I do not fully understand your question / comments above, but I hope this helps …

1.Screener runs on many Instruments simultaneously (of your preferred choice).  You then decide on which Instrument to open a separate manual trade.

2.  Indicator runs on one Instruments at a time (of your preferred choice). You then decide if you open a separate manual trade.

3.  Algo / Bot / System is a coded strategy which takes trades automatically for you.  The Elder Triple Screen strategy could be coded into an Automated Trading Algo / Bot / System.

I also have a question about the triple screen tratedy, depends of my understanding on The new trading for living :

Screen 1( bigger TF) : we have to use An unbounded trend indicator (like MACD, MACD histogram, ema, ….)

Screen 2(middle TF) : we have to use A countertrend oscillator like, RSI, Stock, Force Index, ….

Screen 3(Smaller TF): that’s my question, what we have to use here ?

ZeroCafeine wrote:

I also have a question about the triple screen tratedy

The Elder Triple Screener is all done for us by the very kind Roberto. Why question further … unless you want to code your own from scratch??

Markets are a moving … let’s get on with it and make some money!? 🙂

GraHal wrote:

Roberto

tks you again and tks to the very kind Roberto, in my way of learning and understand  the strategy but also I want to understand more and try the other think like the MACD Histogramme or the impulse systeme in the first screen,

but I still have the big question of the Screen number 3, what is the best think to use (I mean the idea not the indicator) ?

As simple as it looks, it seems to work fine on many major indexes. Tested on SP500, DAX, Dow, NASDAQ and CAC40.
What do you think? In the end, it’s pure price action.

//================================================
 
DEFPARAM CUMULATEORDERS = false
defparam preloadbars = 10000
 
 
//Risk Management
PositionSize=5
 
timeframe(4hour, updateonclose)
//barCount = barIndex
 
myhigh = high
myclose= close
mylow  = low
 
bullish     = close > open
bearish     = close < open
stronglong  = close > close[1]
strongshort = close < close[1]
 
MA1  = Average[2,1](close)
MA2  = Average[30,1](close)
MA3  = Average[8,1](close)
MA4  = Average[10,1](close)
 
//MylongH4  = MA1 > MA2 and MA2 > MA3 and MA3 > MA4
MyshortH4 = MA1 < MA2 and MA2 < MA3 and MA3 < MA4
 
MAlong  = Average[2,1](close)
MAshort = Average[2,1](close)
 
mylongH4       = MAlong > MAlong[1] and MA1 > MA2
Trendlongexit   = MAlong < MAlong[1]
 
//myshortx      = MAshort < MAshort[1]
Trendshortexit  = MAshort > MAshort[1]
 
//RSI
myRSIH4 = RSI[2](close)
 
rsisteigtH4      =   myRSIH4 > myRSIH4[1]
rsisteigtH4cross =   myRSIH4 crosses over 90
rsisinktH4       =   myRSIH4 < myRSIH4[1]
rsisinktH4cross  =   myRSIH4 crosses under 10
 
//myADX = ADX[14] > 10
 
timeframe(1hour, updateonclose)
//RSI
myRSIH1 = RSI[2](close)
 
rsisteigtH1      =   myRSIH1 > myRSIH1[1]
rsisteigtH1cross =   myRSIH1 crosses over 90
rsisinktH1       =   myRSIH1 < myRSIH1[1]
rsisinktH1cross  =   myRSIH1 crosses under 10
 
 
timeframe(15minute, updateonclose)
bullishM15     = close > open
bearishM15     = close < open
stronglongM15  = close > close[1]
strongshortM15 = close < close[1]
 
//RSI
myRSIM15 = RSI[2](close)
 
rsisteigtM15      =   myRSIM15 > myRSIM15[1]
rsisteigtM15cross =   myRSIM15 crosses over 90 //90
rsisinktM15       =   myRSIM15 < myRSIM15[1]
rsisinktM15cross  =   myRSIM15 crosses under 10
 
/////////////////////
//BOLLINGER
A = 20 // période
B = 2 // déviation
BollInf = Average[A](close)-B*std[A](close)
BollSup = Average[A](close)+B*std[A](close)
// INDICATEUR %BOLLINGER : pB
pB = (close - BollInf) / (BollSup - BollInf)
 
//Bolllong  = (pB < 0)  and (pB[1] > 0)
//Bollshort = (pB > 1)  and (pB[1] < 1)
Bolllong  = (pB > 1)  and (pB[1] < 1) //Ausbruch
Bollshort = (pB < 0)  and (pB[1] > 0) //Ausbruch
 
