Averaging Down Orders improvment

Ludde500 · Tue, 15 Aug 2017 10:01:20 +0000

The past 6-12 months I´ve broadly tested on the demo account all existing “strategy” on ProRealCode. Most results has been pretty bad. Except one that consistently has showed good results (winning trades 67%) It have had a bit to large drawdowns but has always recovered and showed good results Probably the one with most simple tenchology, Averaging Down Orders The best results have been on USD/JPY 5M, but on most other index and currencies the result has been bad. I don´t know programming and wonder if someone would be interested in help improve it? The drawdowns would need to be limited to reasonable levels, and that it shouldn´t place order during certain times and days You would probably also discover other improvements that the system is missing //------------------------------------------------------------------------- // Main code : #averaging down orders //------------------------------------------------------------------------- defparam cumulateorders = true // indicators EMA3 = exponentialaverage[3] EMA10 = exponentialaverage[10] if barindex>1 then haopen=(haopen[1]+haclose[1])/2 haclose=(open+close+low+high)/4 endif // first order (EMA cross) if not shortonmarket and EMA3 crosses under EMA10 then SELLSHORT 1 SHARE AT MARKET endif // close position with bullish EMA cross only if we are in profit and we are not already averaging down (1 position only) if countofposition=-1 and haclose<tradeprice and EMA3 crosses over EMA10 then EXITSHORT AT MARKET endif // averaging down if shortonmarket and haopen>haclose and haopen[1]<haclose[1] and haclose>tradeprice then SELLSHORT 1 SHARE AT MARKET endif // monitor the average price of whole orders and close them accordingly if shortonmarket and haclose<positionprice and countofposition<-1 then EXITSHORT AT MARKET endif

This topic has 19 replies, 6 voices, and was last updated 6 years ago by Nicolas.

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08/21/2017 at 11:04 AM #44290

victormork

@Henrik I can recommend Van Tharp’s Definitive Guide to Position Sizing. This book cover both system evaluation and how to use position sizing to increase you return without taking unnecessary risk.

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08/21/2017 at 11:43 AM #44291

Despair

Very good book! ^^^

Despair
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08/21/2017 at 8:22 PM #44326

Henrik

Thanks victormork and Despair!

Ive been looking into buying that book but wondered if its was paying back its money, but seems like it does!

Regards

Henrik

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11/12/2017 at 9:53 PM #52474

Juan Salas

Hi colleagues,

I have a question above averaging. If shortonmarket and I have accumulated 2 contracts, and the price emerge above zero, I mean it is already positive, how can I close these two contracts??

IF SHORTONMARKET AND COUNTOFSHORTSHARES>=2 AND positionprice>tradeprice(2) (??????) THEN

EXITSHORT AT MARKET

ENDIF

I mean, I don’t know how to code the position price when is already in positive.

Thanks,

Juan

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11/12/2017 at 9:58 PM #52477

Nicolas

With PositionPerf?

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Juan Salas

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Averaging Down Orders improvment

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