Pivot Point Intraday trading strategy

• 08/21/2017 at 9:46 AM #44270
  RoLaDay

  Hello,

  I want to create a backtesting code for intraday Pivot Points. I used the indicator which Nicolas posted here:

  https://www.prorealcode.com/prorealtime-indicators/pivot-points-intraday/

  The code works, except for the stop loss and target profit. I want to buy or sell a contract at R1 / S1 and want to set the target at R2/S2. Stop Loss should be the Pivot Point.

  I use the code for Forex.

  Any help would be greatly appreciated 🙂

   

   

  defparam cumulate orders = false defparam flatbefore = 090000 if dayofweek=1 then //Monday daytrading=1 endif if dayofweek=2 then // Tuesday daytrading=1 endif if dayofweek=3 then // Wednesday daytrading=1 endif if dayofweek=4 then //Thursday daytrading=1 endif if dayofweek=5 then // Friday daytrading=1 endif // time myStartHour = 7 myStartMinute = 00 myEndHour = 8 myEndMinute = 55 // time start = (myStartHour * 10000) + (myStartMinute * 100) ende = (myEndHour * 10000) + (myEndMinute * 100) If (Day > Day[1]) Then myLow = Low myHigh = High myClose = Close countB = 0 countS = 0 currentdate=date Endif If (Time >= start) Then myClose = Close If High > myHigh Then myHigh = High Else myHigh = myHigh[1] Endif If (Time > ende) Then myHigh = myHigh[1] myClose = myClose[1] Endif If Low < myLow Then myLow = Low Else myLow = myLow[1] Endif If (Time > ende) Then myLow = myLow[1] Endif Endif If Time = ende Then // // PP-Calculation PP = (myHigh + myLow + myClose) / 3 R1 = 2 * PP - myLow R22 = PP + (myHigh-myLow) //R3 = 2*(PP-myLow)+myHigh //R4 = 3*(PP-myLow)+myHigh S1 = 2 * PP - myHigh S2 = PP - (myHigh-mylow) //S3 = myLow-(2*(myHigh-PP)) //S4 = myLow-(3*(myHigh-PP)) Endif if longonmarket and positionprice<>lastpriceB then countB = countB+1 countS = countS+1 lastpriceB = positionprice endif if shortonmarket and positionprice<>lastpriceS then countS = countS+1 countB = countB+1 lastpriceS = positionprice endif if date=currentdate and time<=220000 and daytrading=1 then if not longonmarket and countB=0 and close<R1 then buy 1 share at R1 stop set stop loss pp set target profit R22 endif if not shortonmarket and countS=0 and close>S1 then sellshort 1 share at S1 stop set stop loss pp set target profit S2 endif endif

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  defparam cumulate orders = false   defparam flatbefore = 090000   if dayofweek=1 then //Monday daytrading=1 endif if dayofweek=2 then // Tuesday daytrading=1 endif if dayofweek=3 then // Wednesday daytrading=1 endif if dayofweek=4 then //Thursday daytrading=1 endif if dayofweek=5 then // Friday daytrading=1 endif   // time myStartHour = 7 myStartMinute = 00 myEndHour = 8 myEndMinute = 55   // time start = (myStartHour * 10000) + (myStartMinute * 100) ende = (myEndHour * 10000) + (myEndMinute * 100) If (Day > Day[1]) Then myLow = Low myHigh = High myClose = Close countB = 0 countS = 0 currentdate=date   Endif If (Time >= start) Then myClose = Close If High > myHigh Then myHigh = High   Else myHigh = myHigh[1] Endif If (Time > ende) Then myHigh = myHigh[1] myClose = myClose[1] Endif If Low < myLow Then myLow = Low Else myLow = myLow[1] Endif If (Time > ende) Then myLow = myLow[1] Endif Endif If Time = ende Then // // PP-Calculation   PP = (myHigh + myLow + myClose) / 3 R1  = 2 * PP - myLow R22 = PP + (myHigh-myLow) //R3  = 2*(PP-myLow)+myHigh //R4  = 3*(PP-myLow)+myHigh S1  = 2 * PP - myHigh S2  = PP - (myHigh-mylow) //S3  = myLow-(2*(myHigh-PP)) //S4  = myLow-(3*(myHigh-PP)) Endif   if longonmarket and positionprice<>lastpriceB then countB = countB+1 countS = countS+1 lastpriceB = positionprice endif   if shortonmarket and positionprice<>lastpriceS then countS = countS+1 countB = countB+1 lastpriceS = positionprice endif     if date=currentdate and time<=220000 and daytrading=1 then   if not longonmarket and countB=0 and close<R1 then buy 1 share at R1 stop set stop loss pp set target profit R22 endif   if not shortonmarket and countS=0 and close>S1 then sellshort 1 share at S1 stop set stop loss pp set target profit S2 endif endif

   

  

  RoLaDay

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  08/24/2017 at 11:12 AM #44521
  RoLaDay

  Is anyone able to help? 🙂

  

  RoLaDay

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  08/24/2017 at 12:21 PM #44525
  Despair

  Try it this way:

  if not longonmarket and countB=0 and close<R1 then buy 1 share at R1 stop endif if not shortonmarket and countS=0 and close>S1 then sellshort 1 share at S1 stop endif if longonmarket then sell at pp stop sell at R22 limit elsif shortonmarket then exitshort at pp stop exitshort at S2 limit endif

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  if not longonmarket and countB=0 and close<R1 then   buy 1 share at R1 stop endif if not shortonmarket and countS=0 and close>S1 then   sellshort 1 share at S1 stop endif   if longonmarket then   sell at pp stop   sell at R22 limit elsif shortonmarket then   exitshort at pp stop   exitshort at S2 limit endif

   

  

  Despair

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  08/25/2017 at 8:37 AM #44603
  RoLaDay

  Thanks a lot, that already works better!

  But still, the “sell at R22 limit” and “exitshort at S2 limit” is not working correctly.

  Maybe it is calculating the R22 and S2 from the moment the system buys or sells a share? Is there anything I can do that it calculates R22 and S2 at the given time above?

  

  RoLaDay

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  08/25/2017 at 9:36 AM #44605
  Despair

  Check your variables with “graph” if they are calculated correctly.

  

  Despair

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  08/25/2017 at 9:42 AM #44608
  RoLaDay

  It’s working 🙂 Thanks a lot!

  

  RoLaDay

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  08/25/2017 at 6:28 PM #44648
  Jessar

  Hi RoLaDay you write that you use your strategy on Forex, but works very well on DAX 1min, I have still built a MM the results are incredible.

  But I used the first code without the conversion of desperation lg

  

  Jessar

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  08/26/2017 at 4:07 AM #44658
  RoLaDay

  Hello Jessar, maybe you can post your results here. I don’t get the incredible results you said  🙂 Thanks

  

  RoLaDay

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  08/26/2017 at 11:48 AM #44664
  Jessar

  I have tried the same backtest on the real account because I get no trades, and when I try to run the program I get the error stop / limit distance too far away, very funny. lg

  

  Jessar

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  08/26/2017 at 11:50 AM #44666
  Jessar

  I am surprised, however, how the baking to come to such results, they can not be invented

  

  Jessar

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