help coding breakout strategy

• 05/24/2022 at 2:14 PM #193778
  ullle73

  System is not putting out any stoporders at all. No signs of rejections either

  

  ullle73

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  05/24/2022 at 4:24 PM #193795
  robertogozzi

  Line 21 computes the average of the daily range for the last 20 bars, but they aremost likely always the same, as they are NOT daily bars, but those of the TF you have chosen. On a 5-minute TF the last 20 bars are likely to share the same daily range.

  I tested it on DAX, 5 and 10-minute TF and it enters several trades. On 1-minute TF, it opended only 1 trade using 50K.

  Check if line 21 is correct or not, according to your idea.

   

   

  

  robertogozzi

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  05/24/2022 at 5:13 PM #193801
  ullle73

  I see. What i want is the code to calculate average daily range. Could you help me change it so it calculates for daily bars? Instead of just bars? I use the system on manual trading so it should produce almost one trade everyday.

  i use the code on a 1 min and 3 min tf. Had not taken any trades for something like 18 days.

  

  ullle73

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  05/24/2022 at 11:11 PM #193814
  ullle73

  roberto, if you try it on dow jones, May 6th is the last day it takes a trade. Ive tried to change line 21 everything from 5-20 days. Stil exactly same results no matter what

  

  ullle73

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  05/28/2022 at 10:37 AM #194051
  robertogozzi

  Try using this modified version:

  //------------------------------------------------------------------------- // Main code : ryd range box 1-2 min US30 DOW //------------------------------------------------------------------------- DEFPARAM CumulateOrders = FALSE Timeframe(default) ONCE PL = 130.0 ONCE SL = 60.0 ONCE t = 50.0 ONCE tS = 50.0 ONCE x = 40.0 ONCE y = 1.0 IF Not OnMarket THEN MyExit = 0 ELSE c1 = 0 ENDIF Timeframe(Daily,UpdateOnClose) // ADR Average Daily Range MyADR = average[20,0](range) // Timeframe(default) IF (Time = 000000) OR ((Time > 000000) AND (Time < Time[1])) THEN MyHI = high MyLO = low c1 = 0 ENDIF IF Time <= 142900 THEN MyHI = max(MyHI,high) MyLO = min(MyLO,low) MyRange = MyHI - MyLO c1 = ((MyRange / MyADR) * 100) < x //75 ENDIF IF Time >= 142900 AND c1 THEN BUY 0.2 Contract AT MyHI + y * pipsize STOP SELLSHORT 0.2 Contract AT MyLO - y * pipsize STOP SET TARGET pPROFIT PL //40 SET STOP pLOSS SL //80 ENDIF IF MyExit = 0 THEN IF (LongOnMarket AND (close - TradePrice) >= t * pipsize) OR (ShortOnMarket AND (TradePrice - close) >= tS * pipsize) THEN //27.5 37.5 MyExit = TradePrice ENDIF ENDIF IF MyExit > 0 THEN SELL AT MyExit STOP EXITSHORT AT MyExit STOP ENDIF //GraphOnPrice TradePrice coloured(0,0,255,255) //GraphOnPrice MyHI coloured(0,128,0,200) //GraphOnPrice MyLO coloured(255,0,0,255) //Graph close - TradePrice //Graph c1 //Graph MyADR //Graph MyRange

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  //------------------------------------------------------------------------- // Main code : ryd range box 1-2 min US30 DOW //------------------------------------------------------------------------- DEFPARAM CumulateOrders = FALSE Timeframe(default) ONCE PL = 130.0 ONCE SL = 60.0 ONCE t = 50.0 ONCE tS = 50.0 ONCE x = 40.0 ONCE y = 1.0 IF Not OnMarket THEN MyExit = 0 ELSE c1 = 0 ENDIF Timeframe(Daily,UpdateOnClose) // ADR Average Daily Range MyADR = average[20,0](range) // Timeframe(default) IF (Time = 000000) OR ((Time > 000000) AND (Time < Time[1])) THEN MyHI = high MyLO = low c1 = 0 ENDIF IF Time <= 142900 THEN MyHI = max(MyHI,high) MyLO = min(MyLO,low) MyRange = MyHI - MyLO c1 = ((MyRange / MyADR) * 100) < x //75 ENDIF IF Time >= 142900 AND c1 THEN BUY 0.2 Contract AT MyHI + y * pipsize STOP SELLSHORT 0.2 Contract AT MyLO - y * pipsize STOP SET TARGET pPROFIT PL //40 SET STOP pLOSS SL //80 ENDIF IF MyExit = 0 THEN IF (LongOnMarket AND (close - TradePrice) >= t * pipsize) OR (ShortOnMarket AND (TradePrice - close) >= tS * pipsize) THEN //27.5 37.5 MyExit = TradePrice ENDIF ENDIF IF MyExit > 0 THEN SELL AT MyExit STOP EXITSHORT AT MyExit STOP ENDIF //GraphOnPrice TradePrice coloured(0,0,255,255) //GraphOnPrice MyHI coloured(0,128,0,200) //GraphOnPrice MyLO coloured(255,0,0,255) //Graph close - TradePrice //Graph c1 //Graph MyADR //Graph MyRange

  it uses the DAILY TF to get the daily range.

   

  

  robertogozzi

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