no trade in non trending market

• 02/22/2018 at 11:06 AM #63478
  George65

  Hi,

  Anyone has any experiences how to code if we do not want automatic trading running if the market moves sideways?

  Thanks

  George

  

  George65

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  02/22/2018 at 11:40 AM #63501
  robertogozzi

  There are several ways, a pair of Moving Averages with small (you have to tell what small is for you) differences, Bollinger Bands narrowing for, say, two consecutive bars, no price movement over “n” pips for at least “x” bars….It’s up tou you to tell when a range is starting.

  It’s a lot easier to spot it on a chart, especially when it ends!

   

  

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  02/22/2018 at 11:46 AM #63503
  George65

  Thanks Roberto, would you post a short example if you have time!? Thanks again

  

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  02/22/2018 at 12:06 PM #63506
  robertogozzi

  This Nicolas‘post when, as a novice, I needed some help https://www.prorealcode.com/topic/detecting-a-range/#post-10338.

  The following example uses narrowing Bollinger Bands for just 1 (or whatever number you want to set) bar.

  First you have to define a BB:

  // Set up a Bollinger Band ONCE BBavg = 20 //20-period BB ONCE BBdev = 2.0 //2.0 BB Deviation BBmean = average[BBavg,0](close) //BB mean (middle line) BollUP = BBmean + ((std[BBavg](close)) * BBdev) //BB Upper Band BollDN = BBmean - ((std[BBavg](close)) * BBdev) //BB Lower Band

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  // Set up a Bollinger Band ONCE BBavg = 20                                        //20-period BB ONCE BBdev = 2.0                                       //2.0 BB Deviation BBmean = average[BBavg,0](close)                       //BB mean (middle line) BollUP = BBmean + ((std[BBavg](close)) * BBdev)        //BB Upper Band BollDN = BBmean - ((std[BBavg](close)) * BBdev)        //BB Lower Band

  Then you have to determine when the BB starts narrowing,  because the price is likely to enter a range:

  // Determine current status of BB (Narrowing) ONCE NarrowingBars = 1 //You may want to change this to suit your needs Narrow = (summation[NarrowingBars]((BollUP < BollUP[1]) AND (BollDN > BollDN[1])) = NarrowingBars)

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  // Determine current status of BB (Narrowing) ONCE NarrowingBars = 1     //You may want to change this to suit your needs Narrow = (summation[NarrowingBars]((BollUP < BollUP[1]) AND (BollDN > BollDN[1])) = NarrowingBars)

  Now you can use the variable NARROW to check whenever you want:

  IF Your_Conditions AND not Narrow THEN....

  1	IF Your_Conditions AND not Narrow THEN....

   

   

   

   

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  Nicolas

  

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  02/22/2018 at 12:15 PM #63508
  George65

  Thank you!!

  

  George65

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  02/22/2018 at 1:40 PM #63516
  grimweasel47

  I find the best practise is using highs and lows. By definition a trend can only exist (up) if prices are making higher highs and higher lows.

  

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  02/22/2018 at 1:53 PM #63519
  grimweasel47

  ema = exponentialaverage[48](close) ema2 = exponentialaverage[24](close) //set trend using highs and lows Trend1= highest[2](high) Trend2= highest[5](high) Trend3 = trend1-trend2 /// Trend4= lowest[2](low) Trend5= lowest[5](low) Trend6 = trend4-trend5 ////add trend3 and trend6 commands to code Long = (emaabove and trend3 <0) Short = (emabelow and trend6 >-1)

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  ema = exponentialaverage[48](close) ema2 = exponentialaverage[24](close)   //set trend using highs and lows Trend1= highest[2](high) Trend2= highest[5](high) Trend3 = trend1-trend2 /// Trend4= lowest[2](low) Trend5= lowest[5](low) Trend6 = trend4-trend5   ////add trend3 and trend6 commands to code Long = (emaabove and trend3 <0) Short = (emabelow and trend6 >-1)

  I use the above code. I have found it does well at keeping you out of sideways markets but is not perfect so any edits that people might have would be useful. Different FX pairs behave differently for the second value [n] depending on what time or other variables control your entry criteria.

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  02/22/2018 at 3:04 PM #63527
  George65

  Thank you!

  

  George65

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