Help to code basic stochastic strategy

• 11/27/2018 at 9:22 AM #85799
  pasopvirpot

  Hi from complete ProRealTime noob. Have started watching the training videos and hope to contribute in the near future.

  Could someone assist with the code for a very simply strategy to play around with.

  Enter: When stochastics reaches a certain level, e.g. 95

  Exit: TP 1 x atr and SL 1 x atr

  

  pasopvirpot

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  11/27/2018 at 9:50 AM #85801
  Vonasi

  Welcome to the forums.

  Please try to post in the correct forum with future topics. I have moved your post to the ProOrder forums which is the best place to find strategy coding solutions.

  

  Vonasi

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  11/27/2018 at 10:19 AM #85809
  Vonasi

  A little more detail on the exact strategy might be helpful to save someone the time writing something that is not what you exactly have in mind. Stochastic settings, average true range period, single position or multiple positions held, do you want the ATR stop and target to be adjusted at each bar closure or fixed at the levels when a trade is opened etc etc?

  

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  11/27/2018 at 10:52 AM #85811
  pasopvirpot

  Apologies Vonasi, and thanks for moving the post to correct forum.

  I have managed to create some simple code using the “Simplified Creation” tool, just to get familiar with the backtesting tool. Just entered fixed TP and SL points for now.

  I am testing the strategy on the South Africa 40 Cash Index.

  The very basic strategy is that when stochastic goes below a certain level, e.g. 20, price will typically continue in the same direction for a few more points (ie becoming more oversold). Also will play around with the code once it is working properly to test many different strategies just based on the stochastic indicator and different R:R.

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated // Conditions to enter long positions indicator1 = Stochastic[14,3](close) c1 = (indicator1 <= 20) IF c1 THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF // Stops and targets SET STOP pLOSS 200 SET TARGET pPROFIT 200

  1 2 3 4 5 6 7 8 9 10 11 12 13 14

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated   // Conditions to enter long positions indicator1 = Stochastic[14,3](close) c1 = (indicator1 <= 20)   IF c1 THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF   // Stops and targets SET STOP pLOSS 200 SET TARGET pPROFIT 200

  For now my three challenges:

  a. When I enter a “Spread” to be taken into account, the number of trades become significantly less, not sure why this is happening?

  b. I would like to add some code to only allow trades during certain timeframes, e.g. when the ALSI market is open from 08:30 – 17:30 GMT+2

  c. Need to add a reset level, otherwise it could open trades if TP or SL reached while stochastic is still below the entry level

  

  pasopvirpot

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  11/27/2018 at 11:25 AM #85814
  Vonasi

  c1 = Stochastic[14,3](close) <= 20 c2 = time >= 083000 and time < 173000 if tradeon and Stochastic[14,3](close) > 20 then tradeon = 0 endif IF not onmarket and c1 and c2 and not tradeon THEN SELLSHORT 1 CONTRACT AT MARKET tradeon = 1 ENDIF sltplevel = averagetruerange[14] SET STOP pLOSS sltplevel SET TARGET pPROFIT sltplevel

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16

  c1 = Stochastic[14,3](close) <= 20 c2 = time >= 083000 and time < 173000   if tradeon and Stochastic[14,3](close) > 20 then tradeon = 0 endif IF not onmarket and c1 and c2 and not tradeon THEN SELLSHORT 1 CONTRACT AT MARKET tradeon = 1 ENDIF sltplevel = averagetruerange[14]   SET STOP pLOSS sltplevel SET TARGET pPROFIT sltplevel

  Maybe the above is something like what you want? It resets to trade again when the stochastic returns over 20.

  I would suggest using GRAPH to show the TIME and/or C2 to double check it is trading when you actually want it to.

  I have put in an ATR stop which will change the stop and target levels at each bar close. Move lines 13 to 16 to within your IF THEN SELLSHORT ENDIF section of code to have it fixed at the ATR at the time of the conditions being met.

  I’m not sure why the spread should effect your trade quantity.

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  pasopvirpot

  

  Vonasi

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  11/27/2018 at 11:34 AM #85815
  GraHal

  pasopvirpot wrote:

  When I enter a “Spread”

  where are you entering “Spread” … in your code (post an example) or in the box that gets ticked and is called Spread?

  

  GraHal

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  11/27/2018 at 11:42 AM #85817
  pasopvirpot

  I am ticking the box “Spread” and entering the typical point spread in this market

  

  pasopvirpot

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  11/27/2018 at 11:57 AM #85818
  pasopvirpot

  Thanks a lot for the help Vonasi!

  

  pasopvirpot

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  11/27/2018 at 12:08 PM #85819
  Vonasi

  pasopvirpot wrote:

  Thanks a lot for the help Vonasi!

  No problem – I hope it helps.

  Just click on the ‘Thanks’ button in any future posts where you want to thank someone and it will be highlighted on their post and give them a warm fuzzy glow inside! 🙂

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  Inertia, pasopvirpot

  

  Vonasi

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