Pine Script to PRT code conversion for Multi Time Frame strategy on EURUSD

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  • 05/24/2023 at 9:21 PM #215141 quote
    Tony BR
    Participant
    New

    Hi,

    I am new to the forum but have dabbled with PRT for a number of years.

    Please could you provide a code conversion for the strategy below for trading EUR/USD

    It is a multi time frame strategy using the 1 hour and 1 minute candlestick charts

    The code is written in Pine Script

    Thanks and happy trading.

    Tony

    //@version=5
    strategy(“EUR/USD Trading Strategy”, overlay=true)

    // Define indicators and time frames
    supertrendLength = 10
    supertrendMultiplier = 3
    confirmIndicatorLength = 14

    // Calculate Supertrend on 1-hour chart
    [stLine, stTrend] = ta.supertrend(security(syminfo.tickerid, “60”, close), supertrendLength, supertrendMultiplier)

    // Calculate Confirmation Indicator (RSI) on 1-minute chart
    confirmIndicator = ta.rsi(close, confirmIndicatorLength)

    // Define entry conditions
    enterLong = crossover(confirmIndicator, 50) and stTrend == 1
    enterShort = crossunder(confirmIndicator, 50) and stTrend == -1

    // Define exit conditions
    exitLong = crossunder(confirmIndicator, 50) and stTrend == -1
    exitShort = crossover(confirmIndicator, 50) and stTrend == 1

    // Execute trades
    if (enterLong)
    strategy.entry(“Long”, strategy.long)
    if (enterShort)
    strategy.entry(“Short”, strategy.short)

    if (exitLong)
    strategy.close(“Long”)
    if (exitShort)
    strategy.close(“Short”)

    // Set stop loss and take profit
    stopLoss = 0.0025 // Set your desired stop loss value
    takeProfit = 0.005 // Set your desired take profit value

    strategy.exit(“Exit Long”, “Long”, stop=low – stopLoss, limit=high + takeProfit)
    strategy.exit(“Exit Short”, “Short”, stop=high + stopLoss, limit=low – takeProfit)

    05/27/2023 at 3:59 PM #215285 quote
    JS
    Participant
    Senior

    Hereby a start of conversion, SL and TP have yet to be determined…   

    supertrendLength = 10
supertrendMultiplier = 3
confirmIndicatorLength = 14

// Calculate Supertrend on 1-hour chart
TimeFrame(1 hour)
stTrend = Supertrend[supertrendLength, supertrendMultiplier]

// Calculate Confirmation Indicator (RSI) on 1-minute chart
TimeFrame(1 minute)
confirmIndicator = RSI[confirmIndicatorLength](close)

If Close Crosses Over stTrend then
stTrend=1
EndIf
If Close Crosses Under stTrend then
stTrend=-1
EndIf

// Define entry conditions
enterLong = confirmIndicator Crosses Over 50 and stTrend = 1
enterShort = confirmIndicator Crosses Under 50 and stTrend = -1

// Define exit conditions
exitLong = confirmIndicator Crosses Under 50 and stTrend = -1
xexitShort = confirmIndicator Crosses Over 50 and stTrend = 1

// Execute trades
if enterLong then
Buy 1 contract at market
EndIf
if enterShort then
SellShort 1 contract at market
EndIf

if exitLong then
Sell at market
EndIf
if xexitShort then
ExitShort at market
EndIf

// Set stop loss and take profit
//stopLoss = 0.0025 // Set your desired stop loss value
//takeProfit = 0.005 // Set your desired take profit value

    05/27/2023 at 6:03 PM #215289 quote
    Aragorna
    Participant
    Junior
    Correct version:   
    // Calculate Supertrend on 1-hour chart
TimeFrame(1 hour, UPDATEONCLOSE )
supertrendLength = 10
supertrendMultiplier = 3
confirmIndicatorLength = 14
stTrend = Supertrend[supertrendLength, supertrendMultiplier]
 

If Close Crosses Over stTrend then
stTrend=1
EndIf
If Close Crosses Under stTrend then
stTrend=-1
EndIf
 TimeFrame(1 minute,default)
// Calculate Confirmation Indicator (RSI) on 1-minute chart
confirmIndicator = RSI[confirmIndicatorLength](close)
// Define entry conditions
enterLong = confirmIndicator Crosses Over 50 and stTrend = 1
enterShort = confirmIndicator Crosses Under 50 and stTrend = -1
 
// Define exit conditions
exitLong = confirmIndicator Crosses Under 50 and stTrend = -1
xexitShort = confirmIndicator Crosses Over 50 and stTrend = 1
 
// Execute trades
if enterLong then
Buy 1 contract at market
EndIf
if enterShort then
SellShort 1 contract at market
EndIf
 
if exitLong then
Sell at market
EndIf
if xexitShort then
ExitShort at market
EndIf
 
// Set stop loss and take profit
//stopLoss = 0.0025 // Set your desired stop loss value
//takeProfit = 0.005 // Set your desired take profit value
    05/27/2023 at 7:17 PM #215291 quote
    Aragorna
    Participant
    Junior
    sorry this one is correct,  I guess: 
    // Calculate Supertrend on 1-hour chart
TimeFrame(1 hour, UPDATEONCLOSE )
supertrendLength = 10
supertrendMultiplier = 3

stTrend = Supertrend[supertrendLength, supertrendMultiplier]
 

c1= Close Crosses Over stTrend
c2= Close Crosses Under stTrend 


 TimeFrame(1 minute,default)
confirmIndicatorLength = 14
// Calculate Confirmation Indicator (RSI) on 1-minute chart
confirmIndicator = RSI[confirmIndicatorLength](close)
// Define entry conditions
enterLong = confirmIndicator Crosses Over 50 and c1
enterShort = confirmIndicator Crosses Under 50 and c2
 
// Define exit conditions
exitLong = confirmIndicator Crosses Under 50 and c2
xexitShort = confirmIndicator Crosses Over 50 and c1
 
// Execute trades
if enterLong then
Buy 1 contract at market
EndIf
if enterShort then
SellShort 1 contract at market
EndIf
 
if exitLong then
Sell at market
EndIf
if xexitShort then
ExitShort at market
EndIf
 

// Set stop loss and take profit
SET STOP PLOSS 100 
SET TARGET PPROFIT 200
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Pine Script to PRT code conversion for Multi Time Frame strategy on EURUSD


ProBuilder: Indicators & Custom Tools

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author-avatar
Tony BR @tony-br Participant
Summary

This topic contains 3 replies,
has 3 voices, and was last updated by Aragorna
2 years, 8 months ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 05/24/2023
Status: Active
Attachments: No files
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