Opening position after 'event'. But no more then once, until next 'event'.

AutoTrader · 2016-04-22T11:59:55+00:00

Hi fellow ProRealCode users, I have been testing and trying stuff for the past month, but cant seem to get the code right for a specific action. I want to open a position when the indicators cross over. , but I don’t want to open a extra position after that. (when first position is closed with profit) I only want to open again after the indicators crossed over again. Something like this in normal words; // Conditions to enter long positions indicator1 = ExponentialAverage[5](close) indicator2 = ExponentialAverage[20](close) c1 = (indicator1 > indicator2[1]) c2 = (indicator1 < indicator2[1]) IF c1 THEN BUY 1 CONTRACT AT MARKET ENDIF IF c1 but c2 hasent happend yet, don’t BUY 1 CONTRACT AT MARKET. (<– What I mean is ; after the c1 happened, and a contract is bought , only buy another one , when c2 happened. In the backtest it opens the trade correctly , and closes with a pPROFIT. But the next candle it opens again , because c1 is still valid. I want c2 to happen first , and then if c1 happens open another trade.) Hopefully someone has an idea how to set this up… Its a guaranteed moneymaking machine… 😉 ;p

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04/22/2016 at 12:59 PM #5814 quote
AutoTrader
Participant

New
Hi fellow ProRealCode users,

I have been testing and trying stuff for the past month, but cant seem to get the code right for a specific action.

I want to open a position when the indicators cross over. , but I don’t want to open a extra position after that. (when first position is closed with profit) I only want to open again after the indicators crossed over again.

Something like this in normal words;
```
// Conditions to enter long positions
indicator1 = ExponentialAverage[5](close)
indicator2 = ExponentialAverage[20](close)
c1 = (indicator1 > indicator2[1])
c2 = (indicator1 < indicator2[1])
 
IF c1 THEN
 BUY 1 CONTRACT AT MARKET
ENDIF
```
IF c1 but c2 hasent happend yet, don’t BUY 1 CONTRACT AT MARKET. (<– What I mean is ; after the c1 happened, and a contract is bought , only buy another one , when c2 happened. In the backtest it opens the trade correctly , and closes with a pPROFIT. But the next candle it opens again , because c1 is still valid. I want c2 to happen first , and then if c1 happens open another trade.)

Hopefully someone has an idea how to set this up… Its a guaranteed moneymaking machine… 😉 ;p
04/22/2016 at 4:29 PM #5831 quote
Nicolas
Keymaster

Legend
Hi AutoTrader,

Basically, what you want to do here is to test a crossover between 2 values, like moving average.

ProRealTime has instructions built in to test these conditions, they are called : CROSSES OVER and CROSSES UNDER

So your c1 and c2 conditions would be:
```
c1 = indicator1 crosses over indicator2
c2 = indicator1 crosses under indicator2
```
I believe that would make it, am I right?
04/23/2016 at 1:29 PM #5845 quote

AutoTrader
Participant

New

Hi Nicolas,

That is correct! Thank you! Made a very simple system that scores 100% on the 5min Dax cash. (backtest) Will live test it next week Monday until Friday.

Thanks for pointing out the crossover!

04/23/2016 at 5:55 PM #5864 quote

Adolfo
Participant

Senior

Share it! 😉
Author

Posts

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Opening position after 'event'. But no more then once, until next 'event'.

ProOrder: Automated Strategies & Backtesting

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

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	04/22/2016
Status:	Active
Attachments:	No files