Multi time frame and trailing stop management

Albert FX · Tue, 21 May 2019 13:03:08 +0000

Ciao Nicolas,After a lot of posts and the very precious help from Roberto, finally my system works well. But now it remains a BIG problem concerning the management of the trailing stop. I understand that PRT has to wait for the current candle to close in order to carry out the processing and if necessary move the value of the trailing stop. In many cases this delay leads to major differences in the overall performance of the system. The solution to this problem could be the new PRT multi timeframe function. I would therefore need your kind help in this regard to understand how to proceed with the modification of my active system. Up until line 43 everything works fine. However, at this point I would like to switch from the daily time frame to a 1 minute time frame to more quickly check price changes and quickly adjust the level of trailing stops. Could you please tell me what to write in the system in order to use the 1 minute timeframe from line 49. Thank you very much for your kind help. Thank you. GRAZIE ! //PARAMETRI //inserire qui sotto tutti i parametri BASE del codice // Definizione dei parametri del codice DEFPARAM CumulateOrders = False // Posizioni cumulate disattivate MioRischio = 100 //importo massimo in euro che voglio rischiare per ogni singola operazione PercStop1 = 0.50 //attiva il pareggio al 50% del profitto PercStop2 = 0.80 //attiva lo SL a metà del profitto quanto questo ragguinge la seconda % PagoSpese = 0.0005 //numero di pips che aggiungo al breakeven per ripagarmi delle spese //DEFPARAM FlatAfter = 220000 //Range orario DOPO il quale non bisogna più essere in posizione (eventuale) //DEFPARAM FLATBEFORE = 090000 //Range orario PRIMA del quale non bisogna ancora essere in posizione (eventuale) //INSERIRE EVENTUALE PARAMETRO DAY OF THE WEEK PER ULTERIORE FILTRO DA TESTARE IF Not OnMarket THEN BreakEven = 0 ENDIF ONCE Flag = 0 IF OnMarket OR LOW < MinimoPat THEN Flag=0 //Azzerare il prezzo serve a non inserire ancora l'ordine pendente... ENDIF //... una volta entrato oppure quando non ci sono più le condizioni //IF Not OnMarket THEN //BreakEven = 0 //ENDIF //CONDIZIONI //inserire qui sotto tutte le condizioni che caratterizzano il pattern o la strategia da tradare AO=Average[5](MedianPrice)-Average[34](MedianPrice) Cond1 = AO[0]>0 Cond2 = AO[1]<0 CondTOT = Cond1 AND Cond2 //Condizione globale da tradare IF CondTOT THEN Flag = 1 ENDIF //COMPORTAMENTI //inserire qui sotto come si deve comportare la strategia quando è ONMARKET IF CondTOT AND Not LongOnMarket THEN TargetProfit = (HIGH - LOW)/pipsize //VALORE in PIPS del mio TARGET INIZIALE Prezzo = HIGH //VALORE al quale si entra in posizione se vengono soddisfatte TUTTE le CONDIZIONI StopLoss = (HIGH - LOW)/pipsize //VALORE in PIPS dello STOP LOSS INIZIALE MinimoPat = LOW ENDIF Moltiplicatore = (MioRischio/(StopLoss/Prezzo)/pipsize) //QUANTITA' dello strumento da negoziare per avere in caso di perdita un valore //corrispondente a MIORISCHIO (nei parametri iniziali) IF not onmarket AND Flag THEN BUY Moltiplicatore lots AT (Prezzo+0.0000) STOP //Ordine automatico di ENTRATA LONG in posizione con eventuale aggiunta di pips ENDIF //IF LongOnMarket AND ((close - Tradeprice) >= (TargetProfit * PercStop2)) THEN //IF LongOnMarket THEN //Breakeven = max(BreakEven,Tradeprice + (TargetProfit / 2)) //mettere al sicuro il 50% del profitto (è un BreakEven + metà profitto) //ENDIF //ENDIF IF LongOnMarket THEN IF Breakeven=0 AND ((High - Tradeprice) >= (TargetProfit * PercStop1)*pipsize) THEN Breakeven = Tradeprice + PagoSpese ENDIF IF Breakeven>0 AND ((High - Tradeprice) >= (TargetProfit * PercStop2)*pipsize) AND High >= Breakeven + ((TargetProfit * (PercStop2 - PercStop1))*pipsize) THEN Breakeven = Tradeprice + (TargetProfit/2) ENDIF ENDIF IF OnMarket AND Breakeven>0 THEN SELL AT Breakeven STOP ENDIF SET STOP pLOSS StopLoss

This topic has 62 replies, 5 voices, and was last updated 6 years ago by robertogozzi.

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09/04/2019 at 3:02 PM #106500
robertogozzi
Variables cannot be created/modified in different TF’s. They can only be read anywhere.

At lines 59 and 15 you are creating/modifying a variable already used elsewhere in a different TF.

You should:

move line 56 to a new line between 9 and 10

insert a new line between line 2 with
timeframe(default)

the same TF can be used multiple times inside a strategy.

I think this should solve most of your issues, since your 4-hour TF needs only line 9.
robertogozzi
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09/04/2019 at 3:36 PM #106508

Albert FX

thank you very much for your kind reply and I immediately try to modify the code with the changes you suggested.

I don’t understand why you say “since your 4-hour TF needs only line 9”.

I would just like to point out that:

the entry rules to be “on market” based on the Fractal pattern with candles at 4 hours (and I thought it was necessary to set the lines up to the number 54 with timeframe at 4 hours because I need the 4 hour pattern and the calculation of the ATR always at 4 hours).

only after I am in the market, I need to use the 1 minute timeframe to be able to quickly move the stoploss to breakeven and then raise the takeprofit level (I thought in this case it was enough to indicate the timeframe at 1 minute starting from line number 57 , so that the “high” value of line 57 was updated every minute and not every 4 hours).

I hope I have clearly explained my doubt.

I await your kind clarification.

GRAZIE !!

Albert FX
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09/05/2019 at 8:33 AM #106549

robertogozzi

I don’t know if you tried what I suggested, I can’t see any other line that should be under the 4h TF. The only other indicator, the FRACTA LINE, had already been written outside that 4h TF so it is assumed to be the default TF (I suggest that you ALWAYS write the correct TF, even if it is not strictly required at the beginning, being assumed).

If my above assumptions are incorrect, then you will hace to use different variable names at the lines reported in the error message.

robertogozzi
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