MultiTime BackTesting Strategy Help please.

Dunger · 2016-07-24T09:33:33+00:00

Hi, x = any predefined range from the market open, i.e. If x = 15 and market open was 8am GMT, then we would have a range from 8am-8.15am, if x was 30, then we would have range from 8am-8.30am. y = the target points above or below a break of x range. (user defined) z = stop position. hard-coded number of points for your stop from entry. Rules Take a break of the x range (+2pts) and the target is y. Stop is z. Thanks in advance. Regards.

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07/24/2016 at 10:33 AM #10836 quote

Dunger
Participant

New

Hi,

x = any predefined range from the market open, i.e. If x = 15 and market open was 8am GMT, then we would have a range from 8am-8.15am, if x was 30, then we would have range from 8am-8.30am.

y = the target points above or below a break of x range. (user defined)

z = stop position. hard-coded number of points for your stop from entry.

Rules Take a break of the x range (+2pts) and the target is y. Stop is z. Thanks in advance.

Regards.

07/24/2016 at 3:16 PM #10847 quote

Derek
Participant

Veteran

I don’t know what you mean by “take a break of range x” but maybe this will help

Z = 25
A = 50
B = 40
If currenttime=090000 then
Range1= open
Endif

If currenttime = 091500 then
Range2=close
Endif

If Range2>Range1 And Range2-Range1 > Z then
Buy 1 contract at market
Set Target Profit A
Set Stop Loss B
Elseif Range1 >Range2 And Range1-Range2 > Z then
Sellshort 1 contract at market
Set Target Profit A
Set Stop Loss B
Endif

:

I couldn’t use the PRT function because I am on mobile.

07/24/2016 at 3:35 PM #10849 quote

Dunger
Participant

New

Thanks for the feedback Derek.

I will give this a go.

Best Regards.

07/24/2016 at 3:40 PM #10850 quote
Derek
Participant

Veteran
I just did on my system. This is definitely working:
```
DEFPARAM CUMULATEORDERS = false

Rangetoenter = 50
TargetProfitinPoints = 50
StoplossinPoints = 40

IF currenttime = 090000 THEN
price1 = open
endif

IF currenttime = 091500 THEN
price2 = close
endif

If price2-price1 > 0 AND price2-price1 > Rangetoenter Then
Buy 1 contract at market
Set Target pProfit TargetProfitinPoints
Set stop pLOSS StoplossinPoints
elsif price1-price2 > 0 AND price1-price2 > Rangetoenter Then
SELLSHORT 1 contract at market
Set Target pProfit TargetProfitinPoints
Set stop pLOSS StoplossinPoints
endif
```
07/24/2016 at 3:47 PM #10851 quote

Dunger
Participant

New

Hi,

So it seems I am taking multiple trades per day. I only want to have one trade per day.

So, imagine the open is 8am and I have defined a range of 15mins.

Therefore, I want to trade a break higher or a break lower of that opening 15m range until either Y is hit (hardcoded target points) OR Z is hit (hardcoded stop number of points)

This current script is not quite hitting the mark with that as it is taking multiple trades in a given day. Thanks in advance for details provided in order to correct it to allow this.
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MultiTime BackTesting Strategy Help please.

ProOrder: Automated Strategies & Backtesting

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Dunger @dunger Participant

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This topic contains 4 replies,
has 2 voices, and was last updated by Dunger
10 years, 2 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	07/24/2016
Status:	Active
Attachments:	No files