//timeframe(5minute, updateonclose)
///////////////////////
////BOLLINGER
//A = 20 // période
//B = 2 // déviation
//BollInf = Average[A](close)-B*std[A](close)
//BollSup = Average[A](close)+B*std[A](close)
//// INDICATEUR %BOLLINGER : pB
//pB = (close - BollInf) / (BollSup - BollInf)
//
////Bolllong  = (pB < 0)  and (pB[1] > 0)
////Bollshort = (pB > 1)  and (pB[1] < 1)
//Bolllong  = (pB > 1)  and (pB[1] < 1) //Ausbruch
//Bollshort = (pB < 0)  and (pB[1] > 0) //Ausbruch
 
timeframe(default)
 
mylong = mylongH4 and rsisinktH1 and rsisteigtM15
mylong2 = mylongH4 and rsisteigtH1 and rsisteigtM15
mylong3 = mylongH4 and rsisteigtH1 and Bolllong
mylong4 = mylongH4 and rsisteigtH1 and rsisinktM15cross
mylong5 = mylongH4 and rsisteigtH1 and rsisteigtM15cross //and rsisteigtH4
mylong6 = mylongH4 and rsisteigtH1cross
mylong7 = mylongH4 and rsisteigtM15cross
 
myshort = MyshortH4 and rsisteigtH1 and strongshortM15
 
 
// trading window
ONCE BuyTime  = 130000
ONCE SellTime = 210000
 
// position management
IF Time >= BuyTime AND Time <= SellTime THEN
 
If mylong5 Then
Buy PositionSize CONTRACTS AT MARKET
//SET STOP %LOSS hl //0.8
//SET TARGET %PROFIT gl //1
ENDIF
 
//If myshort Then  //and myshort3
//sellshort PositionSize CONTRACTS AT MARKET
////SET STOP %LOSS hs //0.8
////SET TARGET %PROFIT gs //1
//ENDIF
 
endif
 
if longonmarket and Trendlongexit then  //or close crosses under dlow(1)
sell at market
endif
if shortonmarket and Trendshortexit then  //myshortexitx or close crosses over dhigh(0)
exitshort at market
endif

phoentzs wrote:

As simple as it looks, it seems to work fine on many major indexes. Tested on SP500, DAX, Dow, NASDAQ and CAC40.

What do you think? In the end, it’s pure price action.

