Hi. New to this forum. Such a great comunity.
My firt try with an algo. Inspiration from Phoentzs

Is this someting to build on or what do u think, Too much time in market? How to improve thos without curvefitting?

// Wallstreet 1H - SMA Distance
// SnorreDK @ prorealcode.com
//2022-01-06

//To do - Better entrys - more standard filters?
//Try other trailing
//****************************************** **************************************

DEFPARAM CumulateOrders = False // Cumulating positions deactivated
ONCE sl = 1.5
ONCE sl2 = 1.0
ONCE A1 = 70.0
ONCE A2 = 60.0
ONCE tsm = 4.0
ONCE tst = 4.6
ONCE tst1 = 1.5
ONCE st = 0.28
ONCE A11 = 10.0
ONCE A22 = 20.0
ONCE y1 = -3.1
positionsize = 1

Timeframe(4h, updateonclose)
AA=RSI[14](close)


Timeframe(default)
CB2 = (AA<A1 and AA>A11) //4H RSI filter
CS2 = (AA<A2 and AA>A22)  //4H RSI filter


S1 = Average[20](Close)
S2 = Average[200](Close)
Dist = S1 - S2
DistPerc = (Dist / Close) * 100
CB1 = DistPerc > y1
CS1 = DistPerc < y1


If not (DayOfWeek = 2) then
If CB1 and CB2 and not shortonmarket then
BUY positionsize contracts AT MARKET
Endif

If CS1 and CS2 and not longonmarket then
SELLSHORT 1 CONTRACTS AT MARKET
Endif
endif


//****************************************************************************************
// trailing stop atr
once trailingstoptype     = 1    // trailing stop - 0 off, 1 on
 
once tsincrements = st          // typically between 0 and 0.25
once tsminatrdist = tsm         // typically between 1 and 4
 
once tsatrperiod    = 14         // ts atr parameter
once tsminstop      = 12         // ts minimum stop distance, set to IG min value
 
once tssensitivity        = 1    // [0]close;[1]high/low
 
if trailingstoptype then
if barindex=tradeindex then
trailingstoplong     = tst   // ts atr distance, typically between 4 and 10
trailingstopshort    = tst1   // ts atr distance, typically between 4 and 10
else
if longonmarket then
if tsnewsl>0 then
if trailingstoplong>tsminatrdist then
if tsnewsl>tsnewsl[1] then
trailingstoplong=trailingstoplong
else
trailingstoplong=trailingstoplong-tsincrements
endif
else
trailingstoplong=tsminatrdist
endif
endif
endif
if shortonmarket then
if tsnewsl>0 then
if trailingstopshort>tsminatrdist then
if tsnewsl<tsnewsl[1] then
trailingstopshort=trailingstopshort
else
trailingstopshort=trailingstopshort-tsincrements
endif
else
trailingstopshort=tsminatrdist
endif
endif
endif
endif
tsatr=averagetruerange[tsatrperiod]((close/10)*pipsize)/1000
//tsatr=averagetruerange[tsatrperiod]((close/1)*pipsize) // (forex)
tgl=round(tsatr*trailingstoplong)
tgs=round(tsatr*trailingstopshort)
if not onmarket or ((longonmarket and shortonmarket[1]) or (longonmarket[1] and shortonmarket)) then
tsmaxprice=0
tsminprice=close
tsnewsl=0
endif
if tssensitivity then
tssensitivitylong=high
tssensitivityshort=low
else
tssensitivitylong=close
tssensitivityshort=close
endif
if longonmarket then
tsmaxprice=max(tsmaxprice,tssensitivitylong)
if tsmaxprice-tradeprice(1)>=tgl*pointsize then
if tsmaxprice-tradeprice(1)>=tsminstop then
tsnewsl=tsmaxprice-tgl*pointsize
else
tsnewsl=tsmaxprice-tsminstop*pointsize
endif
endif
endif
if shortonmarket then
tsminprice=min(tsminprice,tssensitivityshort)
if tradeprice(1)-tsminprice>=tgs*pointsize then
if tradeprice(1)-tsminprice>=tsminstop then
tsnewsl=tsminprice+tgs*pointsize
else
tsnewsl=tsminprice+tsminstop*pointsize
endif
endif
endif
if longonmarket then
if tsnewsl>0 then
sell at tsnewsl stop
endif
if tsnewsl>0 then
if low crosses under tsnewsl then
sell at market // when stop is rejected
endif
endif
endif
if shortonmarket then
if tsnewsl>0 then
exitshort at tsnewsl stop
endif
if tsnewsl>0 then
if high crosses over tsnewsl then
exitshort at market // when stop is rejected
endif
endif
endif
endif

If shortonmarket then
SET STOP %loss SL2
endif
If Longonmarket then
SET STOP %loss SL
endif

SMA-Distance.png

Sorry. My aproach with sma-distance doesnt make any sense.

MA20 and MA200 are close together buy signal ?, far apart buy signal ??

it’s because distperc never goes above 3 or below -3 so the condition is always true

unknown-43.png