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

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

  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)

  

  Tony BR

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

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

   

  EUR/USD Trading Strategy

  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

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  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

  

  JS

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  05/27/2023 at 6:03 PM #215289
  Aragorna

  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

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43

  // 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

   

  

  Aragorna

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  05/27/2023 at 7:17 PM #215291
  Aragorna

  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

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43

  // 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

   

  

  Aragorna

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  Been thanked: 8 times
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