Avoid opening position if price went highly up or down before

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

  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 🙂

  

  Francesco

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

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

  https://www.prorealcode.com/documentation/roc/

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  MAKSIDE

  

  Nicolas

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  09/18/2020 at 7:21 AM #144616
  MAKSIDE

  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… ? 😉

  

  MAKSIDE

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

  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.

  

  Francesco

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

  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 🙂

   

  

  MAKSIDE

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  09/18/2020 at 3:18 PM #144679
  MAKSIDE

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

   

  

  MAKSIDE

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