How to Code for Cross of Coloured Line for ATR TRAIL STOP FIX

Viewing 8 posts - 1 through 8 (of 8 total)
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  • 09/27/2019 at 2:38 PM #108676 quote
    s00071609
    Participant
    Senior

    I tried this indicator to trail stop. Problem i am facing is that, when there is a trend change, say from bullish to bearish. For example, In a short entry – I get stopped out when price moves back and touches the support line of Bullish Trend. While the purpose of stop is to sell when the BEARISH upper line is crossed (when short in market), positions get stopped out at start of the trend. I think this is unintended consequence. I tried similar another indicator, same thing happens. How would be possible to BUY only when RED line above is crossed in Short Entry and Bottom Green line when Long?

    https://www.prorealcode.com/prorealtime-indicators/another-atr-trailing-stop/

    There are two colours for Bear and Bull trends. Now i need the code to test if the price crossed the RED Resistance Line or Green Support line.

    ts= Call "ATR STOP2"
IF SHORTONMARKET AND abs(CLOSE-TS)>SL AND close > TS THEN
BUY AT MARKET
ENDIF

    I need the above code to start work only when the upper red line is crossed – at the moment above triggers even when the bottom line is crossed in SHORT position

     

    Any help would be great

     

    Thanks

    09/30/2019 at 9:42 AM #108873 quote
    Nicolas
    Keymaster
    Master

    Change the last line of the indicator to return the trend variable:

    return ts coloured(r,g,0) style(line,3), trend as "current trend"

    In the strategy test if the trend variable is different from the previous and in which direction it is:

    defparam cumulateorders=false

ignored, trend= Call "ATR STOP2"

if trend<>trend[1] then 
 if trend>0 then //bullish
  buy at market 
 endif 
 if trend<0 then //bearish 
  sellshort at market 
 endif 
endif
    09/30/2019 at 12:53 PM #108913 quote
    s00071609
    Participant
    Senior

    Hi Nicolas

    Thank you. I wanted to use the indicator as a Trailing STOP. Above code seems to be placing orders every time it turns bullish

    When Long I wanted to trigger SELL order when price crosses below the Green Line

    When Short, BUY Order when Price moves above the RED Line.

    Do i need to modify the code above?

    09/30/2019 at 2:07 PM #108920 quote
    Nicolas
    Keymaster
    Master

    ok so you still need to modify the indicator’s code and use that example in your strategy:

    ts, trend= Call "ATR STOP2"

if longonmarket and trend>0 then 
 sell at ts stop 
endif

if shortonmarnet and trend<0 then 
 exitshort at ts stop
endif

    Now, the code put pending STOP Orders on the indicator line, but only if it is green when you are long on market and if it is red when you are short on market.

    09/30/2019 at 3:38 PM #108931 quote
    s00071609
    Participant
    Senior

    Thanks I will try the code.

    With these Trailing stop, why would Pro Order open a new order as soon as previous order is closed?

    As you can see in the screen shot – it opens the order and closes immediately at same price. I am new to Pro real time, but this looks odd.

    The code i am using is SHORT ONLY – no long trades.

    I have the code for trailing stop, with Buy at Market when prices crosses the trail resistance.

     

    Could you please help sort this out

     

    Thanks

    Paresh

    Screenshot_5-5.png Screenshot_5-5.png
    09/30/2019 at 7:48 PM #108946 quote
    s00071609
    Participant
    Senior

    Hi,

    I am trying this code but i am not sure why it is just stopping out where it should not be

    I am using ATR stop for 4 hour which should give it wider stop.

    I have attached 1 hour TF where the code was run, even there its not the right place for stop.

    But I am using 4 hr TF (Screenshot attached, it should not be stopped there)

    I have been trying to fix this very issue

    Note that: If i comment the Trail Stop Codes, it does not get stopped out.

    I am long and I cannot see why it would stop out immediately after trade. It does work fine in some sections.

     

    Timeframe (4 Hour)
ts, trend= Call "ATR STOP2"

if longonmarket and trend>0 then
sell at ts stop
endif

if shortonmarket and trend<0 then
exitshort at ts stop
endif
    4hour.png 4hour.png ATR-STop.png ATR-STop.png
    10/01/2019 at 7:38 AM #108958 quote
    Nicolas
    Keymaster
    Master

    Could you explain me in details and with pictures if possible what is the strategy you are looking at please? A step by step listing of possible entries and exit, thanks in advance.

    10/03/2019 at 12:39 PM #109185 quote
    s00071609
    Participant
    Senior

    Hi Nicolas

    I am using Stochastic Cross Over. So if stochastic crosses over in Daily TF and then we get cross in Hourly TF, there is an entry. Usually, with this strategy, the signal is received before the trend turns bullish – in this case, the price is below the ATR line.

    I opened this thread because of this particular issue. I was told that using Colour would solve this issue.

    The code above works in most cases, but in this type of scenario it is not working. Usually, the place it stops out is the start of a huge trend.

    I have tested this by commenting the ATR Trailing Code, and it works and it does not get stopped out as soon as i comment the lines. So, I am sure that its due to the ATR stop used in the code that is resulting in it being stopped out at wrong place. It should stop only if the bottom support is breached. In this case as image clearly shows, the bottom is not breached.

     

    I hope we can sort this problem. Let me know if you need further information.

    ATRStopIssue.png ATRStopIssue.png
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How to Code for Cross of Coloured Line for ATR TRAIL STOP FIX


ProOrder: Automated Strategies & Backtesting

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s00071609 @s00071609 Participant
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This topic contains 7 replies,
has 2 voices, and was last updated by s00071609
6 years, 5 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 09/27/2019
Status: Active
Attachments: 4 files
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