Hi.
Is there possible to change or set a variable/flag after the last three trades where LWL (loss win loss) or something similar? The problem for me is when it comes to more than the last two trades. Coding statements checking the last two trades works fine.
Example code (not complete):
if BARINDEX = 0 then
LWLtrigger = 0 // After loss win loss (LWL) this variable changes to 1
contractscore = 0 // When below 0 a contract is added, more losses subtract more from score and wins adds back score
endif
if not onmarket then
mystrategyprofit = strategyprofit
// Example with LL that works, the problem is three trades in a row, etc. LWL
if mystrategyprofit <> mystrategyprofit[1] then
profithistory = mystrategyprofit
profithistory2 = mystrategyprofit[1]
profhistest = profithistory < profithistory[1] and profithistory2 < profithistory2[1]
// Even this worked I think: profithistory < profithistory[1] and profithistory[1] < profithistory[2]
endif
// More losses would subtract more from contractscore in other if statements
if LWLtrigger = 0 and profhistest then
contractscore = contractscore - 1
LWLtrigger = 1
endif
// How to do the same concept but with three consecutive trades WLW?
endif
// Buy example, of course there would be complete code to set the LWLtrigger to 0 again after a win (or more wins if there where more losses using contractscore).
if not onmarket and LWLtrigger = 0 and otherparameters then
buy 1 contract at market
endif
if not onmarket and LWLtrigger = 1 and otherparameters then
buy 2 contract at market
endif
Sincerely,
Daniel.
You can keep track of the outcome of trades with this code:
Once Gained = 0
Once Lost = 0
If StrategyProfit > StrategyProfit[1] then
Gained = 1
Lost = 0
ElsIf StrategyProfit < StrategyProfit[1] then
Gained = 0
Lost = 1
Endif
LWL = Lost and Gained[1] and Lost[2]
Thanks for your answer robertogozzi, I will definitely try that out. I won’t be able to do that until next weekend though, but will write back then again.
Until then, I highly appreciate your answer!
/Daniel
Hi again.
I thought we would work normal hours this week but it’s still “summer hours”, so I got some extra time. 🙂
I’ve tried your code but it seems to have the same problem. PRT still can only keep track of the last two trades.
Once Gained = 0
Once Lost = 0
If StrategyProfit > StrategyProfit[1] then
Gained = 1
Lost = 0
ElsIf StrategyProfit < StrategyProfit[1] then
Gained = 0
Lost = 1
Endif
LWL = Lost and Gained[1] and Lost[2]
LW = Gained and Lost[1]
graph LWL as "LWL"
graph LW coloured(0,0,255) as "LW"
/Daniel
You wanted to detectc LWL, or any other sequence of your choice, to pause a strategy.
“The problem for me is when it comes to more than the last two trades“, what does that mean? what’s the problem there?
Yes I wanted to detect LWL but the code doesn’t do that (as you saw in the image I added in my previous reply). I painted in where there where LWL and the graph didn’t get triggered (otherwise it would get the true value 1 opposed to 0 in the picture in those positions). The image shows successful graph of LW I used as an example which works fine on the last two trades. But the platform (PRT) don’t seem to be able to check earlier than the last two trades when it comes to wins and losses. So to be clear, I want the graph to be triggered by LWL, then I know it works.
Thanks again,
Daniel.
Yes, I got it. The glitch was that that wirth [1] the code is not accessing the previous result, bu the previous candle (the same for [2]).
This one should do:
ONCE MyProfit1 = 0
ONCE MyProfit2 = 0
ONCE MyProfit3 = 0
ONCE LWL = 0
IF LWL THEN
MyProfit1 = 0
ENDIF
If StrategyProfit > StrategyProfit[1] then
MyProfit1 = MyProfit2
MyProfit2 = MyProfit3
MyProfit3 = 1
ElsIf StrategyProfit < StrategyProfit[1] then
MyProfit1 = MyProfit2
MyProfit2 = MyProfit3
MyProfit3 = -1
Endif
LWL = (MyProfit1 = -1) AND (MyProfit2 = 1) AND (MyProfit3 = -1)
IF close crosses over average[20] and Not LongOnMarket then
buy at market
elsif close crosses under average[20] and Not ShortOnMarket then
sellshort at market
endif
set stop ploss 100
set target pprofit 300
graph LWL coloured(255,0,0,255)
graph MyProfit1
graph MyProfit2
graph MyProfit3
Ok nice, I will definitely try that out later in the week.
Thanks so far!
/Daniel
Hi again.
Yes it works great, thanks for your help Roberto!
You have a nice weekend!
/Daniel
Link to Roberto code above added as Log 299 here
Snippet Link Library
