How to compare next signal price to previous signal price
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In the attached chart for manual trading i applied buy and sell conditions , but got the highest loss at where the buy signal was at 1.38 and sell signal at 1.36.
Now i want to limit or eliminate the losses by programming in which next signal price will be checked and compare with previous signal price to confirm its favourability before proceeding.
In effect i want to be able to compare 1.36 at sell to 1.38 at buy, if sell > buy proceed else wait till condition if favourable.
Thanks in advance.
Many thanks for the information.
Based on your recommendation i have set trailing stop which have improved the results significantly.
But i have tried to use different timeframes with different Time periods in the past but unfortunately the setup for historical time periods are inactive, meaning am not able to backtest for time periods in last year or 2 years ago as shown in the attached screenshot , are you able to help me rectify this?.
For your 2nd recommendation “enter only on the second signal when TWO consecutive signals show, you can easily check THE current signal + the signal on the PRIOR candle. If they are equal then enter.” are you please able to provide sample code or a clue as to how i write this code.
Regards.
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This topic contains 3 replies,
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4 years, 6 months ago.
Topic Details
| Forum: | ProOrder: Automated Strategies & Backtesting |
| Language: | English |
| Started: | 08/08/2021 |
| Status: | Active |
| Attachments: | 2 files |
