Hello i am new on here and have a moving average strategy i wish to put into an automated trading bot. It marrys up data on multiple timeframes.
Im a trader rather than programmer so i need help to do this, although i need to understand the programming side so i can play around with parameters.
The basic structure of the strategy is price to be above or below an SMA on the 4 hour and day timeframe and trade to be taken on a crossoveer of an SMA
on a 15 min timeframe. with a 1-3 risk reward ratio and a trailing stop loss.
I also want a condition on there where if the trigger candle is of a certaine (adjustable) size the trade will trigger on a pullback to 50% of this candle body
Could somebody please advise on how and where to start with this? I am also in the process of reading the manual but unfortunately still cant work out
where to start and the basic structure of how the programming should go.
Thanks,
Joe
There you go:
DEFPARAM CumulateOrders = false
Timeframe(Daily,UpdateOnClose)
SmaD = average[100,0](close)
//
Timeframe(4h,UpdateOnClose)
Sma4h = average[100,0](close)
//
Timeframe(15 Minute,UpdateOnClose)
Sma15m = average[100,0](close)
//
Timeframe(default)
L1 = close > SmaD
S1 = close < SmaD
L2 = close > Sma4h
S2 = close < Sma4h
L3 = close CROSSES OVER Sma15m
S3 = close CROSSES UNDER Sma15m
CondL = L1 and L2 and L3 and Not OnMarket
CondS = S1 and S2 and S3 and Not OnMarket
If CondL THEN
BUY 1 Contract AT Market
Elsif CondS THEN
SELLSHORT 1 Contract AT Market
ENDIF
set stop pLoss 100
set target pProfit 300
I forgot to add the trailing stop:
DEFPARAM CumulateOrders = false
Timeframe(Daily,UpdateOnClose)
SmaD = average[100,0](close)
//
Timeframe(4h,UpdateOnClose)
Sma4h = average[100,0](close)
//
Timeframe(15 Minute,UpdateOnClose)
Sma15m = average[100,0](close)
//
Timeframe(default)
L1 = close > SmaD
S1 = close < SmaD
L2 = close > Sma4h
S2 = close < Sma4h
L3 = close CROSSES OVER Sma15m
S3 = close CROSSES UNDER Sma15m
CondL = L1 and L2 and L3 and Not OnMarket
CondS = S1 and S2 and S3 and Not OnMarket
If CondL THEN
BUY 1 Contract AT Market
Elsif CondS THEN
SELLSHORT 1 Contract AT Market
ENDIF
set stop pLoss 100
set target pProfit 300
//************************************************************************
//trailing stop function
//
//by Nicolas
//(https://www.prorealcode.com/blog/trading/complete-trailing-stop-code-function/)
//
trailingstart = 20 //trailing will start @trailinstart points profit
trailingstep = 5 //trailing step to move the "stoploss"
//reset the stoploss value
IF NOT ONMARKET THEN
newSL=0
ENDIF
//manage long positions
IF LONGONMARKET THEN
//first move (breakeven)
IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN
newSL = tradeprice(1)+trailingstep*pipsize
ENDIF
//next moves
IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN
newSL = newSL+trailingstep*pipsize
ENDIF
ENDIF
//manage short positions
IF SHORTONMARKET THEN
//first move (breakeven)
IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THEN
newSL = tradeprice(1)-trailingstep*pipsize
ENDIF
//next moves
IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN
newSL = newSL-trailingstep*pipsize
ENDIF
ENDIF
//stop order to exit the positions
IF newSL>0 THEN
SELL AT newSL STOP
EXITSHORT AT newSL STOP
ENDIF
Hi thankyou for your quick response. This was the basic idea if my strategy,
I have taken the basic structure of what you posted to adapt to my full strategy
but it did not end up working, there are also a few faults with it i have
tried a few different things to get it working but have typed it out below so you can
see what i’m going for.
DEFPARAM CumulateOrders = false
Timeframe(Daily,UpdateOnClose)
sma501d = Average[50](close)
//
sma901d = Average[90](close)
//
sma2001d = Average[200](close)
//
Timeframe(4h,UpdateOnClose)
sma504h = Average[50](close)
//
sma904h = Average[90](close)
//
sma2004h = Average[200](close)
//
Timeframe(15 Minute,UpdateOnClose)
sma5015m = Average[50](close)
//
sma9015m = Average[90](close)
//
sma20015m = Average[200]
//
ema3415m = ExponentialAverage[33](close)
//
ema5515m = ExponentialAverage[55](close)
//
Timeframe(default)
L1 = sma501d > sma901d //I would like to adjust the distances between the moving averages in pips
S1 = sma501d < sma901d
L2 = sma901d > sma2001d
S2 = sma901d < sma2001d
L3 = sma504h > sma904h
S3 = sma504h < sma904h
L4 = sma904h > sma2004h
S4 = sma904h < sma2004h
L5 = sma5015m > sma9015m
S5 = sma5015m < sma9015m
L6 = sma9015m > sma20015m
S6 = sma9015m < sma20015m
L7 = close > sma501d
S7 = close < sma501d
L8 = close > sma901d
S8 = close < sma901d
L9 = close > sma2001d
S9 = close < sma2001d
L10 = close > sma504h
S10 = close < sma504h
L11 = close > sma904h
S11 = close < sma904h
L12 = close > sma2004h
S12 = close < sma2004h
L13 = close > sma9015m
S13 = close < sma9015m
L14 = close > sma20015m
S14 = close < sma20015m
L15 = close CROSSES OVER ema3415m and ema5515m and sma5015m [Crosses over all in same candle] // I need the trigger candle to have met this criteria within the close of one candle on default timeframe
S15 = close CROSSES UNDER ema3415m and ema5515m and sma5015m [Crosses over all in same candle] // I need the trigger candle to have met this criteria within the close of one candle on default timeframe
CondL = L1 and L2 and L3 and L4 and L5 and L6 and L7 and L8 and L9 and L10 and L11 and L12 and L13 and L14 and L15 Not OnMarket
CondS = S1 and S2 and S3 and S4 and S5 and S6 and S7 and S8 and S9 and S10 and S11 and S12 and S13 and S14 and S15 Not OnMarket
If CondL and condM THEN
BUY 1 Contract AT Market
Elsif CondS and CondT THEN
SELLSHORT 1 Contract AT Market
ENDIF
set stop pLoss 10
set target pProfit 30
The strategy goes as follows:
1 day timeframe:
50 sma > 90sma
90 sma > 200sma
close > 50sma
close > 90sma
close > 200sma
4 hour timeframe:
50 sma > 90sma
90 sma > 200sma
close > 50sma
close > 90sma
close > 200sma
15 min timeframe
50 sma > 90sma
90 sma > 200sma
close crosses over ema3415m and 5515m and sma5015m (crosses all within same candle on closing basis)
Buy 1-3 risk reward.
