Magical Trend strategy question

• 06/28/2023 at 1:56 PM #216925
  MartinB

  Hi Nicolas,

  Although the discussion was in the French community, I have to continue here as I cannot  write in French

  I really like your magical trend, but I’m puzzled with the number of trades its making when I use your strategy with the trailing stop.

  You will find it at the end.

  I made the walk forward testing and it gives very good results in the 15 minutes and 30 minutes timeframes with a trailing stop of 5 pips.

  However the number of trades in the IG version of Prorealtime, it is very high and very costly due to the spread.

  Is it an IG issue making a real trade every time when the stop is changed, or is it a matter of coding?

  Thanks for your help

  Martin Bakelaar

  // Définition des paramètres du code DEFPARAM CumulateOrders = false // Cumul des positions désactivé // System closes all orders at 00.00 No new orders allowed until "FLATBEFORE" time DEFPARAM FLATBEFORE = 080000 // Cancel all orders and close all positions at "FLATAFTER" Time DEFPARAM FLATAFTER = 171500 // No new orders or enlarging position before noEntryBeforeTime = 080000 timeEnterBefore = time >= noEntryBeforeTime // No new orders or enlarging positions after noEntryAfterTime = 163000 timeEnterAfter = time < noEntryAfterTime // Conditions pour ouvrir une position acheteuse indicator1 = CALL "MAGICAL TREND"[25, 2](close) c1 = (close > indicator1) IF c1 AND timeEnterBefore AND timeEnterAfter and not longonmarket THEN BUY 1 CONTRACT AT MARKET be = 0 ENDIF // Conditions pour ouvrir une position en vente à découvert indicator2 = CALL "MAGICAL TREND"[25,2](close) c2 = (close < indicator2) IF c2 AND timeEnterBefore AND timeEnterAfter and not shortonmarket THEN SELLSHORT 1 CONTRACT AT MARKET be=0 ENDIF // Stops en targets if be = 0 and close-tradeprice>=5*pointsize then set stop breakeven be = 1 else set stop ptrailing 5 endif

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40

  // Définition des paramètres du code DEFPARAM CumulateOrders = false // Cumul des positions désactivé // System closes all orders at 00.00 No new orders allowed until "FLATBEFORE" time DEFPARAM FLATBEFORE = 080000 // Cancel all orders and close all positions at "FLATAFTER" Time DEFPARAM FLATAFTER = 171500   // No new orders or enlarging position before noEntryBeforeTime = 080000 timeEnterBefore = time >= noEntryBeforeTime   // No new orders or enlarging positions after noEntryAfterTime = 163000 timeEnterAfter = time < noEntryAfterTime   // Conditions pour ouvrir une position acheteuse indicator1 = CALL "MAGICAL TREND"[25, 2](close) c1 = (close > indicator1)   IF c1 AND timeEnterBefore AND timeEnterAfter and not longonmarket THEN BUY 1 CONTRACT AT MARKET be = 0 ENDIF   // Conditions pour ouvrir une position en vente à découvert indicator2 = CALL "MAGICAL TREND"[25,2](close) c2 = (close < indicator2)   IF c2 AND timeEnterBefore AND timeEnterAfter and not shortonmarket THEN SELLSHORT 1 CONTRACT AT MARKET be=0 ENDIF   // Stops en targets if be = 0 and close-tradeprice>=5*pointsize then set stop breakeven be = 1 else set stop ptrailing 5 endif

   

  

  MartinB

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  06/28/2023 at 2:17 PM #216926
  phoentzs

  A “ptrailing 5” in a 15 minute time frame definitely doesn’t work and just embellishes the backtest.

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  MartinB

  

  phoentzs

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  08/05/2023 at 1:06 PM #218625
  MartinB

  I’m  using  the above Magical Trend strategy in the 1 hour timeframe with a trailing stop of 8 pips and it gives good results.

  In an hour a lot can change and the Magical Trend strategy is lagging, therefore I want to add the signals of the MACD in the 15 min timeframe.

  Buy when Close > “Magical Trend” in 1 hour TF and MACD – MACD Signal Line > 0 in 15 min TF

  Sell when Close < “Magical Trend” in 1 hour TF and MACD – MACD Signal Line < 0 in 15 min TF

  Would someone be willing to help me to add the right programming of the MACD in the 15 min TF, to my strategy.

  Thanks in advance

  

  MartinB

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  08/08/2023 at 9:40 AM #218721
  Nicolas

  Here is the strategy code modified to add the MACD zero line cross to trigger the order:  (not tested)

  // Définition des paramètres du code DEFPARAM CumulateOrders = false // Cumul des positions désactivé // System closes all orders at 00.00 No new orders allowed until "FLATBEFORE" time DEFPARAM FLATBEFORE = 080000 // Cancel all orders and close all positions at "FLATAFTER" Time DEFPARAM FLATAFTER = 171500 // No new orders or enlarging position before noEntryBeforeTime = 080000 timeEnterBefore = time >= noEntryBeforeTime // No new orders or enlarging positions after noEntryAfterTime = 163000 timeEnterAfter = time < noEntryAfterTime timeframe(15 minutes,updateonclose) // Conditions pour ouvrir une position acheteuse indicator1 = CALL "MAGICAL TREND"[25, 2](close) c1 = (close > indicator1) // Conditions pour ouvrir une position en vente à découvert indicator2 = CALL "MAGICAL TREND"[25,2](close) c2 = (close < indicator2) timeframe(default) imacd=macd[12,26,9] IF c1 and imacd crosses over 0 AND timeEnterBefore AND timeEnterAfter and not longonmarket THEN BUY 1 CONTRACT AT MARKET be = 0 ENDIF IF c2 and imacd crosses under 0 AND timeEnterBefore AND timeEnterAfter and not shortonmarket THEN SELLSHORT 1 CONTRACT AT MARKET be=0 ENDIF // Stops en targets if be = 0 and close-tradeprice>=5*pointsize then set stop breakeven be = 1 else set stop ptrailing 5 endif

