Breakout Algo not closing trades

• 02/09/2021 at 6:25 PM #160851
  Mitchy14

  Evening all,

  Slightly embarrassed by the ‘amateurish’ nature of this code but…

  I wondered if I could ask for some help regarding my algo not closing trades relating (specifically) to my breakout criteria (a and b). It seems to close them based on the RSI I use, but not my a or b formula.  Even when I ask it to lookback 1 period (close[1] < b) removing the majority of the Exit criteria it still doesn’t close any trades relating to a or b formulas – however, it does close when I only include this period (for instance, close > b).

  Is it due to the ‘lookback’ nature of the a/b formulas?

  Appreciate your help with this and apologise for the rookie format.

  Best,

  Tom

  // Prevents the system from placing new orders on specified days of the week DEFPARAM cumulateOrders = FALSE // Cumulating positions AA = period // Breakout criteria a = highest[AA](high[1])//Max b = lowest[AA](low[1])//Min ATR = AverageTrueRange[2](close) // Conditions to enter long positions indicator1 = Average[100](close) c1 = (close > indicator1) indicator2 = RSI[2](close) c2 = (indicator2 > 70) c3 = (close > a) c4 = (close[1] > a) c5 = (open > open[2]) IF not SHORTONMARKET AND (c1 AND c2 AND c3 AND c4 AND c5) THEN BUY 1 CONTRACT AT MARKET ENDIF // Conditions to enter long positions #2 indicator5 = Average[100](close) c6 = (close < indicator5) indicator6 = RSI[2](close) c7 = (indicator6 > 50) c8 = (close > b) c9 = (close[1] > b) IF not SHORTONMARKET AND c6 AND c7 AND c8 AND c9 THEN BUY 1 CONTRACT AT MARKET ENDIF // Conditions to exit long positions c10 = (close < a) c11 = (close[1] > a) c12 = (close[2] > a) c13 = (high < a) c14 = (high[1] > a) IF c10 AND c11 AND c12 AND c13 AND c14 THEN SELL AT MARKET ENDIF // Conditions to enter short positions indicator10 = Average[100](close) c15 = (close > indicator10) indicator11 = RSI[2](close) c16 = (indicator11 < 50) c17 = (close < a) c18 = (close[1] < a) IF not LONGONMARKET AND (c15 AND c16 AND c17 AND c18) THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF //Conditions to enter short positions #2 indicator14 = Average[100](close) c19 = (close < indicator14) indicator15 = RSI[2](close) c20 = (indicator15 < 40) c21 = (close < b) c22 = (close[1] < b) c23 = (open < open[2]) IF not SHORTONMARKET AND c19 AND c20 AND c21 AND c22 AND c23 THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF // Conditions to exit short positions c24 = (close > b) c25 = (close[1] < b) c26 = (low > b) c27 = (low[1] < b) c28 = (low[2] < b) IF c24 AND c25 AND c26 AND c27 AND c28 THEN EXITSHORT AT MARKET ENDIF If (indicator2 > 95) Then Sell at market ElsIf ((close > close[1] + ATR) or SHORTONMARKET) and indicator2 < 5 Then Exitshort at market EndIf

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  // Prevents the system from placing new orders on specified days of the week   DEFPARAM cumulateOrders = FALSE // Cumulating positions   AA = period   // Breakout criteria   a = highest[AA](high[1])//Max b = lowest[AA](low[1])//Min     ATR = AverageTrueRange[2](close)   // Conditions to enter long positions indicator1 = Average[100](close) c1 = (close > indicator1) indicator2 = RSI[2](close) c2 = (indicator2 > 70) c3 = (close > a) c4 = (close[1] > a) c5 = (open > open[2])   IF not SHORTONMARKET AND (c1 AND c2 AND c3 AND c4 AND c5) THEN BUY 1 CONTRACT AT MARKET ENDIF   // Conditions to enter long positions  #2 indicator5 = Average[100](close) c6 = (close < indicator5) indicator6 = RSI[2](close) c7 = (indicator6 > 50) c8 = (close > b) c9 = (close[1] > b)     IF not SHORTONMARKET AND c6 AND c7 AND c8 AND c9 THEN BUY 1 CONTRACT AT MARKET ENDIF   // Conditions to exit long positions c10 = (close < a) c11 = (close[1] > a) c12 = (close[2] > a) c13 = (high < a) c14 = (high[1] > a)   IF c10 AND c11 AND c12 AND c13 AND c14 THEN SELL AT MARKET ENDIF     // Conditions to enter short positions indicator10 = Average[100](close) c15 = (close > indicator10) indicator11 = RSI[2](close) c16 = (indicator11 < 50) c17 = (close < a) c18 = (close[1] < a)   IF not LONGONMARKET AND (c15 AND c16 AND c17 AND c18) THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF   //Conditions to enter short positions #2 indicator14 = Average[100](close) c19 = (close < indicator14) indicator15 = RSI[2](close) c20 = (indicator15 < 40) c21 = (close < b) c22 = (close[1] < b) c23 = (open < open[2])   IF not SHORTONMARKET AND c19 AND c20 AND c21 AND c22 AND c23 THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF   // Conditions to exit short positions c24 = (close > b) c25 = (close[1] < b) c26 = (low > b) c27 = (low[1] < b) c28 = (low[2] < b)     IF c24 AND c25 AND c26 AND c27 AND c28 THEN EXITSHORT AT MARKET ENDIF   If (indicator2 > 95) Then Sell at market ElsIf ((close > close[1] + ATR) or SHORTONMARKET) and indicator2 < 5 Then Exitshort at market EndIf

   

   

   

   

  

  Mitchy14

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  02/09/2021 at 6:52 PM #160856
  GraHal

  You should use GRAPH and check that your several coincidents exit conditions are being triggered at same time?

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

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  Mitchy14

  

  GraHal

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  02/10/2021 at 9:53 AM #160901
  Mitchy14

  Hi GraHal,

  Appreciate the insight – wasn’t even aware of this feature.

  I’ll check it out.

  Best

  Tom

  1 user thanked author for this post.

  GraHal

  

  Mitchy14

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