EMA strategy 3 candles

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    Posts
  • 06/10/2024 at 8:36 PM #233712 quote
    Aragorna
    Participant
    Junior

    Hello,

     

    I would like to ask a strategy that works this way:

    EMA50<EMA100<EMA200  and with a distance between them that can be defined

    buy if close crosses over ema 200 and the close of three candle before is lower than EMA50 (so price needs to crosse the three EMA in not more than 3 candles)

    the opposite for short.

    thank’s in advance

     

    Alessio

    06/10/2024 at 8:39 PM #233713 quote
    Aragorna
    Participant
    Junior

    I did something like this but it opens also position when it shouldn’t.

     

    DEFPARAM CumulateOrders = false
Ema50= ExponentialAverage[50](close)
ema100= ExponentialAverage[100](close)
Ema200= ExponentialAverage[200](close)
c1= close crosses under ema200 and close[barindex-3]>=ema50
c2= close crosses over ema200 and close[barindex-3]<=ema50
c3=ema50>ema100
c4=ema100>ema200
c5=ema50<ema100
c6=ema100<ema200

If not longonmarket and c2 and c5 and c6  then
Buy 1 contract at Market
endif
If longOnMarket AND (BarIndex - TradeIndex) >= 4 Then
Sell at Market
Endif
If not shortonmarket and c1 and c3 and c4 then
sellshort 1 contract at Market
endif
If shortOnMarket AND (BarIndex - TradeIndex) >= 4 Then
exitshort at Market
Endif

    exit is just to try, nothing defined

    06/11/2024 at 7:35 AM #233718 quote
    JS
    Participant
    Senior

    Hi,

    Try using Close[3] instead of Close[BarIndex-3]…

    Iván González thanked this post
    06/11/2024 at 7:56 AM #233720 quote
    Iván González
    Moderator
    Master

    Hi
    You have to change c1 and c2:

    c1= close crosses under ema200 and close[3]>=ema50
c2= close crosses over ema200 and close[3]<=ema50
    06/11/2024 at 7:57 AM #233721 quote
    Iván González
    Moderator
    Master

    I didn’t see your answer…
    As Roberto says, better 2 than… 🙂

    JS and robertogozzi thanked this post
    06/11/2024 at 10:27 PM #233772 quote
    Aragorna
    Participant
    Junior

    Thank you very much Ivan, 2 is better than one, of course! by the way I don’t understand why close[barindex–3]  was not correct.

    thanks

    Alessio

    06/12/2024 at 7:33 AM #233778 quote
    Iván González
    Moderator
    Master

    Hi,

    Maybe you should check the Probuilder’s manual or at least here https://www.prorealcode.com/documentation/close/

    I think doing that will clarify your doubts.

    06/12/2024 at 9:48 AM #233794 quote
    GraHal
    Participant
    Master
    Aragorna wrote:

    why close[barindex–3]  was not correct.

    barindex increases by 1 for every new candle and so if your Algo has been running for 600 candles then you would have close[barindex–3] = close[597]

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EMA strategy 3 candles


ProOrder: Automated Strategies & Backtesting

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Aragorna @aragorna Participant
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This topic contains 7 replies,
has 4 voices, and was last updated by GraHal
1 year, 9 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 06/10/2024
Status: Active
Attachments: No files
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