Enter trades on multiple conditions – help needed please

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

  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! 🙂

  

  Raspberri

  Participant

  Topics: 5

  Replies: 7

  Been thanked: 0 times
  02/14/2022 at 11:39 AM #188220
  GraHal

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

  1 user thanked author for this post.

  Raspberri

  

  GraHal

  Participant

  Topics: 203

  Replies: 8374

  Been thanked: 2024 times
  02/14/2022 at 12:02 PM #188221
  Raspberri

  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)

   

  

  Raspberri

  Participant

  Topics: 5

  Replies: 7

  Been thanked: 0 times
  02/14/2022 at 2:29 PM #188228
  GraHal

  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!

   

  

  GraHal

  Participant

  Topics: 203

  Replies: 8374

  Been thanked: 2024 times
  02/14/2022 at 3:15 PM #188231
  robertogozzi

  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

  1 2 3 4 5 6 7 8

  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

  1 user thanked author for this post.

  GraHal

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 16454

  Been thanked: 3636 times
• Author
  Posts