Take trades only in the direction of the trend code needed

• 05/23/2019 at 9:49 PM #99283
  mrmo1001

  Help with Pro Backtest

  Hi, I have created a simple piece of code for trial in pro backtest on the 2 min GBP/USD chart.

  I would now like the programme to take trades only in the direction of the trend. Would anybody

  be able to tell me what a line of code would look like to perform this command?

  Also the current results report has a gain to loss ratio of 1.42 and a ‘win %’ of 42%, is this any good?

  Thanks

  Steve

   

  

  mrmo1001

  Participant

  Topics: 2

  Replies: 1

  Been thanked: 0 times
  05/24/2019 at 10:39 AM #99337
  Vonasi

  Welcome to the forums.

  There are a few basic rules that you need to follow when posting. Two of these rules you have not adhered to with your first post.

  • Give your topic a meaningful title that describes the subject and not something meaningless like ‘Help with Pro Backtest’.
  • Post in the correct forum section. You posted in the ProBuilder section which is for indicator subjects. ProOrder forum is for auto strategy questions.

  I have changed your title and I have moved your post.

  

  Vonasi

  Moderator

  Topics: 192

  Replies: 5088

  Been thanked: 1812 times
  05/24/2019 at 10:46 AM #99338
  Vonasi

  To answer your questions:

  Measuring trend can be done in millions of ways and no one way is correct. Trend can be whatever you want it to be – a long term trend might be up and a short term trend down and a medium term trend sideways. They are all a market trend but which one is the correct one to tell us what is likely to happen next is anyone’s guess.

  As for win ratios and win rates only you can decide what levels you are happy with. To some traders a win rate of 1% might be acceptable as long as those 1% of wins are very very big wins. To others anything less than 99% win rate makes them uncomfortable and they would rather win a penny 99% of the time. At the end of the day if the strategy makes a profit and not a loss then the win ratio and win rate are good enough. You just have to work out what you are psychologically able to live with and that is your own trading style is.

  

  Vonasi

  Moderator

  Topics: 192

  Replies: 5088

  Been thanked: 1812 times
• Author
  Posts