//================================================</p> <p>DEFPARAM CUMULATEORDERS = false<br /> defparam preloadbars = 10000</p> <p>//Risk Management<br /> PositionSize=5</p> <p>timeframe(4hour, updateonclose)<br /> //barCount = barIndex</p> <p>myhigh = high<br /> myclose= close<br /> mylow = low</p> <p>bullish = close > open<br /> bearish = close < open<br /> stronglong = close > close[1]<br /> strongshort = close < close[1]</p> <p>MA1 = Average[2,1](close)<br /> MA2 = Average[30,1](close)<br /> MA3 = Average[8,1](close)<br /> MA4 = Average[10,1](close)</p> <p>//MylongH4 = MA1 > MA2 and MA2 > MA3 and MA3 > MA4<br /> MyshortH4 = MA1 < MA2 and MA2 < MA3 and MA3 < MA4</p> <p>MAlong = Average[2,1](close)<br /> MAshort = Average[2,1](close)</p> <p>mylongH4 = MAlong > MAlong[1] and MA1 > MA2<br /> Trendlongexit = MAlong < MAlong[1]</p> <p>//myshortx = MAshort < MAshort[1]<br /> Trendshortexit = MAshort > MAshort[1]</p> <p>//RSI<br /> myRSIH4 = RSI[2](close)</p> <p>rsisteigtH4 = myRSIH4 > myRSIH4[1]<br /> rsisteigtH4cross = myRSIH4 crosses over 90<br /> rsisinktH4 = myRSIH4 < myRSIH4[1]<br /> rsisinktH4cross = myRSIH4 crosses under 10</p> <p>//myADX = ADX[14] > 10</p> <p>timeframe(1hour, updateonclose)<br /> //RSI<br /> myRSIH1 = RSI[2](close)</p> <p>rsisteigtH1 = myRSIH1 > myRSIH1[1]<br /> rsisteigtH1cross = myRSIH1 crosses over 90<br /> rsisinktH1 = myRSIH1 < myRSIH1[1]<br /> rsisinktH1cross = myRSIH1 crosses under 10</p> <p>timeframe(15minute, updateonclose)<br /> bullishM15 = close > open<br /> bearishM15 = close < open<br /> stronglongM15 = close > close[1]<br /> strongshortM15 = close < close[1]</p> <p>//RSI<br /> myRSIM15 = RSI[2](close)</p> <p>rsisteigtM15 = myRSIM15 > myRSIM15[1]<br /> rsisteigtM15cross = myRSIM15 crosses over 90 //90<br /> rsisinktM15 = myRSIM15 < myRSIM15[1]<br /> rsisinktM15cross = myRSIM15 crosses under 10</p> <p>/////////////////////<br /> //BOLLINGER<br /> A = 20 // période<br /> B = 2 // déviation<br /> BollInf = Average[A](close)-B*std[A](close)<br /> BollSup = Average[A](close)+B*std[A](close)<br /> // INDICATEUR %BOLLINGER : pB<br /> pB = (close – BollInf) / (BollSup – BollInf)</p> <p>//Bolllong = (pB < 0) and (pB[1] > 0)<br /> //Bollshort = (pB > 1) and (pB[1] < 1)<br /> Bolllong = (pB > 1) and (pB[1] < 1) //Ausbruch<br /> Bollshort = (pB < 0) and (pB[1] > 0) //Ausbruch</p> <p>//timeframe(5minute, updateonclose)<br /> ///////////////////////<br /> ////BOLLINGER<br /> //A = 20 // période<br /> //B = 2 // déviation<br /> //BollInf = Average[A](close)-B*std[A](close)<br /> //BollSup = Average[A](close)+B*std[A](close)<br /> //// INDICATEUR %BOLLINGER : pB<br /> //pB = (close – BollInf) / (BollSup – BollInf)<br /> //<br /> ////Bolllong = (pB < 0) and (pB[1] > 0)<br /> ////Bollshort = (pB > 1) and (pB[1] < 1)<br /> //Bolllong = (pB > 1) and (pB[1] < 1) //Ausbruch<br /> //Bollshort = (pB < 0) and (pB[1] > 0) //Ausbruch</p> <p>timeframe(default)</p> <p>mylong = mylongH4 and rsisinktH1 and rsisteigtM15<br /> mylong2 = mylongH4 and rsisteigtH1 and rsisteigtM15<br /> mylong3 = mylongH4 and rsisteigtH1 and Bolllong<br /> mylong4 = mylongH4 and rsisteigtH1 and rsisinktM15cross<br /> mylong5 = mylongH4 and rsisteigtH1 and rsisteigtM15cross //and rsisteigtH4<br /> mylong6 = mylongH4 and rsisteigtH1cross<br /> mylong7 = mylongH4 and rsisteigtM15cross</p> <p>myshort = MyshortH4 and rsisteigtH1 and strongshortM15</p> <p>// trading window<br /> ONCE BuyTime = 130000<br /> ONCE SellTime = 210000</p> <p>// position management<br /> IF Time >= BuyTime AND Time <= SellTime THEN</p> <p>If mylong5 Then<br /> Buy PositionSize CONTRACTS AT MARKET<br /> //SET STOP %LOSS hl //0.8<br /> //SET TARGET %PROFIT gl //1<br /> ENDIF</p> <p>//If myshort Then //and myshort3<br /> //sellshort PositionSize CONTRACTS AT MARKET<br /> ////SET STOP %LOSS hs //0.8<br /> ////SET TARGET %PROFIT gs //1<br /> //ENDIF</p> <p>endif</p> <p>if longonmarket and Trendlongexit then //or close crosses under dlow(1)<br /> sell at market<br /> endif<br /> if shortonmarket and Trendshortexit then //myshortexitx or close crosses over dhigh(0)<br /> exitshort at market<br /> endif

