Code Summation and Stop Loss

• 05/09/2023 at 10:44 AM #214350
  Aragorna

  Hello all,

   

  I have 2 questions I’m not able to solve. I thought to have undertood how to use summation but probably something is missing. If I want the condition:

  C=Close<ExponentialAverage[20] and Close[1]<ExponentialAverage[20] and Close[2]<ExponentialAverage[20] and Close[3]<ExponentialAverage[20] and Close[4]<ExponentialAverage[20] and Close[5]<ExponentialAverage[20]

  I want the price to be under EMA 20 for the last 5 candle, why PRT does not give correct to use:  C=Summation [5]((Close<ExponentialAverage[20])=5)

  what is wrong?

  Second question, about stop loss:

  c5= highest[5](high)

  //condizione per entrare Long
  IF NOT longonmarket and my condition then
  BUY 1 CONTRACT AT (c5+0.0001*c5) STOP
  longstoploss = (close – lowest[5](low) + 0.002)/pipsize
  set stop ploss longstoploss

  So when my condition is triggered, I want to buy when price goes over at stop limit at the highest of the last 5 candle, and stop loss at the lowest of the same 5 candles. it works sometimes but more often it opens and close position immediately.

  someone can help me, please?

  thank’s in advance

  Alessio

   

   

  

  Aragorna

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  05/09/2023 at 11:01 AM #214355
  GraHal

  ragorna wrote:

  why PRT does not give correct to use:  C=Summation [5]((Close<ExponentialAverage[20])=5)

  Are you saying you get a syntax error message?

  Try GRAPH C to see when C does occur over 1oK bars or more?

   

   

  

  GraHal

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  05/09/2023 at 11:13 AM #214356
  GraHal

  Aragorna wrote:

  more often it opens and close position immediately.

  Have you used GRAPH and Cursor Details on your Conditions to easily see what is happening?

  Also, in my experience, PRT can give odd results when 0.0001 of a value is used?

  Try using  different / higher values to get the code working okay then decrease to what values you really want to use to then see at what value the code stops working correctly?

  

  GraHal

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  05/09/2023 at 12:11 PM #214378
  robertogozzi

  As to the first question, the code seems correct, try placing parenthesis differently:

  C=(Summation[5](Close<ExponentialAverage[20])=5)

  1	C=(Summation[5](Close<ExponentialAverage[20])=5)

  As to the second question, (c5+0.0001*c5) can also be written as (c5*1.0001) and

  longstoploss = (close – lowest[5](low) + 0.002)/pipsize set stop ploss longstoploss

  1 2	longstoploss = (close – lowest[5](low) + 0.002)/pipsize set stop ploss longstoploss

  can also be written as

  longstoploss = (close – lowest[5](low) + 0.002) set stop loss longstoploss

  1 2	longstoploss = (close – lowest[5](low) + 0.002) set stop loss longstoploss

  The above examples are intended to only show different ways to achieve the same goal and to use or not conversions. Both original code snippets are correct.

  The issue is usually due to not abiding by the broker’s rule to set pending orders at some distance (which may vary during the day).

  Check if between the current price and your entry price there’s enough distance

   

   

   

  1 user thanked author for this post.

  GraHal

  

  robertogozzi

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  05/09/2023 at 2:12 PM #214418
  Aragorna

  hi Grahal,

  I’ve graphed it and it gives always a line=0

  this is the code:

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated ONCE Segnale = 0 // Conditions to enter long positions //PRC_Wick Pressure | indicator //23.05.2022 //Nicolas @ www.prorealcode.com //Sharing ProRealTime knowledge //converted from pinescript // --- settings atrmult = 0.7 //ATR Multiplier (The Wick area is filtered on the basis of atr and this is multiplier to that ATR. The more the multiplier value, the less the signals and vice versa) //boxlength = 16 //Length of Wick Pressure Box rsiob = 60 //RSI based on which signnals are filtered rsios = 40 //RSI based on which signnals are filtered // --- end of settings meersi = rsi[14](close) //bullish wick pressure rsibullishcond = meersi < rsios or meersi[1] < rsios or meersi[2] < rsios ll3 = lowest[3](low) lc3 = min(lowest[3](close),lowest[3](open)) C1= low<=lc3 and low[1]<=lc3 and low[2]<=lc3 and open>=lc3 and open[1]>=lc3 and open[2]>=lc3 and lc3-ll3>(atrmult*AverageTrueRange[14](close)) and rsibullishcond and close>open if c1 then c2 = lc3 lc3X=Barindex c5= highest[5](high) elsif c2=9999 then endif //bearish wick pressure rsibearishcond = meersi > rsiob or meersi[1] > rsiob or meersi[2] > rsiob hh3 = highest[3](high) hc3 = max(highest[3](close), highest[3](open)) C3=high>=hc3 and high[1]>=hc3 and high[2]>=hc3 and open<=hc3 and open[1]<=hc3 and open[2]<=hc3 and hh3-hc3>(atrmult*AverageTrueRange[14](close)) and rsibearishcond and close<open if c3 then c4 = lc3 lc3Y=Barindex c6= Lowest[5](low) elsif c4=0 then endif C7=Summation [5]((Close<ExponentialAverage[20])=5) C8=Close>ExponentialAverage[20] and Close[1]>ExponentialAverage[20] and Close[2]>ExponentialAverage[20] and Close[3]>ExponentialAverage[20] and Close[4]>ExponentialAverage[20] and Close[5]>ExponentialAverage[20] graph c7 //condizione per entrare Long IF NOT longonmarket and C1 and c7 then BUY 1 CONTRACT AT (c5+0.0001*c5) STOP longstoploss = (close - lowest[5](low) + 0.002)/pipsize set stop ploss longstoploss ENDIF // Conditions to exit long positions IF longonmarket and C3 then sell 1 SHARES AT MARKET ENDIF //condizione per entrare Short IF NOT shortonmarket and not LONGONMARKET and c3 and c8 then sellshort 1 CONTRACT AT (c6-0.0001*c6) STOP ENDIF IF shortonmarket and C1 then EXITSHORT AT MARKET ENDIF //set stop ploss 30 //set stop pprofit 30

