For sure you can.

You must use the lowest TF, say H1, as the main (default) TF that sets the pace.

The only drawback is that you will have less data history available when backtesting, despite upcoming v11 will raise it from 200k to 1 million bars (but we don’t know when and whether IG will support it).

Hi, I am a new trader I usually trade in intraday please let me know if there are any strategy or tips I can follow.

Thanks Roberto for the very quick reply – appreciated.

I’m a little confused with the setup of MTF.

Can you please help with the below:

Example:
The below strategy order is executed on “NEXT BAR OPEN” (I don’t want next bar open)

The below is used on a 4hr chart.

// Definition of code parameters
DEFPARAM CumulateOrders = False // Cumulating positions deactivated

// Conditions to enter long positions
indicator1 = MACD[12,26,9](close)
c1 = (indicator1 >= 5)

IF c1 THEN
BUY 10 CONTRACT AT MARKET
ENDIF

// Conditions to exit long positions
indicator2 = MACD[12,26,9](close)
c2 = (indicator2 <= -1)

IF c2 THEN
SELL AT MARKET
ENDIF

How do I code the strategy, so it’s executed in “Real Time”?

I don’t want the MACD condition to be tested at CLOSE. I wan’t the MACD condition to be tested for example every 30 minutes. If MACD condition is TRUE an order is executed.

Regards

Shane

ALL strategies are executed when a candle closes, just while the new one is about to open. Real time does not exist.

You are allowed to use multiple time frames so that you can use a lower TF to “simulate” as much as possible real time. Strategies will still be executed when a candle closes, but, as they are on a lower TF it’s a bit closer to real time.

You can code your strategy using MTF, with a 4h TF to evaluate conditions, then entering on the lower TF (say 1 minute):

// Definition of code parameters
DEFPARAM CumulateOrders = False // Cumulating positions deactivated
TIMEFRAME(4 hour,default) 
// Conditions to enter long positions
indicator1 = MACD[12,26,9](close)
c1 = (indicator1 >= 5)
IF c1 THEN
   BUY 10 CONTRACT AT MARKET
ENDIF
// Conditions to exit long positions
indicator2 = MACD[12,26,9](close)
c2 = (indicator2 <= -1)
IF c2 THEN
   SELL AT MARKET
ENDIF
TIMEFRAME(default)

if you launch it from a 1-minute chart, you’ll be able to evaluate your conditions every single minute on your 4-hour TF and enter/exit accordingly.

But your conditions will NOT be confirmed by the closure of a 4-hour candle, since you requested real time.

If you want your conditions to be confirmed at closing time, then you need to replace line 3 with:

TIMEFRAME(4 hour,updateonclose)

but, in this case, using the MTF support is useless, unless you use the lowest TF to trail your SL or do something else.

There are different consequences involved in using or NOT using the keyword UPDATEONCLOSE, mainly the fact that you can enter multiple times on the same conditions if your trade exits within a few candles thus entering when your conditions are no longer valid. You’d better study the available videos an the many code snippets on the forum, to go deeper into MTF.

Current Period = this candle

Previous Period = the candle prior to this candle

Periods Ago = x candles ago.

Hi all

Please help!

I have basically no programming experience whatsoever. If possible, using the multi timeframe capability on PRT I’d like to add another timeframe condition to the current 15 minute strategy. (the current program is attached in a word doc ). This is the strategy: The DEMA moving average crosses the EMA moving average and is determined to be a long or short trade depending on whether the price is above or below the Wilders moving average.

I would like the Wilders moving average (the Trend) to be taken from a 1 hour timeframe instead of the current 15 minute period. I’ve tried to follow the advice on this thread but unfortunately keep getting a syntax error and am unable to get this working. I’d really appreciate any coding help on this!!

Thanks in advance

Please do not attach code files other than .TXT (or .PDF if .TXT is not available),  and .JPG or .PNG pics.

Also .ITF (ProRealTime format) to be imported/exported are welcome (bu not in your first instance, since readers should have an idea of what your code is without much hassle).

Thank you 🙂

This is the code (inserted using the “Unsert PRT code” button), where is the WILDER average?

// Definition of code parameters
DEFPARAM CumulateOrders = False // Cumulating positions deactivated

// Conditions to enter long positions
timeframe(default)
indicator1 = DEMA[28](close)
indicator2 = ExponentialAverage[97](close)
c1 = (indicator1 CROSSES OVER indicator2)
indicator3 = average[325](close)
c2 = (close > indicator3)

IF c1 AND c2 THEN
BUY 2 CONTRACT AT MARKET
ENDIF

// Conditions to exit long positions
indicator4 = DEMA[28](close)
indicator5 = ExponentialAverage[97](close)
c3 = (indicator4 CROSSES UNDER indicator5)

IF c3 THEN
SELL AT MARKET
ENDIF

// Conditions to enter short positions
indicator6 = average[327](close)
c4 = (close < indicator6)
indicator7 = DEMA[28](close)
indicator8 = ExponentialAverage[97](close)
c5 = (indicator7 CROSSES UNDER indicator8)

IF c4 AND c5 THEN
SELLSHORT 2 CONTRACT AT MARKET
ENDIF

// Conditions to exit short positions
indicator9 = DEMA[28](close)
indicator10 = ExponentialAverage[97](close)
c6 = (indicator9 CROSSES OVER indicator10)

IF c6 THEN
EXITSHORT AT MARKET
ENDIF

// Stops and targets
SET STOP pTRAILING 235