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//================================================ DEFPARAM CUMULATEORDERS = false defparam preloadbars = 10000 //Risk Management PositionSize=5 timeframe(4hour, updateonclose) //barCount = barIndex myhigh = high myclose= close mylow = low bullish = close > open bearish = close < open stronglong = close > close[1] strongshort = close < close[1] MA1 = Average[2,1](close) MA2 = Average[30,1](close) MA3 = Average[8,1](close) MA4 = Average[10,1](close) //MylongH4 = MA1 > MA2 and MA2 > MA3 and MA3 > MA4 MyshortH4 = MA1 < MA2 and MA2 < MA3 and MA3 < MA4 MAlong = Average[2,1](close) MAshort = Average[2,1](close) mylongH4 = MAlong > MAlong[1] and MA1 > MA2 Trendlongexit = MAlong < MAlong[1] //myshortx = MAshort < MAshort[1] Trendshortexit = MAshort > MAshort[1] //RSI myRSIH4 = RSI[2](close) rsisteigtH4 = myRSIH4 > myRSIH4[1] rsisteigtH4cross = myRSIH4 crosses over 90 rsisinktH4 = myRSIH4 < myRSIH4[1] rsisinktH4cross = myRSIH4 crosses under 10 //myADX = ADX[14] > 10 timeframe(1hour, updateonclose) //RSI myRSIH1 = RSI[2](close) rsisteigtH1 = myRSIH1 > myRSIH1[1] rsisteigtH1cross = myRSIH1 crosses over 90 rsisinktH1 = myRSIH1 < myRSIH1[1] rsisinktH1cross = myRSIH1 crosses under 10 timeframe(15minute, updateonclose) bullishM15 = close > open bearishM15 = close < open stronglongM15 = close > close[1] strongshortM15 = close < close[1] //RSI myRSIM15 = RSI[2](close) rsisteigtM15 = myRSIM15 > myRSIM15[1] rsisteigtM15cross = myRSIM15 crosses over 90 //90 rsisinktM15 = myRSIM15 < myRSIM15[1] rsisinktM15cross = myRSIM15 crosses under 10 ///////////////////// //BOLLINGER A = 20 // période B = 2 // déviation BollInf = Average[A](close)–B*std[A](close) BollSup = Average[A](close)+B*std[A](close) // INDICATEUR %BOLLINGER : pB pB = (close – BollInf) / (BollSup – BollInf) //Bolllong = (pB < 0) and (pB[1] > 0) //Bollshort = (pB > 1) and (pB[1] < 1) Bolllong = (pB > 1) and (pB[1] < 1) //Ausbruch Bollshort = (pB < 0) and (pB[1] > 0) //Ausbruch //timeframe(5minute, updateonclose) /////////////////////// ////BOLLINGER //A = 20 // période //B = 2 // déviation //BollInf = Average[A](close)-B*std[A](close) //BollSup = Average[A](close)+B*std[A](close) //// INDICATEUR %BOLLINGER : pB //pB = (close – BollInf) / (BollSup – BollInf) // ////Bolllong = (pB < 0) and (pB[1] > 0) ////Bollshort = (pB > 1) and (pB[1] < 1) //Bolllong = (pB > 1) and (pB[1] < 1) //Ausbruch //Bollshort = (pB < 0) and (pB[1] > 0) //Ausbruch timeframe(default) mylong = mylongH4 and rsisinktH1 and rsisteigtM15 mylong2 = mylongH4 and rsisteigtH1 and rsisteigtM15 mylong3 = mylongH4 and rsisteigtH1 and Bolllong mylong4 = mylongH4 and rsisteigtH1 and rsisinktM15cross mylong5 = mylongH4 and rsisteigtH1 and rsisteigtM15cross //and rsisteigtH4 mylong6 = mylongH4 and rsisteigtH1cross mylong7 = mylongH4 and rsisteigtM15cross myshort = MyshortH4 and rsisteigtH1 and strongshortM15 // trading window ONCE BuyTime = 130000 ONCE SellTime = 210000 // position management IF Time >= BuyTime AND Time <= SellTime THEN If mylong5 Then Buy PositionSize CONTRACTS AT MARKET //SET STOP %LOSS hl //0.8 //SET TARGET %PROFIT gl //1 ENDIF //If myshort Then //and myshort3 //sellshort PositionSize CONTRACTS AT MARKET ////SET STOP %LOSS hs //0.8 ////SET TARGET %PROFIT gs //1 //ENDIF endif if longonmarket and Trendlongexit then //or close crosses under dlow(1) sell at market endif if shortonmarket and Trendshortexit then //myshortexitx or close crosses over dhigh(0) exitshort at market endif

can you post a backtest screen shot of your bastesting pls ?

ZeroCafeine wrote:

sorry for my bad english

Not a problem, it is easily readable!

Yes please let us know what you find as optimal for Third Screen.

I want to ask you about the SL and TP

GraHal wrote:

GraHal wrote:

I also added SL and TP.

Roberto original had one overall SL and TP for longs and shorts.

I changed to separate SL and TP for Longs and Shorts.

Also for the 1 minute version I changed the 3 Timeframes from Roberto original.

Just saying for clarification.

what is mean A66 ?, it’s mean 66 point ?

and for me it’s not make sense to use a SL just with some value, for exemple it’s possible to get consecutive losses, what is your strategy for resolve that ?

and did you use some money managment rule in you back test strategy ?

and why you don’t use a mixte of a hard stop with a traling stop or some think like that, you can maybe get beter result ?

// somethink like that
SET STOP LOSS XX TRAILING XXX