Coding for first pullback after price crossed MA50

RiaanvN · 2019-06-11T15:50:55+00:00

Hi guys, I would appreciate some assistance. My favorite trade setup is pulback to MA50 after price crossed MA50 and MA50 is sloping up. Thus an established new trend. Any ideas how to code this? Thanks!

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06/15/2019 at 1:01 PM #100736 quote

robertogozzi

Moderator

Legend

Ok, I’ll add the short side soon!

06/15/2019 at 1:14 PM #100737 quote

GraHal

Participant

Master

The curve and results for 5th down from the top look just as good!?

I know it’s only 10k bars, but I’m trying out a different kind of trading … Auto Entry and Manual Exit if / when needed?

There will be no need for manual exit on this one though if a weekly optimise keeps the Live results above that critical Gain / Loss ratio of 2 ish.

pullback3.jpg

06/15/2019 at 1:24 PM #100741 quote

robertogozzi

Moderator

Legend

Both sides:

DEFPARAM CumulateOrders = false
MinLookBack =  2           //2  crossing must have occured at least these bars before PullBack
MaxLookBack =  17          //17 crossing must have occured at most  these bars before PullBack
MA50 = average[50,1](close)//50,1
//  LONG  side
x = close crosses over  ma50
IF x OR (close > MA50 AND low < MA50) THEN //when a pullback occurs...
   IF summation[MinLookBack](x[1]) = 0 THEN
      IF summation[MaxLookBack](x[MinLookBack + 1]) AND Not OnMarket AND close > open THEN
         BUY 1 CONTRACT AT MARKET
         SET STOP   pLOSS   50    //50
         SET TARGET pPROFIT 300   //300
      ENDIF
   ENDIF
ENDIF
//  SHORT side
x = close crosses under ma50
IF x OR (close < MA50 AND high > MA50) THEN //when a pullback occurs...
   IF summation[MinLookBack](x[1]) = 0 THEN
      IF summation[MaxLookBack](x[MinLookBack + 1]) AND Not OnMarket AND close < open THEN
         SELLSHORT 1 CONTRACT AT MARKET
         SET STOP   pLOSS   50    //50
         SET TARGET pPROFIT 300   //300
      ENDIF
   ENDIF
ENDIF

GraHal thanked this post

06/15/2019 at 2:20 PM #100745 quote

RiaanvN

Participant

Average

Hello Roberto,

I have also noticed that with this trade setup the MA20 offers good support. 50% of time after price crosses MA50 the price pullback to MA20 instead. Is it possible for you to add this criteria?

Price cross MA50 then pullback to MA20 (or MA50).

06/15/2019 at 2:42 PM #100747 quote

robertogozzi

Moderator

Legend

There you go (not tested):

DEFPARAM CumulateOrders = false
MinLookBack =  2           //2  crossing must have occured at least these bars before PullBack
MaxLookBack =  17          //17 crossing must have occured at most  these bars before PullBack
MA50 = average[50,1](close)//50,1
MA20 = average[20,1](close)//20,1
//  LONG  side
x = close crosses over  ma50
y = close crosses over  ma20
IF x OR (close > MA50 AND low < MA50) THEN //when a pullback occurs...
   IF summation[MinLookBack](y[1]) = 0 THEN
      IF summation[MaxLookBack](y[MinLookBack + 1]) AND Not OnMarket AND close > open THEN
         BUY 1 CONTRACT AT MARKET
         SET STOP   pLOSS   50    //50
         SET TARGET pPROFIT 300   //300
      ENDIF
   ENDIF
ENDIF
//  SHORT side
x = close crosses under ma50
y = close crosses under ma20
IF x OR (close < MA50 AND high > MA50) THEN //when a pullback occurs...
   IF summation[MinLookBack](y[1]) = 0 THEN
      IF summation[MaxLookBack](y[MinLookBack + 1]) AND Not OnMarket AND close < open THEN
         SELLSHORT 1 CONTRACT AT MARKET
         SET STOP   pLOSS   50    //50
         SET TARGET pPROFIT 300   //300
      ENDIF
   ENDIF
ENDIF

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