Counting green candles

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  • 02/20/2023 at 8:03 PM #209997 quote
    JenniferStrateg
    Participant
    New

    I am trying to code a backtest of a strategy, where I need to count the green candles to get my exit signal. Exit is on close of the first red candle after 3 green candles. Any ideas as to how I code that? I only have part of an idea – something with fractions and true or false. But even if that works – which it doesn’t right now – I still haven’t solved the exit on the red candle. Hope to hear your ideas. Half solutions or quater solutions are more than welcome!

    Thank you and hope you write some great stuff today 🙂

    02/20/2023 at 8:18 PM #209998 quote
    JC_Bywan
    Moderator
    Master

    Sthg like that…

    myred = Close<Open
my3green = summation[3](Close>Open)=3
mysequence = my3green[1] and myred

if longonmarket and mysequence then
  sell at market
endif
    Midlanddave and KumoNoJuzza thanked this post
    02/20/2023 at 9:49 PM #210005 quote
    JenniferStrateg
    Participant
    New

    Hi JC

    Thank you! That is so cool. Had no clue the summation could be used like that. And of course the red is as simple as that.

    Thank you!!

    02/23/2023 at 10:01 PM #210341 quote
    JenniferStrateg
    Participant
    New

    Hi again

    I’ve tested it on several instruments and I think it comes back with an exit after 3 green bars and one red in a row. Do you have any ideas for 3 green bars mixed with red bars (and then one red after that). There can be red bars mixed in between the 3 green ones.

    All the best.

    02/24/2023 at 8:15 AM #210351 quote
    JC_Bywan
    Moderator
    Master

    How many reds allowed between 1st and 2nd green, and between 2nd and 3rd green?

    02/24/2023 at 9:36 AM #210355 quote
    JenniferStrateg
    Participant
    New

    As many as it takes. Let’s say 15.

    02/24/2023 at 8:47 PM #210449 quote
    JC_Bywan
    Moderator
    Master

    Ok, I’ve made the 15 a parameter Nredmax you can change if you want to. You just have to define your entry conditions before trying it. To be tested.

    Nredmax=15

Nsequencemax=Nredmax+4// 3 greens + red at the end + Nredmax in between the 3 greens
green= close>open
red= close<open

if not longonmarket  and  yourentryconditions  then // define your entry conditions
  buy 1 contract at market
endif

if longonmarket and not longonmarket[1] then
  barstart=barindex
endif
if summation[2](longonmarket)=2 and green[1] and red then
  bartotal=barindex-barstart+1
  vendre = (bartotal<=Nsequencemax and summation[bartotal](green)>=3) or (bartotal>Nsequencemax and summation[Nsequencemax](green)>=3)
  if vendre then
    sell at market
  endif
endif
    Midlanddave thanked this post
    02/25/2023 at 10:44 AM #210463 quote
    JenniferStrateg
    Participant
    New

    Thanks for taking the time to do this!

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Counting green candles


ProOrder: Automated Strategies & Backtesting

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JenniferStrateg @jenniferstrateg Participant
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This topic contains 7 replies,
has 2 voices, and was last updated by JenniferStrateg
2 years, 12 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 02/20/2023
Status: Active
Attachments: No files
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