GBPUSD 4H Force_Indicator Strategy

• 06/18/2020 at 12:25 PM #136156
  Maurizio A.

  Hello everyone, this is my first strategy, based on the FORCE INDICATOR applied to GBPUSD timeframe 4H.
  The code is a draft that provides entry rules, trailing stops and money management.
  I submit it to your attention for corrections and integrations of improvements and suggestions.

  // Force indicator Strategy - GBPUSD timefrsme 4H // Concept Indicator by jebus89 // Coding Indicator by Vonasi // Strategy by Maurizio Angius DEFPARAM CumulateOrders = false DEFPARAM Preloadbars = 1000 //************************************************************************ // Indicator //p = period used for the average //AveType = 0 to 6 --- 0=SMA 1=EMA 2=WMA 3=Wilder 4=Triangular 5=End point 6=Time series //STDstart = first STD of average to be used //STDmax = maximum STD of average to be used //STDstep = Step levels of STD used STDstart = 0.1 STDmax= 10 STDstep = 0.1 if close > Average[p, AveType](close) then a = STDstart force = 0 while a <= STDmax if close > Average[p, AveType](close) + a*std[p](close) then force = force + 1 a = a + STDstep else break endif wend endif if close < Average[p, AveType](close) then a = -STDstart force = 0 while a >= -STDmax if close < Average[p, AveType](close) + a*std[p](close) then force = force - 1 a = a - STDstep else break endif wend endif ONCE NbBarLimit = 10 //************************************************************************ // Money Management Capital = 1000 Risk = 0.01 StopLoss = SL equity = Capital + StrategyProfit maxrisk = equity * Risk MinSize = 1 PositionSize = max(MinSize, (maxrisk/StopLoss)) //************************************************************************ // entry long condition l1 = force[2] = 0 l2 = force[1] > force[2] IF l1 and l2 THEN MyLimitBuy = high MyIndex = Barindex ENDIF IF BarIndex >= MyIndex + NbBarLimit THEN MyLimitBuy = 0 ENDIF IF MyLimitBuy > 0 AND NOT LongOnMarket THEN BUY PositionSize CONTRACT AT MyLimitBuy STOP Set Stop Loss abs(close - lowest[20](low)) SL = abs(close - lowest[20](low))/POINTSIZE ENDIF //************************************************************************ // entry short condition s1 = force[2] = 0 s2 = force[1] < force[2] IF s1 and s2 THEN MyLimitSell = low MyIndex = Barindex ENDIF IF BarIndex >= MyIndex + NbBarLimit THEN MyLimitSell = 0 ENDIF IF MyLimitSell > 0 AND NOT ShortOnMarket THEN SELLSHORT PositionSize CONTRACT AT MyLimitSell STOP Set Stop Loss abs(close - highest[20](high)) SL = abs(close - highest[20](high))/POINTSIZE ENDIF //************************************************************************ //trailing stop function trailingstart = Tstart //trailing will start @trailinstart points profit trailingstep = 5 //trailing step to move the "stoploss" //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN newSL = tradeprice(1)+trailingstep*pipsize ENDIF //next moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*pipsize ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THEN newSL = tradeprice(1)-trailingstep*pipsize ENDIF //next moves IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN newSL = newSL-trailingstep*pipsize ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF //************************************************************************

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  // Force indicator Strategy - GBPUSD timefrsme 4H // Concept Indicator by jebus89 // Coding Indicator by Vonasi // Strategy by Maurizio Angius   DEFPARAM CumulateOrders = false DEFPARAM Preloadbars = 1000   //************************************************************************   // Indicator //p = period used for the average //AveType = 0 to 6 --- 0=SMA 1=EMA 2=WMA 3=Wilder 4=Triangular 5=End point 6=Time series //STDstart = first STD of average to be used //STDmax = maximum STD of average to be used //STDstep = Step levels of STD used   STDstart = 0.1 STDmax= 10 STDstep = 0.1   if close > Average[p, AveType](close) then a = STDstart force = 0 while a <= STDmax if close > Average[p, AveType](close) + a*std[p](close) then force = force + 1 a = a + STDstep else break endif wend endif   if close < Average[p, AveType](close) then a = -STDstart force = 0 while a >= -STDmax if close < Average[p, AveType](close) + a*std[p](close) then force = force - 1 a = a - STDstep else break endif wend endif   ONCE NbBarLimit = 10   //************************************************************************   // Money Management   Capital = 1000 Risk = 0.01 StopLoss = SL equity = Capital + StrategyProfit maxrisk = equity * Risk MinSize = 1 PositionSize = max(MinSize, (maxrisk/StopLoss))   //************************************************************************   // entry long condition   l1 = force[2] = 0 l2 = force[1] > force[2]   IF l1 and l2 THEN MyLimitBuy = high MyIndex = Barindex ENDIF   IF BarIndex >= MyIndex + NbBarLimit THEN MyLimitBuy = 0 ENDIF   IF MyLimitBuy > 0 AND NOT LongOnMarket THEN BUY PositionSize CONTRACT AT MyLimitBuy STOP Set Stop Loss abs(close - lowest[20](low)) SL = abs(close - lowest[20](low))/POINTSIZE   ENDIF   //************************************************************************   // entry short condition   s1 = force[2] = 0 s2 = force[1] < force[2]   IF s1 and s2 THEN MyLimitSell = low MyIndex = Barindex ENDIF   IF BarIndex >= MyIndex + NbBarLimit THEN MyLimitSell = 0 ENDIF   IF MyLimitSell > 0 AND NOT ShortOnMarket THEN SELLSHORT PositionSize CONTRACT AT MyLimitSell STOP Set Stop Loss abs(close - highest[20](high)) SL = abs(close - highest[20](high))/POINTSIZE ENDIF   //************************************************************************   //trailing stop function   trailingstart = Tstart //trailing will start @trailinstart points profit trailingstep = 5 //trailing step to move the "stoploss"   //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF   //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN newSL = tradeprice(1)+trailingstep*pipsize ENDIF //next moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*pipsize ENDIF ENDIF   //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THEN newSL = tradeprice(1)-trailingstep*pipsize ENDIF //next moves IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN newSL = newSL-trailingstep*pipsize ENDIF ENDIF   //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF   //************************************************************************

   

  3 users thanked author for this post.

  keewee, swedshare, GraHal

  

  Maurizio A.

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  06/18/2020 at 2:11 PM #136438
  robertogozzi

  Thank you for sharing.

  I think it will be of interest to many of us in this community.

   

  

  robertogozzi

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  06/18/2020 at 3:01 PM #136462
  GraHal

  Seems very adaptable to Instruments and Timeframes.

  Results attached for DJI 15 mins, spread = 4.

  Didn’t have time to wait for full backtest, so attached is over 10k bars only.

  

  GraHal

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