Moving Averages to prevent unnecessary trades opening

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  • 11/21/2021 at 2:24 PM #181986 quote
    SpreadBetMH
    Participant
    Average

    Hi There,

    I have been looking for code, I have been trying to code a 2 Moving Average as part of my trading system.

    50 Period Moving Average

    200 Period Moving Average

    when the 50 MA has crossed over on top of the 200 MA, then my trading system will only take  buy/long Trades

    and when the 200MA has crossed over on top of the 50, then the trading system will only take Sell/Short Trades

    I am trying to eliminate, the trading system from going against the trend and only taking Buy/Long trades when the market is on the up and Short/Sell trades when the Market is moving down.

    I would like to attach this code into an existing trading system.

    11/21/2021 at 3:49 PM #181989 quote
    robertogozzi
    Moderator
    Master

    There you go;

    Sma50  = average[50,0](close)
Sma200 = average[200,0](close)
UPtrend   = Sma50 > Sma200
DOWNtrend = Sma50 < Sma200
If MyLongConditions and UPtrend Then
   Buy at Market
ElsIf MyShortConditions and DOWNtrend Then
   SellShort at Market
Endif
    SpreadBetMH thanked this post
    11/21/2021 at 7:29 PM #181992 quote
    SpreadBetMH
    Participant
    Average

    Thank you

    Roberto

    11/21/2021 at 8:00 PM #181997 quote
    SpreadBetMH
    Participant
    Average

    Hello again,

    So when I implement the code I get this message coming up:

    The Following variable is undefined: MyLongConditions, MyShortConditions

     

    Thanks again

    11/21/2021 at 8:04 PM #181998 quote
    nonetheless
    Participant
    Master

    MyLongConditions and MyShortConditions will be the existing conditions from the system you are adding this to.

    11/21/2021 at 8:06 PM #181999 quote
    SpreadBetMH
    Participant
    Average
    //EURUSD 1 Hour
//Buy when RSI crosses over Bollinger Down then Buy 1
A = RSI[13](Close)
B = BollingerDown[25](Close)
C = BollingerUp[25](Close)
IF A < 3 AND Close < B THEN
BUY 1 SHARE AT MARKET
ENDIF
//When RSI crosses over  close out trade
Sma50  = average[50,0](close)
Sma200 = average[200,0](close)
UPtrend   = Sma50 > Sma200
DOWNtrend = Sma50 < Sma200
If MyLongConditions and UPtrend Then
Buy at Market
ElsIf MyShortConditions and DOWNtrend Then
SellShort at Market
Endif

IF A > 75 AND Close > C THEN
SELL AT MARKET
ENDIF
    11/21/2021 at 8:09 PM #182000 quote
    nonetheless
    Participant
    Master
    //EURUSD 1 Hour
//Buy when RSI crosses over Bollinger Down then Buy 1
A = RSI[13](Close)
B = BollingerDown[25](Close)
C = BollingerUp[25](Close)

//When RSI crosses over  close out trade
Sma50  = average[50,0](close)
Sma200 = average[200,0](close)
UPtrend   = Sma50 > Sma200
DOWNtrend = Sma50 < Sma200
IF A < 3 AND Close < B and UPtrend Then
Buy 1 contract at Market

ElsIf A > 75 AND Close > C and DOWNtrend Then
SellShort 1 contract at Market
Endif
    SpreadBetMH and robertogozzi thanked this post
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Moving Averages to prevent unnecessary trades opening


ProOrder: Automated Strategies & Backtesting

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SpreadBetMH @spreadbetmh Participant
Summary

This topic contains 6 replies,
has 3 voices, and was last updated by nonetheless
4 years, 3 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 11/21/2021
Status: Active
Attachments: No files
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