Also the logic behind the 3 min TF is that hopefully any trade is going the ‘right way’ before the 5 min candle closes and all the Institutions Algos are triggered by the 5 min candle … so we jump on the wave before them them and ride it out!!?? 🙂
Then same gig on the exit … we jump off the wave before the big boys are triggered again!!
Sounds good don’t it!!!! HAHAHHA
What’s the gig behind the 5000 ticks? What does 5000 ticks average out at clockwise on the DJI for example?
5000 ticks are around 1hr 15/20mins.
I had a quick fettle with the RSI, set that to 70/30 and pulled the time down to 1min and extracted another £1000, so in your same dates it returned £4700 or so…………..Ill play with settings some more, shame I can only go back 100000 units worth.
I use the ProTrend through IG. Unfortunately they don’t do the mobile app, have to use their rubbish one when mobile.
Anyway….weekend beckons and thanks again GraHal for your help.
Ill let you know how I get on with adjusting settings
Hi Guys,
I have a couple of questions……..
- Does Protrend have to be on and running when using a live auto strategy? i.e. can I turn computer off and go to bed whilst its running?
- I can manage to go back-testing my strategy to around August 2019 in a 3 minute time frame. I cannot go back further than this………I am not back testing from present time to back then, but I am meticulously back-testing each and every month individually………………….working my way back. Have I missed something?
Thanks Mike
Does Protrend have to be on and running when using a live auto strategy? i.e. can I turn computer off and go to bed whilst its running?
Best call it PRT then we know what you are talking about! 🙂
Yes you can sleep while Auto-Trading! 🙂 PRT and your PC can be turned off.
I am meticulously back-testing each and every month individually………………….working my way back. Have I missed something?
You could backtest / optimise for 5 months in one go using the Walk Forward Tool?
GraHal
Is that in any time frame? As explained before I could only go back to last August in 3 minute time frame, thats it.
Where do I find the Walk Forward Tool as you suggest? Would using the tool mean I could go back years in 5 month increments at 3 minute time frame candles?
Thanks
Would using the tool mean I could go back years in 5 month increments at 3 minute time frame candles?
No
But you could set up to WF over 5 months in 1 month chunks all in one go?
Easier than as you said you were doing 1 month x 5 separately?
Anyway here is all about WF
https://www.prorealtime.com/nl/pdf/probacktest.pdf
Grahal
Thank you for the link and helpful information.
So in a nut shell i can only go back a far as I currently have using the 3 min time frame i.e. to August 2019 and no further back.
My concern is that you cannot test a system fully with restricted historical data of 9 months (in my case @ 3min increments).
This would not put you through all market conditions i think?
Thanks any way for the help.
………………………………………I’m learning albeit very slowly LOL
One last problem………………..probably really simple but I cant find where……..
I have set my time parameters to 24/7 how can adjust these to say….8-4pm Monday to Friday – i.e. markets hours for the FTSE?
I can only adjust the trading hours in ‘simplified creation’ and not in ‘creation by programming’ ?
Have you done it as below …
Time > 080000 and Time < 160000
OR
Flatbefore 080000
Flatafter 160000
OR you can even use …
Hour > 8 and Hour < 16
GraHal
Thanks for getting back. I have tried all of those you suggested as per below ending with your last suggestion but it still tells me there is a syntax error?
// Definition of code parameters
DEFPARAM CumulateOrders = False // Cumulating positions deactivated
// Enter Long
C1 = CLOSE
C2 = OPEN
C3 = CLOSE>OPEN
IF C1 AND C2 AND C3 THEN
BUY 1 PERPOINT AT MARKET
ENDIF
// Stops and targets
SET STOP pTRAILING 4
// Daily timeframe
Hour > 8 and Hour < 16
You’d need to use Hour like below …
TradeTime = Hour > 8 and Hour < 16
If BuyCondition and TradeTime Then
Buy at Market
Endif
What are you trying to do with below?
I may be missing something, but I read below as …
If Close = Open and Close > Open Then … which of course will never occur??
On reflection, maybe the code is read as … if Open and Close … which of course you always have in every bar?? 🙂
So
c1 = Close
C2 = Open
Achieves nothing?? 🙂
C1 = CLOSE
C2 = OPEN
C3 = CLOSE>OPEN
IF C1 AND C2 AND C3 THEN
BUY 1 PERPOINT AT MARKET
ENDIF
GraHal
I am getting a syntax error ” This variable is not used in the code:tradetime”
What are you trying to do with below?
I may be missing something, but I read below as …
If Close = Open and Close > Open Then … which of course will never occur??
|
|
C1 = CLOSE
C2 = OPEN
C3 = CLOSE>OPEN
IF C1 AND C2 AND C3 THEN
BUY 1 PERPOINT AT MARKET
ENDIF
|
…..all I am stating is that if the close is greater than the open then go long………….after defining what close is and what open is…….?
