Check of previous candles

• 07/13/2018 at 1:25 PM #75916
  Marc

  Hi together,

  I need some help regarding checking of previous candles in different periods.

  I’m working with a trend following systems which cheks if the previuos months open is higher or lower. Than it checks if the last months candle is higher or lower.

  If previous moth and previous week candles are in the same direction than the systems checks the previous days candle (except monday). If previous days candle is in the opposite direction of previos month and week than an order will be set either on the high or the low of previous days candle.
  Example:
  Month: bullish = open < close
  Week: bullish = open < close
  Day: bearish = open > close
  Set a buy order at high of bearish candle

  Month: bearish= open > close
  Week: bearish = open > close
  Day: bullish = open < close
  Set a sell order at low of bearish candle

  Each friday evening non executed orders will be deleted.
  Monday is not a trading day
  SL an TP are ATR(2)
  If sell /buy stop order is not filled within the next day and on the curent day the previous days candle is still in the opposite direction of compared monthly and weekly candle than buy stop and sell stop must be amended to previous days high / low.

  I hope that anyone can help me with this system. In my opninion this should generate good trades with mostly positive results.

   

  Thank you in advance
  Marc

   

  

  Marc

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  07/19/2018 at 9:31 AM #76290
  Marc

  Anybody there who can help?

  

  Marc

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  07/19/2018 at 9:38 AM #76294
  robertogozzi

  Please do not duplicate posts in different topics and languages, this won’t help and will shatter replies among different topics making it more difficult to retrieve. Thank you.

  Which one do you prefer to keep, the english or german one?

  

  robertogozzi

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  07/19/2018 at 10:07 AM #76295
  robertogozzi

  Marc wrote:

  …
  I’m working with a trend following systems which checks if the previous month’s open is higher or lower. Then it checks if the last month’s candle is higher or lower.
  …

  What do you mean with the BLUE sentence, shall OPEN be higher than…. what?

  What do you mean with the RED sentence, shall the …what?… of the CANDLE be higher/lower than… what again?

  

  robertogozzi

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  07/23/2018 at 11:27 PM #76559
  Marc

  Ciao Roberto,

   

  I’d like to keep / collect all information in the english version.
  1st of all thank you for your reply.

  I made a mistake while describing the system in the first sentence. It should be read as follows:
  The System shall recognize if the previous months direction is bullish (close > open) or bearish (close < open). Afterwards the system shall recognize if the previous week is bullish (close > open) or bearish (close < open). If both previous monthly and weekly candle moves in the same direction (either both directions are bearish or bullish) then the system checks on tuesday if the monday candles direction is opposite (close < open) compared with monthly and weekly candle.

  This means if previous month and week are bullish than the rules set a pending order on high of mondays candle incl. slippage and spread (order must be set on tuesday because mondays candle hasn’t finished until this candle close due to change of date). If on Tuesday the order is not triggered, but the tuesdays candle also moves in the opposite direction of previous month and week candle the current pending order has to be amended to high of tuesdays candle and so on. If order was’t triggered within this week all pending orders will be deleted on Friday Evening.

  For bearish set up above rules must be used vice versa.
  Currently there is no TP and SL mentioned in the system which would be necessary if basic of this system works.

  I hope I clarified the rules of this system.

   

  Thank you in advance

  Marc

   

  

  Marc

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  07/24/2018 at 4:52 PM #76636
  robertogozzi

  Try this code, I just run it to check syntax and if it opened any trades:

  DEFPARAM CumulateOrders = false TIMEFRAME (Monthly, updateonclose) IF close > open THEN MyMonth = 1 //BULLish ELSE MyMonth = -1 //BEARish ENDIF TIMEFRAME (Weekly, updateonclose) IF close > open THEN MyWeek = 1 //BULLish ELSE MyWeek = -1 //BEARish ENDIF TIMEFRAME (Daily, updateonclose) ONCE AlreadyTraded = 0 IF close > open THEN MyDay = 1 //BULLish ELSE MyDay = -1 //BEARish ENDIF ThisDay = OpenDay IF ThisDay = 1 AND Not OnMarket AND AlReadyTraded = 0 THEN //Monday GoLong = MyMonth = 1 AND MyWeek = 1 AND MyDay = -1 GoShort = MyMonth = -1 AND MyWeek = -1 AND MyDay = 1 IF GoLong THEN EntryPrice = high BUY 1 CONTRACT AT EntryPrice LIMIT ELSIF GoShort THEN EntryPrice = low SELLSHORT 1 CONTRACT AT EntryPrice LIMIT ENDIF Sl = AverageTrueRange[2](close) Tp = Sl SET Stop Loss Sl SET Target Profit Tp ENDIF IF ThisDay = 2 AND Not OnMarket AND AlReadyTraded = 0 THEN //Tuesday GoLong = MyMonth = 1 AND MyWeek = 1 AND MyDay[1] = -1 AND MyDay = -1 GoShort = MyMonth = -1 AND MyWeek = -1 AND MyDay[1] = 1 AND MyDay = 1 IF GoLong THEN EntryPrice = high BUY 1 CONTRACT AT EntryPrice LIMIT ELSIF GoShort THEN EntryPrice = low SELLSHORT 1 CONTRACT AT EntryPrice LIMIT ENDIF Sl = AverageTrueRange[2](close) Tp = Sl SET Stop Loss Sl SET Target Profit Tp ENDIF IF ThisDay = 1 AND Not OnMarket THEN AlreadyTraded = 0 ENDIF IF OnMarket THEN AlreadyTraded = 1 ENDIF

