IDNR4 STRATEGY

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  • 06/16/2017 at 1:58 PM #38448 quote
    enzo_52
    Participant
    Senior

    HI , I wanted to ask SOMEONE, if I’m not too disturbed, TO SOMEONE GOOD IN the break-out strategies, if you could tell me how to modify the following code of a TS on the IDNR4 pattern,the TS goes long to overcome of candle -high ,and sellshort to inverse conditions, but IDRN4 writer says that if we enter long (or shortsell) and prices go-back and break the minimum of the same set- Up candle the system close the trade long and open sell-short , the author says it could have up to 3 false breaks after which the Ts goes flat

     

    THANKS

     

    ID = high<high[1] and low>low[1]
rang = range
NR4 = rang<range[1] and rang<range[2] and rang<range[3]

if NR4 then
test = 1
hh = highest[4](high)
ll = lowest[4](low)
endif

if test = 1 then
BUY 1 SHARE AT hh STOP
SELL 1 SHARE AT ll STOP
endif

if longonmarket then
SELL AT ll STOP
test = 0
elsif shortonmarket then
EXITSHORT AT hh STOP
test = 0
endif
    12/11/2020 at 2:40 AM #153301 quote
    robertogozzi
    Moderator
    Master

    I just read this topic.

    Line 5 should be replaced by:

    if ID and NR4 then

    In any case, this is the correct code, modified as you requested, no more than 3 trades until a new patterns occurs. I also added a Target Profit equal to the range HH-LL  (not tested):

    DEFPARAM CumulateOrders = false
ID   = high<high[1] and low>low[1]
NR4  = range<range[1] and range<range[2] and range<range[3]
if ID and NR4 then
   count = 0
   hh    = highest[4](high)
   ll    = lowest[4](low)
endif
If StrategyProfit <> StrategyProfit[1] then
   count = count + 1
endif
if count < 3 then
   If not LongOnMarket THEN
      BUY       1 SHARE AT hh STOP
   Elsif not ShortOnMarket THEN
      SELLSHORT 1 SHARE AT ll STOP
   Endif
   SET TARGET PROFIT hh - ll
endif
    GraHal thanked this post
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IDNR4 STRATEGY


ProOrder: Automated Strategies & Backtesting

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enzo_52 @enzo_52 Participant
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This topic contains 1 reply,
has 2 voices, and was last updated by robertogozzi
5 years, 2 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 06/16/2017
Status: Active
Attachments: No files
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