Avoid opening position if price went highly up or down before

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  • 09/17/2020 at 3:37 PM #144569 quote
    Francesco
    Participant
    Veteran

    Hi guys, I would like to know if it’s possible to code something like this:

    The automatic system wants to open a position, but before doing it checks if (in a long position scenario and viceversa) the price of the asset went up (or down) “x” in the last “y” hours.

    If the price moved over the x and y settings, the systems avoids opening the position.

    Thanks 🙂

    09/17/2020 at 3:48 PM #144571 quote
    Nicolas
    Keymaster
    Master

    That’s what is ROC (Rate Of Change).

    ROC

    MAKSIDE thanked this post
    09/18/2020 at 7:21 AM #144616 quote
    MAKSIDE
    Participant
    Veteran

    As often, Roc isn’t the best way.. Price may be reversed after, even if Roc has been analysed

    But I’m curious about your idea to explore that in a strategy.

    How to be sure to take or to stop before the next trade… ? 😉

    09/18/2020 at 2:16 PM #144673 quote
    Francesco
    Participant
    Veteran

    Well basically MAKSIDE… did ever happened to you that your trading systems opened a position when you never would? For example a long during a weekly/monthly high or maybe a short after a -3% on the assett?

    I just would like to see if my strategies could perform better avoiding those “irrational” trades.

    09/18/2020 at 3:13 PM #144678 quote
    MAKSIDE
    Participant
    Veteran

    Sure Francesco, you are right…  i’m on the same wave lenght .. but there are no guarantess that works, even after roc analysing..

    that was my only point 🙂

    09/18/2020 at 3:18 PM #144679 quote
    MAKSIDE
    Participant
    Veteran

    ROC will tell you.. .> don’t take the next trade…  but you don’t know, the trend may can continue in the same direction… 🙂

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Avoid opening position if price went highly up or down before


ProOrder: Automated Strategies & Backtesting

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Francesco @francesco_petrone Participant
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This topic contains 5 replies,
has 3 voices, and was last updated by MAKSIDE
5 years, 5 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 09/17/2020
Status: Active
Attachments: No files
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