help code walmal scalp-method

• 04/13/2021 at 10:28 AM #166932
  ullle73

  There is a know forextrader called the rumpleone. He has been around for along time. On his youtube chanel he and a friend of his trades this strategy on mt4. They are both only trading using statistics and have been for last 20+ years. Would like to get some help coding it for PRT. In theory it seems supereffective. Want to see how it tests back in time over a big sample.

  Attached a picture on the template they use in mt4. Red and Green lines are the breakout lines where stop-orders should be +-1 pip

  Rules:

  • SL 10 pips
  • Only trade in direction of hourly candle
  • Only trade from 8.00 to 16.00 GMT, this is when ex GBPUSD range always is bigger then 10, therefor in theory price has to break out between 00, 10, 20, 30, 40, 50, 60, 70, 80, 90 lines
  • Every new hour, take a trade when price breaks 00, 10, 20, 30, 40, 50, 60, 70, 80, 90 line (ex. 1.37400) example in the picture, price opened between 1.37500 and 1.37600. Set a sellstop at 1.37500 -1 pip and a buystop at 1.37600 +1 pip
  • When price moved 1 pips in my favor. Move SL to -7.
  • When price moved 5 pips move SL to BE+1
  • No fixed TP, trailstop keep locking in for every 5 pip gain. So at 10 pips profit, move SL to +5. at 15 move to 10 etc.

  if trailstop/BE function is not possible. Just trailstop every 5 pip.

  

  ullle73

  Participant

  Topics: 51

  Replies: 178

  Been thanked: 7 times
  04/13/2021 at 10:30 AM #166933
  ullle73

  dont know why picture did not upload on last post

  

  ullle73

  Participant

  Topics: 51

  Replies: 178

  Been thanked: 7 times
  04/13/2021 at 7:15 PM #166979
  robertogozzi

  There you go:

  // Rumpleone // DEFPARAM CumulateOrders = FALSE cTime = Time >= 100000 AND Time <= 180000 cDay = OpenDayOfWeek >= 1 AND OpenDayOfWeek <= 5 SL = 10 * PipSize Offset = 1 * PipSize LossPips = 7 * PipSize TSstep = 5 Hundred = 1 * PipSize * 10 FirstPip = 1 * PipSize IF Not OnMarket THEN NewSL = 0 ENDIF Bullish = close > open Bearish = close < open Plevel = round((close * 1000) - 0.5) / 1000 IF close <> Plevel THEN IF Bullish AND Not OnMarket THEN BUY 1 CONTRACT AT Plevel + Hundred + Offset STOP ELSIF Bearish AND Not OnMarket THEN SELLSHORT 1 CONTRACT AT Plevel - Offset STOP ENDIF SET STOP LOSS SL SET TARGET PROFIT SL * 3 ENDIF Pips = (TradePrice * PositionPerf) / PipSize IF Pips >= TSstep THEN IF LongOnMarket THEN IF (NewSL < TradePrice) OR (NewSL = 0) THEN NewSL = TradePrice + FirstPip ELSE NewSL = max(NewSL,NewSL + TSstep * PipSize) ENDIF ELSIF ShortOnMarket THEN IF (NewSL > TradePrice) OR (NewSL = 0) THEN NewSL = TradePrice - FirstPip ELSE NewSL = min(NewSL,NewSL - TSstep * PipSize) ENDIF ENDIF ELSIF (Pips >= (FirstPip / PipSize)) AND (NewSL = 0) THEN //1 pip gain IF LongOnMarket THEN NewSL = TradePrice - LossPips ELSE NewSL = TradePrice + LossPips ENDIF ENDIF IF NewSL > 0 THEN SELL AT NewSL STOP EXITSHORT AT NewSL STOP ENDIF // //graph Pips //graphonprice Plevel coloured(0,0,255,255) AS "Plevel" //graphonprice Plevel + Hundred + Offset coloured(0,255,0,255) AS "Long" //graphonprice Plevel - Offset coloured(255,0,0,255) AS "Short" //graphonprice NewSL coloured(0,0,0,255) AS "SL"

