Bespoke indicator / semi automated trading

jonjon · Fri, 24 Feb 2017 19:06:15 +0000

Hi all Comments / amendments / suggestions welcome: I’m trying to find a simple way around 1) not being able to use automated trading strategies coded and backtested with ProOrder with Interactive Brokers; and 2) not being able to have partial exits with IG. (I’m not an IG customer so don’t know if this bit is possible). I thought of creating my own indicator with the buy or sell conditions and have it give a +1 for a buy or a -1 for a sell. Then set 2 alerts which can then be set and “forgotten” about. 1 alert for a buy (for when the indicator = 1) and 1 alert for a sell (indicator = -1). I’m not sure you can combine the two alerts although I’m happy to be told otherwise. You can have defined targets and stops for when the entry order is triggered. Here is the simple code for the indicator (any suggestions or revisions to the code welcome): //Buy conditions c1 = RSI[14](close) < 30 c2 = (close > open) BuyOK = c1 AND c2 //Sell conditions c3 = RSI[14](close) > 70 c4 = (close < open) SellOK = c3 AND c4 Result = 0 If BuyOK THEN Result = 1 ENDIF IF SellOK THEN Result = -1 ENDIF Return Result Attached is a screenshot of the alerts running on the Dow 15M futures. You can see beneath the price chart the new indicator “eg Conditions Test”. You can also see the 2 sets of pending orders on the price chart (waiting for the indicator to go to +1 or -1). Each has a target or 10 and a stop of 5 (although there seems to be a small lag in updating the orders when the current price moves). The alerts are set up to trigger market orders at the end of the current bar (if a +1 or a -1). This is the same as the ProOrder engine?? However I do see that you can have the orders trigger real time. Idea is once an order is triggered and the target and stop is added you manually delete the opposite order (I don’t suppose this can be done automatically??). You can then be able to manually move the stop and target if you want. This is not an automated system as still requires trader input but at least you can set it up and work on something else. Question: if this is used with IG could you then split the target into multiple targets? Another question: should this work with Interactive Brokers (until we can trade fully automated strategies with them)? And one more: is there a limit to how many or how complicated the conditions are within the indicator code? Any thoughts appreciated. Thanks all, and happy weekend

This topic has 15 replies, 5 voices, and was last updated 7 years ago by Big Hug.

Viewing 16 post (of 16 total)

← 1 2

03/22/2017 at 12:49 PM #29438

Big Hug

Hi Guys,

Apologies for not replying sooner –

I’m not sure I totally understand all of the messages above – but just to clarify a few things that weren’t clear.

Auto trader – On (IG) PRT – prepare Back Test for Automatic Trading . (So I created a back test -then – Prepared for automatic trading – and went live – “Auto Trader”

“Ruby” – Is just the name I gave my of an “Automatic Trading” code that I’m using.

I export my results to excel (drag & drop to excel – Thanks Jonjon again for the tip) as I just seem to prefer using excel and also because I was using smaller time frames (1 min, 3 min, 5 min) it allows me to build up a better picture (data) of the results and trade entry times.

I will post my Ruby back test at some stage over the next couple of weeks when I have a moment.

2 users thanked author for this post.

Nicolas, GraHal

Big Hug
Participant

Topics: 6
Replies: 48
Been thanked: 10 times
Author

Posts

Viewing 16 post (of 16 total)

← 1 2

Find exclusive trading pro-tools on

Bespoke indicator / semi automated trading

2 users thanked author for this post.