50 points system, no indikator needed

• 05/04/2025 at 8:13 PM #246784
  f1_maik

  Hello dear people, maybe someone can help me, I am not a light in programming, but here is an approach that differs from the usual indicator-driven approach.  In some of the forums I frequent, the following approach is used for indices, especially the Dax40.

  the system
  When the market opens at 08.00 or even 09.00, any trend direction is assumed, purely arbitrary, let’s say long.
  For the first trade of the day, the SL and TP are set at 50 points.
  If the TP is reached in the 1st trade, the system will not execute any further trades on this day.
  If the SL is reached in the 1st trade, a 2nd trade in the opposite direction (short) is started immediately. SL 50 points, TP 100 points.
  If the TP is reached in the 2nd trade, the system will not execute any further trades on that day.
  If the SL is reached in the 2nd trade, a 3rd and last trade started on this day, again in the opposite direction, i.e. in this case again long. SL 50 points, TP 150 points.
  Regardless of whether the SL or TP is reached in the 3rd trade, the system is terminated on this day.

  The same game is then played the next day with the change that the arbitrary trade direction is the opposite trade direction of the previous day. The 1st trade would therefore be short. The 2nd trade would be long, the 3rd trade would be short again.

  On the day after next we start again in the opposite direction of the previous day, with long, on the 4th day then with short, on the 5th day with long and so on.

  Trading only takes place Monday to Friday without the addition of Sunday. The overnight risk is initially neglected. Cumulateorders = false. The system only starts once a day and is limited to a maximum of 3 trades and thus 150 points loss.

  Can this be programmed with ProRealCode? The main difficulty I see is the exact change after reaching the respective SL.

  Here again the SL and TP
  sl1 = 50
  tp1 = 50

  sl2 = 50
  tp2 = 100

  sl3 = 50
  tp3 = 150

   

  When asked why points, I say we can also use percentages. I hold 50 points in the Dax40 at 20,000 points in dax a few days ago, we would be at 0.25%. However, people there have got hooked on the 50 points.

  

  f1_maik

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  05/05/2025 at 10:22 AM #246800
  Iván

  Hi! Here you have an example

  defparam flatafter = 210000 defparam flatbefore = 080000 once dirini=1 once e=1 sl=50 tp1=50 tp2=100 tp3=150 if intradaybarindex=0 then dirini=-dirini numtrades=0 e=1 endif if longonmarket then buyprice=tradeprice stoploss=tradeprice-sl*pipsize takeprofit1=tradeprice+tp1*pipsize takeprofit2=tradeprice+tp2*pipsize takeprofit3=tradeprice+tp3*pipsize elsif shortonmarket then buyprice=tradeprice stoploss=tradeprice+sl*pipsize takeprofit1=tradeprice-tp1*pipsize takeprofit2=tradeprice-tp2*pipsize takeprofit3=tradeprice-tp3*pipsize endif if not onmarket and dirini=1 and e=1 then buy 1 contract at market elsif not onmarket and dirini=-1 and e=1 then sellshort 1 contract at market endif if longonmarket and e<=3 then sellshort 1 contract at stoploss stop elsif shortonmarket and e<=3 then buy 1 contract at stoploss stop endif if longonmarket and (shortonmarket[1] or not onmarket[1]) then e=e+1 elsif shortonmarket and (longonmarket[1] or not onmarket[1] ) then e=e+1 endif if e<=2 then takeprofit=takeprofit1 set target pprofit tp1 elsif e=3 then takeprofit=takeprofit2 set target pprofit tp2 elsif e=4 then takeprofit=takeprofit3 set target pprofit tp3 set stop ploss sl endif graphonprice buyprice coloured("blue") graphonprice stoploss coloured("red") graphonprice takeprofit coloured("green")

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65

  defparam flatafter = 210000 defparam flatbefore = 080000   once dirini=1 once e=1   sl=50 tp1=50 tp2=100 tp3=150     if intradaybarindex=0 then dirini=-dirini numtrades=0 e=1 endif   if longonmarket then buyprice=tradeprice stoploss=tradeprice-sl*pipsize takeprofit1=tradeprice+tp1*pipsize takeprofit2=tradeprice+tp2*pipsize takeprofit3=tradeprice+tp3*pipsize elsif shortonmarket then buyprice=tradeprice stoploss=tradeprice+sl*pipsize takeprofit1=tradeprice-tp1*pipsize takeprofit2=tradeprice-tp2*pipsize takeprofit3=tradeprice-tp3*pipsize endif   if not onmarket and dirini=1 and e=1 then buy 1 contract at market elsif not onmarket and dirini=-1 and e=1 then sellshort 1 contract at market endif   if longonmarket and e<=3 then sellshort 1 contract at stoploss stop elsif shortonmarket and e<=3 then buy 1 contract at stoploss stop endif   if longonmarket and (shortonmarket[1] or not onmarket[1]) then e=e+1 elsif shortonmarket and (longonmarket[1] or not onmarket[1] ) then e=e+1 endif   if e<=2 then takeprofit=takeprofit1 set target pprofit tp1 elsif e=3 then takeprofit=takeprofit2 set target pprofit tp2 elsif e=4 then takeprofit=takeprofit3 set target pprofit tp3 set stop ploss sl endif   graphonprice buyprice coloured("blue") graphonprice stoploss coloured("red") graphonprice takeprofit coloured("green")

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  f1_maik

  

  Iván

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  05/05/2025 at 8:25 PM #246824
  f1_maik

  Hello Ivan. Thank you! The help/translation came with blue light, “nee-naw, woop-woop”. Thank you very much.

  I’ll take a look at it over the next 1.2 days to understand it. I’ll be back.

  

  f1_maik

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  05/11/2025 at 1:38 PM #246971
  f1_maik

  Hello Ivan.

  Thanks again for programming the system. I was able to take a look at it today and your program already does a lot of things right!
  For example, if the 1st trade ends with a loss, the 2nd trade is started in the opposite direction, it works perfectly!
  Also correct is: SL always 50 points and TP staggered TP1 50 points, TP2 points, TP 3 points, works, great!

  But now to the problem. See screenshot 1
  Chart Dax40 M1,  Day 10.04.2025 start time 09.00 am
  The 1st trade goes into the TP. Fits, works!
  But (!!) then the system opens further trades on 10.04.! That’s not supposed to happen! It’s only about 50 points. If a profit of 50 points is made on a day (maybe with the 1st trade), then no more trades are made on that day!

  If 1.trade goes into winnings, then no more trades on that day. You have your 50 points
  If 1st trade goes into loss, then and only then, will a 2nd trade be started on that day, in the opposite direction of course. The 2nd trade has TP 100, of course.

  If 2nd trade goes into profit, that’s it for the day, then no more trades on that day! You have your 50 points (1×50 loss and 1×100 profit).
  If 2nd trade goes into loss, then and only then, is a 3rd trade started. Again in the opposite direction, of course. The 2nd trade has TP 150, of course.

  If 3rd trade TP is in profit or in loss, it is no longer traded on that day. No (!) 4th trade is started, never! Either you have 3x 50 points loss or summary 1x 50 profit .

   

  But and now here is the problem. On 10.04. he starts more than 3 trades and also or although already the 1st trade ends with 50 points in profit. See screenshot attached.

   

  Can you change that the system
  a. stops after 50 points profit on a day (will reached with 1 oder 2 trades) or
  b. in case 2 consecutive losses on the same day the system starts only a 3rd, a last trade on that day.

   

  On the next day the system should then start from the beginning with the 1st trade, of course.

  Can you do that?

  lg and gl

  

  f1_maik

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