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58

  // Rumpleone // DEFPARAM CumulateOrders = FALSE cTime    = Time >= 100000 AND Time <= 180000 cDay     = OpenDayOfWeek >= 1 AND OpenDayOfWeek <= 5 SL       = 10 * PipSize Offset   = 1  * PipSize LossPips = 7  * PipSize TSstep   = 5 Hundred  = 1  * PipSize * 10 FirstPip = 1  * PipSize IF Not OnMarket THEN    NewSL  = 0 ENDIF Bullish  = close > open Bearish  = close < open Plevel   = round((close * 1000) - 0.5) / 1000 IF close <> Plevel THEN    IF Bullish AND Not OnMarket THEN       BUY 1 CONTRACT AT Plevel + Hundred + Offset STOP    ELSIF Bearish AND Not OnMarket THEN       SELLSHORT 1 CONTRACT AT Plevel -  Offset STOP    ENDIF    SET STOP   LOSS   SL    SET TARGET PROFIT SL * 3 ENDIF Pips = (TradePrice * PositionPerf) / PipSize IF Pips >= TSstep THEN    IF LongOnMarket THEN       IF (NewSL < TradePrice) OR (NewSL = 0) THEN          NewSL = TradePrice + FirstPip       ELSE          NewSL = max(NewSL,NewSL + TSstep * PipSize)       ENDIF    ELSIF ShortOnMarket THEN       IF (NewSL > TradePrice) OR (NewSL = 0) THEN          NewSL = TradePrice - FirstPip       ELSE          NewSL = min(NewSL,NewSL - TSstep * PipSize)       ENDIF    ENDIF ELSIF (Pips >= (FirstPip / PipSize)) AND (NewSL = 0) THEN         //1 pip gain    IF LongOnMarket THEN       NewSL = TradePrice - LossPips    ELSE       NewSL = TradePrice + LossPips    ENDIF ENDIF IF NewSL > 0 THEN    SELL      AT NewSL STOP    EXITSHORT AT NewSL STOP ENDIF // //graph Pips //graphonprice Plevel                    coloured(0,0,255,255) AS "Plevel" //graphonprice Plevel + Hundred + Offset coloured(0,255,0,255) AS "Long" //graphonprice Plevel - Offset           coloured(255,0,0,255) AS "Short" //graphonprice NewSL                     coloured(0,0,0,255)   AS "SL"

  I think this code will exit quite soon when running, because most of times the entry price is too close to the current price so it is likely not to meet the broker’s minimum distance requirements for pending orders.

   

   

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 16469

  Been thanked: 3643 times
  04/13/2021 at 8:20 PM #166990
  ullle73

  thanks alot again roberto!!

  but strategy takes position at night as well it looks like.

  Also, is it possible to code that it takes maximum x number of positions every hour?

  

  ullle73

  Participant

  Topics: 51

  Replies: 178

  Been thanked: 7 times
  04/13/2021 at 11:58 PM #167007
  robertogozzi

  My fault, I forgot to add cTime and cDay to the conditions to enter a trade.

  Replace line 18 with this one:

  IF close <> Plevel AND cTime AND cDay THEN

  1	IF close <> Plevel AND cTime AND cDay THEN

  Moreover, I added line 25 for a TP to better test  the code. You did not want it, so you can comment it out.

   

   

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 16469

  Been thanked: 3643 times
  04/14/2021 at 8:27 AM #167015
  ullle73

  thanks alot roberto!!

  

  ullle73

  Participant

  Topics: 51

  Replies: 178

  Been thanked: 7 times
  04/14/2021 at 9:53 AM #167026
  robertogozzi

  I forgot to answer your question about the max. number of trades per hour.

  I modified the code using MTF support so that I can use the 1-hour TF to accomplish that limitation.

  Of course you cannot use TF’s higher than 1 hour and the 1-hour TF must be multiple of the one you are using on your chart (you cannot use a 7-minute TF because 1 hour, or 60 minutes, is not a multiple of 7).

