Hi All,

First time post for me. I wouldn’t turn to this forum unless I had tried everything myself first. I have created an algo that reflects my current strategy. It’s not a ‘World Beating’ strategy by any means.

As you will see by the code – I’m probably less than a rookie and have pieced this together with a base level code from the ‘builder’ and slowly added and tweaked it to fit my individual needs from others (JuanJ, Nicholas). But I guess that’s the point of the network! 😀

It tests well, and hits my current personal targets when backtesting, but when I have unleashed it, it hasn’t yet made a trade. Of course, this could be due to the parameters not being met, but when I then backtest, it shows trades being made that were not reflected in real time when the algo was on.

I wondered if I could have an eye cast to double check I hadn’t done anything silly. It seems to have not yet made a trade, since I added the breakeven addition (created by the infamous Nicholas). It’s likely due to me not including it properly.

Hugely appreciate any guidance.

Best Tom

// Definition of code parameters
DEFPARAM CumulateOrders = FALSE // Cumulating positions deactivated

// Prevents the system from creating new orders to enter the market or increase position size before the specified time
noEntryBeforeTime = 000000
timeEnterBefore = time >= noEntryBeforeTime

// Prevents the system from placing new orders to enter the market or increase position size after the specified time
noEntryAfterTime = 240000
timeEnterAfter = time < noEntryAfterTime

// Prevents the system from placing new orders on specified days of the week
daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0

If dayofweek >= 5 and hour > 22 Then
If longonmarket Then
Sell at market
ElsIf shortonmarket Then
Exitshort at market
EndIf
EndIf

AA = period

ATR = AverageTrueRange[2](close)

//Breakeven functionality

startBreakeven = 30//pips to gain before breakeven functionality

PointsToKeep = 5 //pips to keep in profit above or below entry price when breakeven is activated


// Conditions to enter long positions
indicator1 = Average[100](close)
c1 = (close > indicator1)
indicator2 = RSI[2](close)
c2 = (indicator2 > 70)
indicator3 = Average[AA](close)+1.618*std[AA](close)
c3 = (close[1] > indicator3)
indicator4 = Average[AA](close)+1.618*std[AA](close)
c4 = (close > indicator4)
c5 = (open > open[2])

IF (c1 AND c2 AND c3 AND c4 AND c5) AND timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry THEN
BUY 5 CONTRACT AT MARKET
SET STOP pTRAILING 50
ENDIF

// Conditions to enter long positions  #2
indicator5 = Average[100](close)
c6 = (close < indicator5)
indicator6 = RSI[2](close)
c7 = (indicator6 > 50)
indicator7 = Average[AA](close)-1.618*std[AA](close)
c8 = (close[1] < indicator7)
indicator8 = Average[AA](close)-1.618*std[AA](close)
c9 = (close > indicator8)

IF c6 AND c7 AND c8 AND c9 THEN
BUY 5 CONTRACT AT MARKET
SET STOP pTRAILING 50
ENDIF

IF NOT ONMARKET THEN
breakevenLevel=0
Endif

IF LONGONMARKET AND close-tradeprice(1)>=startBreakeven*pipsize THEN
//calculate the breakevenLevel
breakevenLevel = tradeprice(1)+PointsToKeep*pipsize
ENDIF

IF breakevenLevel>0 THEN
SELL AT breakevenLevel STOP
ENDIF

// Conditions to exit long positions
indicator9 = Average[AA](close)+1.618*std[AA](close)
c10 = (close[2] > indicator9)
indicator10 = Average[AA](close)+1.618*std[AA](close)
c11 = (close[1] > indicator10)
indicator11 = Average[AA](close)+1.618*std[AA](close)
c12 = (close < indicator11)
indicator12 = Average[AA](close)+1.618*std[AA](close)
c13 = (high[1] > indicator12)
indicator13 = Average[AA](close)+1.618*std[AA](close)
c14 = (high < indicator13)

IF c10 AND c11 AND c12 AND c13 AND c14 THEN
SELL AT MARKET
ENDIF

// Conditions to enter short positions
indicator10 = Average[100](close)
c11 = (close > indicator10)
indicator11 = RSI[2](close)
c12 = (indicator11 < 50)
indicator12 = Average[AA](close)+1.618*std[AA](close)
c13 = (close[1] > indicator12)
indicator13 = Average[AA](close)+1.618*std[AA](close)
c14 = (close < indicator13)

IF (c11 AND c12 AND c13 AND c14) AND timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry THEN
SELLSHORT 5 CONTRACT AT MARKET
SET STOP pTRAILING 50
ENDIF

//Conditions to enter short positions #2
indicator14 = Average[100](close)
c15 = (close < indicator14)
indicator15 = RSI[2](close)
c16 = (indicator15 < 40)
indicator16 = Average[AA](close)-1.618*std[AA](close)
c17 = (close[1] < indicator16)
indicator17 = Average[AA](close)-1.618*std[AA](close)
c18 = (close < indicator17)
c19 = (open < open[2])

IF c15 AND c16 AND c17 AND c18 AND c19 THEN
SELLSHORT 5 CONTRACT AT MARKET
SET STOP pTRAILING 50
ENDIF


IF SHORTONMARKET AND tradeprice(1)-close>startBreakeven*pipsize THEN
//calculate the breakevenLevel
breakevenLevel = tradeprice(1)-PointsToKeep*pipsize
ENDIF

//place the new stop orders on market at breakevenLevel
IF breakevenLevel>0 THEN
EXITSHORT AT breakevenLevel STOP
ENDIF

// Conditions to exit short positions
indicator14 = Average[AA](close)-1.618*std[AA](close)
c15 = (close[2] < indicator14)
indicator15 = Average[AA](close)-1.618*std[AA](close)
c16 = (close[1] < indicator15)
indicator16 = Average[AA](close)-1.618*std[AA](close)
c17 = (low[2] < indicator16)
indicator17 = Average[AA](close)-1.618*std[AA](close)
c18 = (low[1] > indicator17)

IF c15 AND c16 AND c17 AND c18 THEN
EXITSHORT AT MARKET
ENDIF

If (indicator2 > 95) Then
Sell at market
ElsIf ((close > close[1] + ATR) or SHORTONMARKET) and indicator2 < 5 Then
Exitshort at market
EndIf