As an example, when I get a Buy signal (say caused by 2 moving averages crossing), I would like to enter the trade if the next bar’s price goes above the high of the signal bar (and enter the trade at that price not the open of the following bar)
The profit target would be lets say 2 * ATR(14) above the high of the signal bar.
The exit would be if the price crosses below the high of the signal bar – the ATR(14) at the time of the signal bar.
Lastly, I have borrowed part of this code from MattyJ (thank you). Using the money management code here, how do I code this so the trade size (I am spread betting) is 5% of the account size at the time of the trade?
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defparamcumulateorders=false
barquantity=5//how many bars to wait after a signal to open a new order
REM Money Management
Capital=1000// initial capital at launch of the strategy
I recognize the code we made recently in the Mattyj’s topic.
I understand your request about the changes to made to this code, but you did not mention if the elapsed bars after the MA cross conditions should be left or not?
Thank you for the very quick reply Nicolas. I’m not sure what you mean about the elapsed bars being left or not. Sorry if I wasn’t very clear. What I meant was the bar at which time the MAs cross is what I call the signal bar. This should be the reference point for the entry . So in an up trade the high of the signal bar would be the entry level and the take profit would be 2 ATRs above the high and the stop loss would be 1 ATR below the high.
After each trade the account size would be adjusted and the amount per point on the next trade would change based on the risk percentage stated.
ok I understand your strategy, but the code provided embed a lot more than a simple MA cross: it has condition about bars to wait before opening a trade after a cross and it has also 3 MA, not only 2. I’d rather start from scratch 🙂
So, to be sure: only 2 moving average and no need to wait X bars before launching orders? (apart from the fact that it is necessary to wait for a break of the High of the signal bar).
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