  Set MaxTrades to any integer number.

  // Rumpleone // DEFPARAM CumulateOrders = FALSE TimeFrame(1h,UpdateOnClose) ThisHour1 = OpenTime // TimeFrame(default) ONCE Tally = 0 // determine whether a trade has been closed in the last candle z1 = OnMarket[1] AND Not OnMarket z2 = LongOnMarket AND ShortOnMarket[1] z3 = ShortOnMarket AND LongOnMarket[1] z4 = (Not OnMarket[1] AND Not OnMarket) AND (StrategyProfit <> StrategyProfit[1]) Traded = z1 OR z2 OR z3 OR z4 //OR 1 Tally = Tally + Traded // clear the counter each hour ThisHour2 = ThisHour1 IF (ThisHour2 <> ThisHour2[1]) THEN Tally = 0 ENDIF // cTime = Time >= 100000 AND Time <= 180000 cDay = OpenDayOfWeek >= 1 AND OpenDayOfWeek <= 5 SL = 10 * PipSize Offset = 1 * PipSize LossPips = 7 * PipSize TSstep = 5 Hundred = 1 * PipSize * 10 FirstPip = 1 * PipSize MaxTrades = 1 IF Not OnMarket THEN NewSL = 0 ENDIF Bullish = close > open Bearish = close < open Plevel = round((close * 1000) - 0.5) / 1000 IF close <> Plevel AND cTime AND cDay AND (Tally < MaxTrades) THEN IF Bullish AND Not OnMarket THEN BUY 1 CONTRACT AT Plevel + Hundred + Offset STOP ELSIF Bearish AND Not OnMarket THEN SELLSHORT 1 CONTRACT AT Plevel - Offset STOP ENDIF SET STOP LOSS SL SET TARGET PROFIT SL * 3 ENDIF Pips = (TradePrice * PositionPerf) / PipSize IF Pips >= TSstep THEN IF LongOnMarket THEN IF (NewSL < TradePrice) OR (NewSL = 0) THEN NewSL = TradePrice + FirstPip ELSE NewSL = max(NewSL,NewSL + TSstep * PipSize) ENDIF ELSIF ShortOnMarket THEN IF (NewSL > TradePrice) OR (NewSL = 0) THEN NewSL = TradePrice - FirstPip ELSE NewSL = min(NewSL,NewSL - TSstep * PipSize) ENDIF ENDIF ELSIF (Pips >= (FirstPip / PipSize)) AND (NewSL = 0) THEN //1 pip gain IF LongOnMarket THEN NewSL = TradePrice - LossPips ELSE NewSL = TradePrice + LossPips ENDIF ENDIF IF NewSL > 0 THEN SELL AT NewSL STOP EXITSHORT AT NewSL STOP ENDIF // //graph Pips //graphonprice Plevel coloured(0,0,255,255) AS "Plevel" //graphonprice Plevel + Hundred + Offset coloured(0,255,0,255) AS "Long" //graphonprice Plevel - Offset coloured(255,0,0,255) AS "Short" //graphonprice NewSL coloured(0,0,0,255) AS "SL"