1 day timeframe:
50 sma < 90sma
90 sma < 200sma
close < 50sma
close < 90sma
close < 200sma
4 hour timeframe:
50 sma < 90sma
90 sma < 200sma
close < 50sma
close < 90sma
close < 200sma
15 min timeframe
50 sma < 90sma
90 sma < 200sma
close crosses under ema3415m and 5515m and sma5015m (crosses all within same candle on closing basis)
sell risk reward 1-3
I also need a condition putting on there where that if the signal candle exceeds 15 pips, the bot will only take a trade if the price retraces to 50% of this candle on the next candle only.
Thankyou for your help
kind regards
I apologize for the messy visual, i am new to this i tried to line this up as you would see it on the coding page
please let me know if you have any questions regarding it. Thank you
I have attempted to order the programming i have for clearer reading. I hope this works
DEFPARAM CumulateOrders = false
Timeframe(Daily,UpdateOnClose)
sma501d = Average[50](close)
//
sma901d = Average[90](close)
//
sma2001d = Average[200](close)
//
Timeframe(4h,UpdateOnClose)
sma504h = Average[50](close)
//
sma904h = Average[90](close)
//
sma2004h = Average[200](close)
//
Timeframe(15 Minute,UpdateOnClose)
sma5015m = Average[50](close)
//
sma9015m = Average[90](close)
//
sma20015m = Average[200]
//
ema3415m = ExponentialAverage[33](close)
//
ema5515m = ExponentialAverage[55](close)
//
Timeframe(default)
L1 = sma501d > sma901d //I would like to be able to adjust the
S1 = sma501d < sma901d distances between the moving averages in pips
L2 = sma901d > sma2001d
S2 = sma901d < sma2001d
L3 = sma504h > sma904h
S3 = sma504h < sma904h
L4 = sma904h > sma2004h
S4 = sma904h < sma2004h
L5 = sma5015m > sma9015m
S5 = sma5015m < sma9015m
L6 = sma9015m > sma20015m
S6 = sma9015m < sma20015m
L7 = close > sma501d
S7 = close < sma501d
L8 = close > sma901d
S8 = close < sma901d
L9 = close > sma2001d
S9 = close < sma2001d
L10 = close > sma504h
S10 = close < sma504h
L11 = close > sma904h
S11 = close < sma904h
L12 = close > sma2004h
S12 = close < sma2004h
L13 = close > sma9015m
S13 = close < sma9015m
L14 = close > sma20015m
S14 = close < sma20015m
L15 = close CROSSES OVER ema3415m and ema5515m and sma5015m
[Crosses over all in same candle on closing basis]
// I need the trigger candle to have met this criteria within the close of one
candle on default time frame
S15 = close CROSSES UNDER ema3415m and ema5515m and sma5015m
[Crosses over all in same candle on closing basis]
CondL = L1 and L2 and L3 and L4 and L5 and L6 and L7 and L8 and L9 and L10
and L11 and L12 and L13 and L14 and L15 Not OnMarket
CondS = S1 and S2 and S3 and S4 and S5 and S6 and S7 and S8 and S9 and S10
and S11 and S12 and S13 and S14 and S15 Not OnMarket
If CondL and condM THEN
BUY 1 Contract AT Market
Elsif CondS and CondT THEN
SELLSHORT 1 Contract AT Market
ENDIF
set stop pLoss 10
set target pProfit 30
Then the condition where if the trigger candle exceeds 15 pips (an adjustable value)
the bot will take a trade if the price pulls back to 50% or more of the next candle Only.
Thank you for your support
here is a clear description of the strategy in case above isn’t clear
1 day timeframe:
50 sma > 90sma
90 sma > 200sma
close > 50sma
close > 90sma
close > 200sma
4 hour timeframe:
50 sma > 90sma
90 sma > 200sma
close > 50sma
close > 90sma
close > 200sma
15 min timeframe
50 sma > 90sma
90 sma > 200sma
close crosses over ema3415m and 5515m and sma5015m (crosses all within same candle on closing basis)
Buy 1-3 risk reward.
and the opposite for a sell.
