@cfta The problem that the system exit ate 0.1% is due to the thing that I explain in my post of 22/05. Please have a look into it.

I have changed this formula at line 35 to pipsize, which is in accordance to the pip value obviously.

Since this is a “no-brain” system (understand that there is no initial trading decision made by the code), timeframe is not important. Of course, because we need it to add orders quickly and with the minimal step requirement we want, we should put it on a minimal timeframe possible, such as seconds eventually… as long as this strategy don’t have needs of any indicator.

I said that I’ll put it on real live environment for testing purpose. First trade will be placed with breakout of a price level (Close crosses under/over …)

I think that the first idea of making decision of when and how this system should operate is a good one. As I said, ProScreener can help us a lot for that, and what we need here is to fetch trend continuation or breakout on different timeframe horizon.

Please change this function to see if it happens again:

//stoploss trigger when risj reward ratio has been reached
if onmarket and RRreached=1 then
 if floatingprofit crosses under BBfloatingprofit then
  SELL AT MARKET
  EXITSHORT AT MARKET
 endif
 SELL AT positionprice-mindistancetoclose STOP
 EXITSHORT AT positionprice-mindistancetoclose STOP
endif

Thanks.

When trying in realtime do you keep the entry like close<close[1]? Does it mean that you enter pratically in a random moment??

Or how did you decided to enter at 16.00?

David

@cfta

Since there´s been a lot of changes and new inputs to the original code, it would be great to know which version you use now and that you mentioned above that you tested real time today?

And again thanks to everyone for all the input in this thread. Really interesting and I’ve learned a lot so far. Looking forward to when this code is combined with a fantastic entry strategy. It will be amazing:)

In my opinion there are 2 codes that you should look for:

Code number 1 (the last one posted by Nicholas if you want to do only 1 entry)

Code number 2 (if you want to do more than 1 entry. posted below by me)

//after the enrty (long or short) this TS is meant to do more entry until the Stoploss or the Takeprofit will be reached. The stop loss is not static but it is decided at the beginning with variable riskpercent. When the system makes the second, third ,fourth, etc entries the SL is moved to guarantee that the risk is always the same (it means that at every new buy signal it is moved more near to the avarage price.
//The Take profit is done when the atual gain is under the avarage of the last trades and when the risk reward ratio is reached


defparam preloadbars = 100
once RRreached = 0


//parameters
indexvalue = 10000 //dax=10000 MIB=18000 WTI=4800 etc...
Entrysteps = 0.1 // decide with which interval the new entries are done
accountbalance = 10000 //account balance in money at strategy start
riskpercent = 2 //whole account risk in percent%
gridstep = indexvalue*(riskpercent/100*Entrysteps) //grid step in point, this should change depending on the volatility
amount = 1 //lot amount to open each trade
rr = 2//risk reward ratio (set to 0 disable this function)


//first trade whatever condition. Here you should put the entry of long trades. this one below is only an example.
if NOT ONMARKET AND close>close[1] then
BUY amount LOT AT MARKET
endif


//first trade whatever condition. Here you should put the entry of short trades. this one below is only an example.
if NOT ONMARKET AND close<close[1]  then
SELLSHORT amount LOT AT MARKET
endif

// case BUY - add orders on the same trend. Here is when next buy are made
if longonmarket and close-tradeprice(1)>=gridstep*pipsize then
BUY amount LOT AT MARKET
endif

// case SELL - add orders on the same trend. Here is when next sell are made
if shortonmarket and tradeprice(1)-close>=gridstep*pipsize then
SELLSHORT amount LOT AT MARKET
endif

//money management
liveaccountbalance = accountbalance+strategyprofit //balance account considering the past trades
//liveaccountbalance = accountbalance
moneyrisk = (liveaccountbalance*(riskpercent/100)) //value in euro that we risk on each trade.

if onmarket then
onepointvaluebasket = pointvalue*countofposition //value of each point of the index. It increase when we have multiples contracts
mindistancetoclose =(moneyrisk/onepointvaluebasket)*pipsize //index points calculated to keep the stoploss fixed

endif
//floating profit
floatingprofit = (((close-positionprice)*pointvalue)*countofposition) // /pipsize???  //actual trade gains
MAfloatingprofit = average[20](floatingprofit)//avarage of the last 20 trades
BBfloatingprofit = MAfloatingprofit - std[20](MAfloatingprofit)*2 //standard deviation of the avarage of last 20 trades


//floating profit risk reward check. If the actual gain is bigger than the riskreward the variable RRreached is set to 1. It means that the system is ready to exit at the take profit signal.

if rr>0 and floatingprofit>moneyrisk*rr then
RRreached=1
endif

//Here is where we set the stoploss. it means that the reward ratio is not reached yet.
if onmarket and RRreached=0 then
SELL AT positionprice-mindistancetoclose STOP
EXITSHORT AT positionprice-mindistancetoclose STOP
endif

//stoploss trigger when risk reward ratio has been reached.
//If the risk reward is reached the take profit can be done. The Take profit is done when the atual gain is under the avarage of the last trades




if onmarket and RRreached=1 then
if floatingprofit crosses under BBfloatingprofit then
SELL AT MARKET
EXITSHORT AT MARKET
RRreached = 0 //resetting the risk reward reached variable
endif
SELL AT positionprice-mindistancetoclose STOP
EXITSHORT AT positionprice-mindistancetoclose STOP
RRreached = 0 //resetting the risk reward reached variable
endif

//resetting the risk reward reached variable
//if not onmarket then
//RRreached = 0
//endif





//GRAPH mindistancetoclose coloured(0,0,255) as "mindistancetoclose"
//GRAPH floatingprofit coloured(0,0,0) as "ticksize"
//GRAPH RRreached coloured(0,0,255) as "RRreached"