Magic Trend strategy

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Author

Posts

09/16/2021 at 10:49 AM #177707 quote

Participant

Senior

Help Coding strategy

//==========================================================================================================
DEFPARAM CUMULATEORDERS = false
DEFPARAM PRELOADBARS = 10000

cciP = 20
atrP = 14
atrM = 1
smaP = 5
cciP   = max(1,min(999,cciP))
atrP   = max(1,min(999,atrP))
atrM   = max(0.0000001,min(999,atrM))
smaP   = max(1,min(999,smaP))
//
IF BarIndex > max(cciP,atrP) THEN
lastCCI = thisCCI
thisCCI = CCI[cciP](typicalPrice)
myATR   = AverageTrueRange[atrP](close)
//
temp1   = myATR * atrM
upT     = low  - temp1
downT   = high + temp1
//
temp2   = Average[smaP,0](myATR) * atrM
buffDN  = high + temp2
buffUP  = low  - temp2
//
IF (thisCCI >= 0) AND (lastCCI  < 0) THEN
buffUP = buffDN[1]
ENDIF
IF (thisCCI <= 0) AND (lastCCI  > 0) THEN
buffDN = buffUP[1]
ENDIF
IF (thisCCI >= 0) THEN
IF (buffUP < buffUP[1]) THEN
buffUP = buffUP[1]
ENDIF
ELSIF (thisCCI <= 0) THEN
IF (buffDN > buffDN[1]) THEN
buffDN = buffDN[1]
ENDIF
ENDIF
IF thisCCI >= 0 THEN
MagicTrend = buffUP
ELSIF thisCCI <= 0 THEN
MagicTrend = buffDN
ENDIF
ELSE
thisCCI    = 0
lastCCI    = 0
myATR      = 0
buffUP     = 0
buffDN     = 0
buffDN     = 0
buffUP     = 0
MagicTrend = 0
ENDIF


// Conditions to enter long positions
IF buffUP=1 THEN
BUY 1 CONTRACTS AT MARKET
SET STOP %LOSS 1 //sl=1
set target %profit 2 //TP=2
ENDIF

// Conditions to exit long positions
If buffDN=1 THEN
SELL AT MARKET
SET STOP %LOSS 1 //sl=1
set target %profit 2 //TP=2
ENDIF

Whats Wrong with this code?

09/16/2021 at 11:18 AM #177711 quote

GraHal

Participant

Master

Try below in place of your Lines 59 to 71 above …

Lng = Close crosses over buffUp
Sht = Close crosses under buffDn
 
// Conditions to enter long positions
IF Lng THEN
BUY 1 CONTRACTS AT MARKET
SET STOP %LOSS 1 //sl=1
set target %profit 2 //TP=2
ENDIF
 
// Conditions to exit long positions
If Sht THEN
SELLShort AT MARKET
SET STOP %LOSS 1 //sl=1
set target %profit 2 //TP=2
ENDIF

murre87 thanked this post

01/05/2023 at 8:32 PM #206854 quote

killerplatuze

Participant

New

Hi,

i wont buy or sell by a crossover, only if the trend is change.

If the trend goes down the i want have a sell signal, if the trend goes up i want have a buy signal.

If the color from the trend switch from green to red sell, from red to green buy.

I have no idea how to code this.

thx for help.

01/06/2023 at 4:25 PM #206903 quote

Razz

Participant

Master

Hello Killerplautze is just a simple code maybe it will help 😉

// Festlegen der Code-Parameter
DEFPARAM CumulateOrders = False // Kumulieren von Positionen deaktiviert

myMagicTrend = CALL "Magic Trend custom"[20, 9, 2, 5]
Gruen = myMagicTrend > myMagicTrend[1]
Rot = myMagicTrend < myMagicTrend[1]

// Verhindert das Trading an bestimmten Wochentagen
daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0

// Bedingungen zum Einstieg in Long-Positionen

IF Gruen AND not daysForbiddenEntry THEN
BUY 1 CONTRACT AT MARKET
ENDIF

// Bedingungen zum Ausstieg von Long-Positionen

IF Rot THEN
SELL AT MARKET
ENDIF

// Bedingungen zum Einstieg in Short-Positionen

IF Rot AND not daysForbiddenEntry THEN
SELLSHORT 1 CONTRACT AT MARKET
ENDIF

// Bedingungen zum Ausstieg aus Short-Positionen

IF gruen THEN
EXITSHORT AT MARKET
ENDIF

killerplatuze thanked this post

01/10/2023 at 6:11 PM #207193 quote

robertogozzi

Moderator

Legend

killerplatuze wrote:

i wont buy or sell by a crossover, only if the trend is change. If the trend goes down the i want have a sell signal, if the trend goes up i want have a buy signal. If the color from the trend switch from green to red sell, from red to green buy

This IS exactly what a crossover does, as @GraHal coded.
The code posted by @Razz , only checks when the Magic Trend rises or falls, not when a crossover occurs.

GraHal thanked this post