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62

  DEFPARAM CumulateOrders = false   TIMEFRAME (Monthly, updateonclose) IF close > open THEN    MyMonth = 1              //BULLish ELSE    MyMonth = -1             //BEARish ENDIF   TIMEFRAME (Weekly, updateonclose) IF close > open THEN    MyWeek  = 1              //BULLish ELSE    MyWeek  = -1             //BEARish ENDIF   TIMEFRAME (Daily, updateonclose) ONCE AlreadyTraded = 0 IF close > open THEN    MyDay   = 1              //BULLish ELSE    MyDay   = -1             //BEARish ENDIF ThisDay = OpenDay IF ThisDay = 1 AND Not OnMarket AND AlReadyTraded = 0 THEN     //Monday    GoLong  = MyMonth = 1  AND MyWeek =  1 AND MyDay = -1    GoShort = MyMonth = -1 AND MyWeek = -1 AND MyDay = 1    IF GoLong THEN       EntryPrice = high       BUY 1 CONTRACT AT EntryPrice LIMIT    ELSIF GoShort THEN       EntryPrice = low       SELLSHORT 1 CONTRACT AT EntryPrice LIMIT    ENDIF    Sl = AverageTrueRange[2](close)    Tp = Sl    SET Stop   Loss   Sl    SET Target Profit Tp ENDIF   IF ThisDay = 2 AND Not OnMarket AND AlReadyTraded = 0 THEN     //Tuesday    GoLong  = MyMonth = 1  AND MyWeek =  1 AND MyDay[1] = -1 AND MyDay = -1    GoShort = MyMonth = -1 AND MyWeek = -1 AND MyDay[1] = 1  AND MyDay = 1    IF GoLong THEN       EntryPrice = high       BUY 1 CONTRACT AT EntryPrice LIMIT    ELSIF GoShort THEN       EntryPrice = low       SELLSHORT 1 CONTRACT AT EntryPrice LIMIT    ENDIF    Sl = AverageTrueRange[2](close)    Tp = Sl    SET Stop   Loss   Sl    SET Target Profit Tp ENDIF   IF ThisDay = 1 AND Not OnMarket THEN    AlreadyTraded = 0 ENDIF IF OnMarket THEN    AlreadyTraded = 1 ENDIF

   

   

  

  robertogozzi

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  07/24/2018 at 10:29 PM #76650
  Marc

  Hi Roberto,

  thank you very much for your help. I will try this code and hope that it will work the way I trade currently 🙂

  Rgds

  Marc

  

  Marc

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  07/24/2018 at 10:42 PM #76651
  Marc

  Cheers Roberto,

  I receive an information that in Line 3 word ‘monthly’ doesn’t work. Please see file attached

   

  

  Marc

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  07/24/2018 at 10:51 PM #76653
  Marc

  Hi Roberto,

  when hiding the hole code for timeframe monthly I receive the same issue for weekly and Daily.

  Rgds Marc

  

  Marc

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  07/24/2018 at 11:04 PM #76654
  robertogozzi

  My system works perfectly, the attached screenshot is for DAX daily, but it works on any instrument.

  There must be an error in the first 2 lines.

  Did you import the file?

  

  robertogozzi

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  07/25/2018 at 7:41 AM #76662
  Vonasi

  Are you trying to run it on PRT Live. With TIMEFRAME it will only currently work on demo platforms?

  

  Vonasi

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  07/25/2018 at 8:43 AM #76669
  Marc

  Hi Roberto I tried to import the file and it worked well, but I receive the same error when start testing

  

  Marc

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  07/25/2018 at 8:44 AM #76671
  Marc

  Ciao Vonasi,

  I use IG Markets with a Real Account and not a demo platform.

  This can be the reason.

  
  @roberto: Are you using a demo platform?

  Rgds
  Marc

  

  Marc

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  07/25/2018 at 8:51 AM #76672
  robertogozzi

  Yes, it only works on demo accounts. You’ll have to wait a few months to be able to run it, then!

  I’ll work on trying to make it work on Real accounts, removing TIMEFRAME and using FOR…NEXT loops to scan past weeks and months, but I fear it’ll be a time-consuming code, if I can code it!

  I’ll let you know.

  

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  07/25/2018 at 8:53 AM #76673
  Marc

  Hi Roberto,

   

  thank you very much for your help. I really appreciate it 🙂

  I’ll try my best on using it onb a demo account too

  Rgds
  Marc

  

  Marc

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