = S1 - (DHigh(2) - DLow(2)) endif if OpenDayOfWeek = 2 then Pivot = (DHigh(1) + DLow(1) + DClose(1)) / 3 //R1 = 2*Pivot - DLow(1) //S1 = 2*Pivot - DHigh(1) //rR2 = Pivot + (DHigh(1) - DLow(1)) S2 = Pivot - (DHigh(1) - DLow(1)) //R3 = R1 + (DHigh(1) - DLow(1)) //S3 = S1 - (DHigh(1) - DLow(1)) endif if OpenDayOfWeek = 3 then Pivot = (DHigh(1) + DLow(1) + DClose(1)) / 3 //R1 = 2*Pivot - DLow(1) //S1 = 2*Pivot - DHigh(1) //rR2 = Pivot + (DHigh(1) - DLow(1)) S2 = Pivot - (DHigh(1) - DLow(1)) //R3 = R1 + (DHigh(1) - DLow(1)) //S3 = S1 - (DHigh(1) - DLow(1)) endif if OpenDayOfWeek = 4 then Pivot = (DHigh(1) + DLow(1) + DClose(1)) / 3 //R1 = 2*Pivot - DLow(1) //S1 = 2*Pivot - DHigh(1) //rR2 = Pivot + (DHigh(1) - DLow(1)) S2 = Pivot - (DHigh(1) - DLow(1)) //R3 = R1 + (DHigh(1) - DLow(1)) //S3 = S1 - (DHigh(1) - DLow(1)) endif if OpenDayOfWeek = 5 then Pivot = (DHigh(1) + DLow(1) + DClose(1)) / 3 //R1 = 2*Pivot - DLow(1) //S1 = 2*Pivot - DHigh(1) //rR2 = Pivot + (DHigh(1) - DLow(1)) S2 = Pivot - (DHigh(1) - DLow(1)) //R3 = R1 + (DHigh(1) - DLow(1)) //S3 = S1 - (DHigh(1) - DLow(1)) endif dojisizes2d = 10 dojis2d = Range >= ABS(Open[1] - Close[1]) * dojisizes2d bullishs2d = (dojis2d and low[1] <= s2+abstl2d and low[1] >= s2-abst2d and close>high[1] and low>low[1]) abst2d = 8*pipsize abstl2d = 2*pipsize size = 4 if bullishs2d then ldbs2d = low[1]-2 Buy size Contract at Market endif if longonmarket and ldbs2d then sell at ldbs2d stop endif if longonmarket and (close <low[1]) then sell at market endifI’ve not really been following this thread but thought I would test the code you have given. I think I have the same section of chart as you and mine works fine.
[attachment file=71266]
I do notice a couple of things in your code that are unrelated. You have declared the variable values after they are used in a condition so as code is processed from top to bottom the value in the condition will be zero rather than your desired value:
bullishs2d = (dojis2d and low[1] <= s2+abstl2d and low[1] >= s2-abst2d and close>high[1] and low>low[1]) abst2d = 8*pipsize abstl2d = 2*pipsizeAlso you give a value to a variable at time of market entry and then use it as a condition to set a sell stop which is unnecessary as just being on the market is sufficient conditions to set the sell stop.
if bullishs2d then ldbs2d = low[1]-2 Buy size Contract at Market endif if longonmarket and ldbs2d then sell at ldbs2d stop endifAlso you should consider that when a position is opened the Sell Stop will not be set until one bar later as at the time of entry the condition of OnMarket is not being met so you should put the Sell Stop in at the same time as the market entry is made or use a Set Stop Loss at time of entry and then add the Sell Stop one bar later.
if bullishs2d then ldbs2d = low[1]-2 Buy size Contract at Market sell at ldbs2d stop endif if longonmarket and close < low[1] then sell at market endifrobertogozzi and cgraubner thanked this postOnce again, when I use the following code with the euro dollar mini chart, the trade does not close when a new lower low forms.
It simply DOES what you wrote. At line 95 you wrote to exit a LONG trade when a CLOSING price is lower THAN the previous low, not when it makes a lower low!
Yes but in the picture he attached it does not adhere to that rule. The arrowed candle should be the decision to exit.
[attachment file=71271]
cgraubner thanked this postAdding
GRAPH dojis2d GRAPH bullishs2d GRAPH ldbs2d GRAPH close GRAPH low[1]helped me to spot that ldbs2d is negative because it subtracts 2 from 1.14793. Try with line 84 replaced by
ldbs2d = low[1]-2*pipsizeNow the trade you outlined will end at the closing of the candle with a closing price < low[1] (ProOrder will display a cross above the next bullish candlestick).
cgraubner thanked this post
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Topic Details
| Forum: | ProOrder: Automated Strategies & Backtesting |
| Language: | English |
| Started: | 05/07/2018 |
| Status: | Active |
| Attachments: | 25 files |