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43

  // Définition des paramètres du code DEFPARAM CumulateOrders = false // Cumul des positions désactivé // System closes all orders at 00.00 No new orders allowed until "FLATBEFORE" time DEFPARAM FLATBEFORE = 080000 // Cancel all orders and close all positions at "FLATAFTER" Time DEFPARAM FLATAFTER = 171500   // No new orders or enlarging position before noEntryBeforeTime = 080000 timeEnterBefore = time >= noEntryBeforeTime   // No new orders or enlarging positions after noEntryAfterTime = 163000 timeEnterAfter = time < noEntryAfterTime   timeframe(15 minutes,updateonclose) // Conditions pour ouvrir une position acheteuse indicator1 = CALL "MAGICAL TREND"[25, 2](close) c1 = (close > indicator1) // Conditions pour ouvrir une position en vente à découvert indicator2 = CALL "MAGICAL TREND"[25,2](close) c2 = (close < indicator2)   timeframe(default) imacd=macd[12,26,9]   IF c1 and imacd crosses over 0 AND timeEnterBefore AND timeEnterAfter and not longonmarket THEN BUY 1 CONTRACT AT MARKET be = 0 ENDIF   IF c2 and imacd crosses under 0 AND timeEnterBefore AND timeEnterAfter and not shortonmarket THEN SELLSHORT 1 CONTRACT AT MARKET be=0 ENDIF   // Stops en targets if be = 0 and close-tradeprice>=5*pointsize then set stop breakeven be = 1 else set stop ptrailing 5 endif

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  KumoNoJuzza

  

  Nicolas

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  08/08/2023 at 10:31 AM #218726
  MartinB

  Thanks for your great help Nicolas, I will test it and come back to you.

  

  MartinB

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  08/08/2023 at 10:43 PM #218751
  MartinB

  Dear Nicolas,

  The strategy is working in the 15 minute time frame, but not in the 1 hour time frame as I was hoping for.

  Maybe I expressed myself wrong, or I’m doing something wrong..

  I’m using the Magical Trend Strategy in the 1 hour time frame as default with Pro Order auto trading

  At the start of each hourly bar, the Magical Trend Strategy is buying or selling depending on the trend.

  At the the start of each new hourly bar the Magical Trend Strategy should have an extra condition

  This extra condition is (MACD – MACD Signal line) in the 15 min time frame

  When Magical Trend in the 1 hour time frame and (MACD – MACD Signal line) in the 15 min time frame are in line, a position should be taken

  In other words, when Magical Trend is positive in the 1 hour time frame, but (MACD- MACD Signal) is negative (<0) in the 15 min Time Frame, no new long position should be taken.

  Hope you can explain it to me

  Thanks Nicolas

  

  MartinB

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  08/09/2023 at 12:00 PM #218816
  Nicolas

  Sorry my bad, change line 16 with:

  timeframe(1 hour,updateonclose)

  1	timeframe(1 hour,updateonclose)

  Orders will trigger on MACD cross of the default timeframe (the one you are lauching the strategy on) with line 0, otherwise if you are just testing if >0 and <0, you’ll get plenty of orders because that conditions will be fulfilled for a long period of time.

  But, it could be changed of course..!

  

  Nicolas

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  08/09/2023 at 11:59 PM #218872
  MartinB

  Dear Nicolas, thanks for your help again.

  Unfortunately it is not working what I have in mind.

  Let me try again:

  I trade in the 1 hour TF, but want to test on >0 and <0 in the 15 min TF, but only at the close/open of  the 1 hour bar

  When your magical trend in the 1 hour TF makes a buy order at the close/open of the 1 hour bar, but the MACD in 15 TF is <0 on the top of the hour, the buy order should not take place.

  In this case you should have less orders

  I hope my explanation is more clear, but I’m not sure whether this is possible.

  Thanks again Nicolas

   

  

  MartinB

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  08/10/2023 at 8:54 AM #218889
  robertogozzi

  In lines 27 and 32 you can add this condition:

  AND (OpenMinute = 0)

  1	AND (OpenMinute = 0)

  

  robertogozzi

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  08/10/2023 at 12:08 PM #218902
  MartinB

  Thanks Roberto, I will test later today

  

  MartinB

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  08/10/2023 at 9:51 PM #218919
  MartinB

  Dear Robert, Nicolas, thank you both for the help given, its working like I had in mind.

  There is only a minor issue, the strategy is taking the position not at the start of the 1 hour bar, but 15 min after

  Is this something that can be adjusted?

  Thanks again.

  Martin

   

  

  MartinB

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  08/11/2023 at 9:25 AM #218929
  robertogozzi

  It’s because the order is placed when the 00-minute candle closes, therefore the entry is at minute 15.

  You may change the line I suggested, replacing 0 with 45:

  AND (OpenMinute = 45)

  1	AND (OpenMinute = 45)

  

  robertogozzi

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  08/11/2023 at 9:39 AM #218931
  MartinB

  Thanks a lot Roberto, understand the logica now and will test with various options.

  Best regards Martin

  

  MartinB

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