Initial balance condition

• 09/14/2021 at 12:00 PM #177547
  egyptiantrader

  Hi. I’ve edited some code I found on here to create a simple initial balance indicator “Balance 15m NASDAQ”. See below.

  //15 min Time frame
  //Initial Ballance calculation
  //First Hour in the morning form 8:00-9:00 GMT+1 on DAX

  starttime = 143000
  endtime = 153000

  If Time = endtime then
  upper=highest[4](high)
  lower=lowest[4](low)
  dif=round(abs(lower-upper))

  endif

  RETURN dif

   

  I want to use the following code as another condition before entering a trade

  //Initial balance
  myBalance15mNASDAQ = CALL “Balance 15m NASDAQ”
  c9 = (myBalance15mNASDAQ <50)

  But when I back test the results are unaffected? Even when I change to <5 for example?

  What am I doing wrong please?

   

  Tried it like this too, same result?

  //Initial balance
  myBalance15mNASDAQ = CALL “Balance 15m NASDAQ”

  //Conditions to enter long positions
  indicator1 = ExponentialAverage[7.8](close)
  indicator2 = ExponentialAverage[12.6](close)
  c1 = (indicator1 CROSSES OVER indicator2)

  IF c1 AND myBalance15mNASDAQ <50 AND not daysForbiddenEntry THEN
  BUY 0.5 CONTRACT AT MARKET
  ENDIF

   

   

  

  egyptiantrader

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  09/14/2021 at 3:28 PM #177561
  robertogozzi

  My code works fine.

  Indicator:

  // MyInd indicator //15 min Time frame //Initial Ballance calculation //First Hour in the morning form 8:00-9:00 GMT+1 on DAX starttime = 143000 endtime = 153000 If Time = endtime then upper=highest[4](high) lower=lowest[4](low) dif=round(abs(lower-upper)) endif RETURN dif

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  //     MyInd indicator //15 min Time frame //Initial Ballance calculation //First Hour in the morning form 8:00-9:00 GMT+1 on DAX starttime = 143000 endtime   = 153000 If Time = endtime then    upper=highest[4](high)    lower=lowest[4](low)    dif=round(abs(lower-upper)) endif RETURN dif

  Strategy:

  //Initial balance myBalance15mNASDAQ = CALL "MyInd" //Conditions to enter long positions indicator1 = ExponentialAverage[7.8](close) indicator2 = ExponentialAverage[12.6](close) c1 = (indicator1 CROSSES OVER indicator2) IF c1 AND myBalance15mNASDAQ <50 AND not OnMarket THEN BUY 0.5 CONTRACT AT MARKET ENDIF set target pProfit 100 set stop ploss 100 graph myBalance15mNASDAQ

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  //Initial balance myBalance15mNASDAQ = CALL "MyInd"   //Conditions to enter long positions indicator1 = ExponentialAverage[7.8](close) indicator2 = ExponentialAverage[12.6](close) c1 = (indicator1 CROSSES OVER indicator2)   IF c1 AND myBalance15mNASDAQ <50 AND not OnMarket THEN    BUY 0.5 CONTRACT AT MARKET ENDIF set target pProfit 100 set stop ploss 100 graph myBalance15mNASDAQ

  I think your code actually opened a trade, but it was left open as no SL or TP were planned (test it again and check among opened orders).
  Adding SL and TP should work it out.

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  egyptiantrader

  

  robertogozzi

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  09/14/2021 at 7:06 PM #177580
  egyptiantrader

  Thank you.

  Did you have to change anything? I’ll have a go at inserting your code tomorrow. This is only a section of the code, I have a SL set and exit parameters too further down.

   

  Thanks again I really appreciate this, I’m very new to this with lots to learn .

  

  egyptiantrader

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  09/14/2021 at 10:34 PM #177586
  egyptiantrader

  I’ve got it working as part of my algo now. I’m not sure why it wasn’t working originally? Must have been syntax?

  Thanks again.

  

  egyptiantrader

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  10/18/2021 at 10:18 AM #179852
  juju333

  Hi there,

  I’ve tried a very close piece of code, but can’t manage to open a position. It might be easy however. Any adea ? thanks for your help.

  IB break

  DEFPARAM CumulateOrders = False // Cumul des positions désactivé //Settings once IBup=0 once IBdown=0 starttime = 080500 endtime = 090000 If Time = endtime then IBup = highest[12](high) IBdown = lowest[12](low) IBdif = IBup - IBdown IBp100 = IBup + IBdif IBp200 = IBup + IBdif + IBdif IBm100 = IBdown - IBdif IBm200 = IBdown - IBdif - IBdif Endif If not onmarket and time >=090500 and Time <=153000 and close CROSSES OVER IBup then BUY 1 CONTRACT AT MARKET SET STOP LOSS IBdif SET TARGET PROFIT IBdif ENDIF

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  DEFPARAM CumulateOrders = False // Cumul des positions désactivé      //Settings once IBup=0 once IBdown=0 starttime = 080500 endtime = 090000 If Time = endtime then IBup = highest[12](high) IBdown = lowest[12](low) IBdif = IBup - IBdown IBp100 = IBup + IBdif IBp200 = IBup + IBdif + IBdif IBm100 = IBdown - IBdif IBm200 = IBdown - IBdif - IBdif Endif   If not onmarket and time >=090500 and Time <=153000 and close CROSSES OVER IBup then BUY 1 CONTRACT AT MARKET SET STOP LOSS IBdif SET TARGET PROFIT IBdif ENDIF

   

   

  

  juju333

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  10/18/2021 at 10:37 AM #179858
  egyptiantrader

  Everything looks ok to me. Maybe try removing the “>=090500 and Time <=153000″ and maybe use “close > IBup” instead of “close CROSSES OVER IBup”

  I’m very new to this, so this is my best guess.

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  juju333

  

  egyptiantrader

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