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77

  // Rumpleone // DEFPARAM CumulateOrders = FALSE TimeFrame(1h,UpdateOnClose) ThisHour1 = OpenTime // TimeFrame(default) ONCE Tally = 0 // determine whether a trade has been closed in the last candle z1        = OnMarket[1]   AND Not OnMarket z2        = LongOnMarket  AND ShortOnMarket[1] z3        = ShortOnMarket AND LongOnMarket[1] z4        = (Not OnMarket[1] AND Not OnMarket) AND (StrategyProfit <> StrategyProfit[1]) Traded    = z1 OR z2 OR z3 OR z4 //OR 1 Tally     = Tally + Traded // clear the counter each hour ThisHour2 = ThisHour1 IF (ThisHour2 <> ThisHour2[1]) THEN Tally  = 0 ENDIF // cTime     = Time >= 100000 AND Time <= 180000 cDay      = OpenDayOfWeek >= 1 AND OpenDayOfWeek <= 5 SL        = 10 * PipSize Offset    = 1  * PipSize LossPips  = 7  * PipSize TSstep    = 5 Hundred   = 1  * PipSize * 10 FirstPip  = 1  * PipSize MaxTrades = 1 IF Not OnMarket THEN NewSL  = 0 ENDIF Bullish  = close > open Bearish  = close < open Plevel   = round((close * 1000) - 0.5) / 1000 IF close <> Plevel AND cTime AND cDay AND (Tally < MaxTrades) THEN IF Bullish AND Not OnMarket THEN BUY 1 CONTRACT AT Plevel + Hundred + Offset STOP ELSIF Bearish AND Not OnMarket THEN SELLSHORT 1 CONTRACT AT Plevel -  Offset STOP ENDIF SET STOP   LOSS   SL SET TARGET PROFIT SL * 3 ENDIF Pips = (TradePrice * PositionPerf) / PipSize IF Pips >= TSstep THEN IF LongOnMarket THEN IF (NewSL < TradePrice) OR (NewSL = 0) THEN NewSL = TradePrice + FirstPip ELSE NewSL = max(NewSL,NewSL + TSstep * PipSize) ENDIF ELSIF ShortOnMarket THEN IF (NewSL > TradePrice) OR (NewSL = 0) THEN NewSL = TradePrice - FirstPip ELSE NewSL = min(NewSL,NewSL - TSstep * PipSize) ENDIF ENDIF ELSIF (Pips >= (FirstPip / PipSize)) AND (NewSL = 0) THEN         //1 pip gain IF LongOnMarket THEN NewSL = TradePrice - LossPips ELSE NewSL = TradePrice + LossPips ENDIF ENDIF IF NewSL > 0 THEN SELL      AT NewSL STOP EXITSHORT AT NewSL STOP ENDIF // //graph Pips //graphonprice Plevel                    coloured(0,0,255,255) AS "Plevel" //graphonprice Plevel + Hundred + Offset coloured(0,255,0,255) AS "Long" //graphonprice Plevel - Offset           coloured(255,0,0,255) AS "Short" //graphonprice NewSL                     coloured(0,0,0,255)   AS "SL"

   

  2 users thanked author for this post.

  paisantrader, Midlanddave

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 16469

  Been thanked: 3643 times
  04/14/2021 at 5:51 PM #167081
  paisantrader

  Made a backtest on GBPEUR and it looked amazing as in Holy Smokes-amazing… until I saw I forgot to put in the spread 😉

  Still very good job though, Robert!

  

  paisantrader

  Participant

  Topics: 1

  Replies: 57

  Been thanked: 25 times
  04/14/2021 at 7:32 PM #167095
  robertogozzi

  That’s backtest.

  As I said, when you let it run on your account (demo or real makes no difference), the pending orders will, most of the time, be rejected being too close to the current price (and the strategy is most likely to be shut down).

  Whenever you deal with small SL’s and TP’s using pending orders… bad things may happen!

  This LONG exit will work, even though the current price is quite at the same leve lthan the current price:

  MyProfitPips = PositionPrice * PositionPerf / PipSize IF MyProfitPips >= 0 THEN //exit at breakeven immediately at market SELL AT MARKET ENDIF

  1 2 3 4

  MyProfitPips = PositionPrice * PositionPerf / PipSize IF MyProfitPips >= 0 THEN       //exit at breakeven immediately at market    SELL AT MARKET ENDIF

  this is likely not to work (unless a spike earned you a bunch of more than 2 pips):

  MyProfitPips = PositionPrice * PositionPerf / PipSize IF MyProfitPips >= 2 THEN SELL AT PositionPrice STOP //exit at breakeven using a pending order ENDIF

  1 2 3 4

  MyProfitPips = PositionPrice * PositionPerf / PipSize IF MyProfitPips >= 2 THEN    SELL AT PositionPrice STOP   //exit at breakeven using a pending order ENDIF

   

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 16469

  Been thanked: 3643 times
• Author
  Posts