Enter trades on multiple conditions – help needed please

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  • 02/14/2022 at 11:32 AM #188218 quote
    Raspberri
    Participant
    New

    Hi all,

    apologies if this is a basic question that was answered before, but I am trying to create a strategy that enters long/short depending on Fib retracement crossings and MA and am struggling to find the right code.

    Basically, I am defining 20 conditions (10 for long, 10 for short). 1 and 11 are conditions that I always want to be met (c1 for long, c11 for short). For long entry, I want c1 AND either of c2-c10 met, for short c11 AND either of c12-20. I have tried everything from using OR, ELSIF or separate IF ENDIF statements but nothing works.

    Does anyone know how to write this?

    Thanks a lot in advance! 🙂

    02/14/2022 at 11:39 AM #188220 quote
    GraHal
    Participant
    Master

    You would need to post your code else we all be guessing what / how you have coded.

    Raspberri thanked this post
    02/14/2022 at 12:02 PM #188221 quote
    Raspberri
    Participant
    New

    Absolutely, makes sense! I found my mistake myself, the answer is to include the AND statement in the condition definition itself before starting IF statement. At least it works for me now. Example below:

    // Conditions to enter long positions
    indicator1 = Average[100](close)
    c1 = (close > indicator1)
    // c2 as indicator2 AND c1
    indicator2 = (((DHigh(1) + DLow(1) + DClose(1))/3 – (DHigh(1)-DLow(1)))+((DHigh(1) + DLow(1) + DClose(1))/3 – (.618 * (DHigh(1)-DLow(1))))) /2
    c2 = (close CROSSES OVER indicator2 AND c1)

    02/14/2022 at 2:29 PM #188228 quote
    GraHal
    Participant
    Master

    Make sure you test your strategy on Demo Account ONLY until you are happy it makes money on a regular basis / over 50 to 100 trades at least!

    02/14/2022 at 3:15 PM #188231 quote
    robertogozzi
    Moderator
    Master

    There you go (you may also add Not Onmarket + Trading hours and Days to General Conditionms):

    GeneralConditions = c2 AND c3 AND c4 AND c5 AND c6 AND c7 AND c8 AND c9 AND c10
LongConditions    = GeneralConditions  AND c1
ShortConditions   = GeneralConditions  AND c11
IF LongConditions THEN
   BUY 1 Contract at Market
ELSIF ShortConditions THEN
   SELLSHORT 1 Contract at Market
ENDIF
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Enter trades on multiple conditions – help needed please


ProOrder: Automated Strategies & Backtesting

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Raspberri @raspberri Participant
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This topic contains 4 replies,
has 3 voices, and was last updated by robertogozzi
4 years ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 02/14/2022
Status: Active
Attachments: No files
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