  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 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated ONCE Segnale = 0    // Conditions to enter long positions   //PRC_Wick Pressure | indicator //23.05.2022 //Nicolas @ www.prorealcode.com //Sharing ProRealTime knowledge //converted from pinescript   // --- settings atrmult = 0.7 //ATR Multiplier (The Wick area is filtered on the basis of atr and this is multiplier to that ATR. The more the multiplier value, the less the signals and vice versa) //boxlength = 16 //Length of Wick Pressure Box rsiob = 60 //RSI based on which signnals are filtered rsios = 40 //RSI based on which signnals are filtered // --- end of settings   meersi = rsi[14](close)       //bullish wick pressure rsibullishcond = meersi < rsios or meersi[1] < rsios or meersi[2] < rsios ll3 = lowest[3](low) lc3 = min(lowest[3](close),lowest[3](open)) C1= low<=lc3 and low[1]<=lc3 and low[2]<=lc3 and open>=lc3 and open[1]>=lc3 and open[2]>=lc3 and lc3-ll3>(atrmult*AverageTrueRange[14](close)) and rsibullishcond and close>open if c1 then c2 = lc3 lc3X=Barindex c5= highest[5](high) elsif c2=9999 then endif       //bearish wick pressure rsibearishcond = meersi > rsiob or meersi[1] > rsiob or meersi[2] > rsiob hh3 = highest[3](high) hc3 = max(highest[3](close), highest[3](open)) C3=high>=hc3 and high[1]>=hc3 and high[2]>=hc3 and open<=hc3 and open[1]<=hc3 and open[2]<=hc3 and hh3-hc3>(atrmult*AverageTrueRange[14](close)) and rsibearishcond and close<open if c3 then c4 = lc3 lc3Y=Barindex c6= Lowest[5](low) elsif c4=0 then endif     C7=Summation [5]((Close<ExponentialAverage[20])=5) C8=Close>ExponentialAverage[20] and Close[1]>ExponentialAverage[20] and Close[2]>ExponentialAverage[20] and Close[3]>ExponentialAverage[20] and Close[4]>ExponentialAverage[20] and Close[5]>ExponentialAverage[20] graph c7 //condizione per entrare Long IF NOT longonmarket and C1 and c7 then BUY 1 CONTRACT AT (c5+0.0001*c5) STOP longstoploss = (close - lowest[5](low) + 0.002)/pipsize set stop ploss longstoploss ENDIF // Conditions to exit long positions IF longonmarket and C3 then sell 1 SHARES AT MARKET   ENDIF   //condizione per entrare Short IF NOT shortonmarket and not LONGONMARKET and  c3 and  c8 then sellshort 1 CONTRACT AT (c6-0.0001*c6) STOP ENDIF IF shortonmarket and C1 then EXITSHORT AT MARKET ENDIF   //set stop ploss 30 //set stop pprofit 30

  now I try to modify just like roberto suggests.

  

  Aragorna

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  05/09/2023 at 6:15 PM #214434
  GraHal

  Aragorna wrote:

  I’ve graphed it and it gives always a line=0

  Try below and you will get C7 = True on many occasions (DJI, 1 min TF over 1200K bars).

  Your code is good, but Condition C7 does not occur 5 times in 5 bars etc?

  C7=Summation [5]((Close<ExponentialAverage[20])=1) GRAPH C7

  1 2	C7=Summation [5]((Close<ExponentialAverage[20])=1) GRAPH C7

   

   

  

  GraHal

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