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.
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