Newbie questions about automatic trading with ProOrder code

Pjotterd · Tue, 25 Jul 2017 17:23:10 +0000

Hi, I’m quite new here, but I have the following questions. I’m creating a code, but I can not figure out how to create the following piece of code: Every trading day I would like to know what the highest market price is between the previous day 21.00 and the current day 04.00 hours. And I would like to know what the lowest market price is between the previous day 21.00 and the current day 04.00 hours. Trading hours are from 06.30 hours until 21.00 hours I only want to trade when the 1-hour candle closes above the highest market price mentioned before or when the 1-hour candle closes under the lowest market price mentioned before. When the 1-hour candle closes above the highest market price, we take a long trade with a stop loss of 230 pips and a profit stop of 800 pips When the 1-hour candle closes below the lowest market price, we take a short trade with a stop loss of 230 pips and a profit stop of 800 pips We will only trade once a day. So after the first trade, the system should stop. Thanks guys!!!

This topic has 21 replies, 5 voices, and was last updated 7 years ago by GraHal.

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07/27/2017 at 2:31 PM #41815

Pjotterd

I have used the 250 pips profit stop in PRT as well, but I do not get any results at all…. I have used the same parameters and the spread as well.
If the code is correct the PRT backtest results should be equal to the manual test results. But in PRT I do not have any results at all.

ps. I’m using the Gold spot (E1 contract), 1 hour timeframe

Pjotterd

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07/27/2017 at 3:22 PM #41820

GraHal

First time you have mentioned Gold?

Attached results on Gold 1 H TF … Time = 040000 lower curve, Time = 010000 upper curve.

There are results on Gold so is attached of interest / help?

GraHal

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07/27/2017 at 5:17 PM #41832

Pjotterd

Thanks for helping me out, but it doesn’t work the way it should. So, I will get into this to fix it.
Thanks again!!!

Pjotterd

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07/27/2017 at 5:44 PM #41834

GraHal

Okay, I was confused as you said … in PRT I do not have any results at all … so I thought your code didn’t open any positions for you in PRT?

Anyway, let us know when you sort it please as I like to know there is closure on a problem.

Cheers
GraHal

GraHal

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07/27/2017 at 6:06 PM #41836

Pjotterd

will do, thanks GraHal

Pjotterd

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07/27/2017 at 8:04 PM #41847

Pjotterd

Ok, I think I have found the solution. Look at the code. That gives me the results I want. Thank you guys!

// Gold breakout
// 1 hour
// One order per day, from 06:30h. The system shuts-down at 21:00h
// Everyday highest and lowest position from 2100 to 0400
 
DEFPARAM CUMULATEORDERS = false
 
// OPERATIONAL TIME
DEFPARAM FLATBEFORE = 063000
DEFPARAM FLATAFTER = 210000
Operationaltime = TIME > 063000 AND TIME < 210000
 
// ONE TRADE PER DAY. It resets the variable each new day
IF INTRADAYBARINDEX = 0 THEN
alreadytraded = 0
ENDIF

// Prevents the system from placing new orders on specified days of the week
daysForbiddenEntry = OpenDayOfWeek = 1 OR OpenDayOfWeek = 6 OR OpenDayOfWeek = 0

// RANGE between 2100h to 0400h
IF TIME=040000 THEN
channelhigh = Highest[7](high)
channellow = Lowest[7](low)
ENDIF

// BREAKOUT Conditions
c1= close > channelhigh
c2= close < channellow

// LONG Positions-Opening
IF Operationaltime AND not daysForbiddenEntry and c1 AND alreadytraded = 0 THEN
BUY 10 CONTRACT AT MARKET
alreadytraded = 1
ENDIF
 
// SHORT Positions-Opening
IF Operationaltime AND not daysForbiddenEntry and c2 AND alreadytraded = 0 THEN
SELLSHORT 10 CONTRACT AT MARKET
alreadytraded = 1
ENDIF

// Stops and targets
SET STOP LOSS 2.3*pipsize
SET TARGET PROFIT 8.0*pipsize

// Gold breakout

// 1 hour

// One order per day, from 06:30h. The system shuts-down at 21:00h

// Everyday highest and lowest position from 2100 to 0400

DEFPARAM CUMULATEORDERS = false

// OPERATIONAL TIME

DEFPARAM FLATBEFORE = 063000

DEFPARAM FLATAFTER = 210000

Operationaltime = TIME > 063000 AND TIME < 210000

// ONE TRADE PER DAY. It resets the variable each new day

IF INTRADAYBARINDEX = 0 THEN

alreadytraded = 0

ENDIF

// Prevents the system from placing new orders on specified days of the week

daysForbiddenEntry = OpenDayOfWeek = 1 OR OpenDayOfWeek = 6 OR OpenDayOfWeek = 0

// RANGE between 2100h to 0400h

IF TIME=040000 THEN

channelhigh = Highest[7](high)

channellow = Lowest[7](low)

ENDIF

// BREAKOUT Conditions

c1= close > channelhigh

c2= close < channellow

// LONG Positions-Opening

IF Operationaltime AND not daysForbiddenEntry and c1 AND alreadytraded = 0 THEN

BUY 10 CONTRACT AT MARKET

alreadytraded = 1

ENDIF

// SHORT Positions-Opening

IF Operationaltime AND not daysForbiddenEntry and c2 AND alreadytraded = 0 THEN

SELLSHORT 10 CONTRACT AT MARKET

alreadytraded = 1

ENDIF

// Stops and targets

SET STOP LOSS 2.3*pipsize

SET TARGET PROFIT 8.0*pipsize

Pjotterd

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07/27/2017 at 8:20 PM #41851

GraHal

Yeah now you have the 17 Trades in June you wanted / needed, but most of them are closed within the same 1 H bar (as opened) and so don’t show as positions on the chart results (but they do show in the Orders List / Tabular results).

Do you get the same equity curve as attached?

GraHal

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