13 Sep 2020
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This ProBuilder code snippet demonstrates how to track the number of bars from the time a trading order is placed until it becomes profitable. The code uses basic trading strategy elements like RSI indicators for entry signals, and profit and loss thresholds. It also includes a mechanism to count the number of bars that have elapsed since the order turned profitable.
defparam cumulateorders=false //strategy example
if not onmarket and rsi[14] crosses over 50 then
buy at market
start = barindex
set target %profit 5
set stop %loss 2.5
endif
//how many bars were in profit
if onmarket then
//floating profit
floatingprofit = (((close-positionprice)*pointvalue)*countofposition)/pipsize
if floatingprofit>0 and lastorderExplanation of the Code:
- Line 1: Disables the accumulation of orders, ensuring each order is treated independently.
- Lines 2-6: Defines the entry condition using the Relative Strength Index (RSI). If the market is not currently entered (not onmarket) and the RSI crosses above 50, a buy order is placed. The bar index at the time of order placement is stored in start, and profit and loss thresholds are set.
- Lines 8-15: Checks if the market has an open order (onmarket). It calculates the floating profit, which is the unrealized gain or loss of the current position. If the floating profit is positive and it's the first time since the order was placed that the position is in profit, it updates lastorder to the current start and calculates the number of bars since the order became profitable.
- Line 16: Resets the bar count to zero if there is no open market order.
- Line 18: Outputs the number of bars since the order became profitable as a graph on the chart.
This snippet is useful for traders who want to analyze the efficiency of their entry strategy by measuring how quickly their trades become profitable.
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https://www.prorealcode.com/topic/connaitre-le-nombre-de-chandelier-sous-0e/#post-139861
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Nicolas
Master
I created ProRealCode because I believe in the power of shared knowledge. I spend my time coding new tools and helping members solve complex problems.
If you are stuck on a code or need a fresh perspective on a strategy, I am always willing to help. Welcome to the community!
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