Price action strategy for volatile instruments

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  • 10/17/2017 at 10:58 AM #49664 quote
    Mansoor
    Participant
    Average

    I am developing a price action strategy for volatile instruments like cryptocurrencies. The strategy will be modular and each module will examine a different price change characteristic. One of the modules will be the continuous optimisation of the code based on @juanj heuristics algorithm but slightly different.

    I will be sharing the code here for other people to use or to optimise further or if I need assistance.

    10/17/2017 at 11:14 AM #49670 quote
    Mansoor
    Participant
    Average

    If anyone is interested in doing this together, may I ask them to come up with a code to determine if the higher high higher low pattern exist. I don’t really like to use ADX or other commercially available indicators. I don’t think they do the job but let’s see. This will be one of the modules.

    10/17/2017 at 11:28 AM #49673 quote
    Mansoor
    Participant
    Average

    Yeah let’s do this together. The modules use the same variables but work independently of each other. Any suggestions? If anyone wants to take the lead I’m happy to be a contributor.

    10/17/2017 at 1:14 PM #49680 quote
    Despair
    Blocked
    Master

    I think you have to take the lead since nobody knows what you have in mind exactly.

    10/17/2017 at 5:24 PM #49706 quote
    Eric
    Participant
    Master

    Hi Mansoor

    What do you mean exactly about this? ” the higher high higher low pattern”

    higher lows and higher highs like a rising donchian channel?

    or higher pivots/fractals?

    10/17/2017 at 11:15 PM #49750 quote
    Mansoor
    Participant
    Average

    My main objective is to determine if price rise/fall is accelerating or decelerating.

    uptrend.png uptrend.png
    10/18/2017 at 7:27 AM #49765 quote
    Leo
    Participant
    Veteran

    I can’t follow you…

    i am developing an idea for detecting maximums and minimums locals. Maybe is helpful for you as well.

    I am posting my ideas here due to my goal is to detect double top and bottoms

    Double bottom or double top

    10/19/2017 at 2:26 AM #49886 quote
    Mansoor
    Participant
    Average

    @Leo, every time you have retracement you will have a double top or a double bottom signal which in a lot of cases would be a false signal.

    10/19/2017 at 8:55 PM #49994 quote
    Leo
    Participant
    Veteran

    Hi,

    I posted a method for detecting and locating minimums and maximum locals, here:

    https://www.prorealcode.com/topic/dobule-bottom-or-double-top/ 

    Hope we can created a very powerful tool, have a look in the photo

    Mansoor thanked this post
    Screen-Shot-2017-10-19-at-21.54.27.png Screen-Shot-2017-10-19-at-21.54.27.png
    10/20/2017 at 1:18 AM #50010 quote
    Mansoor
    Participant
    Average

    The backbone of my idea is momentum in very short timeframe like 10 seconds. This should catch any breakout which you expect at critical points and should eliminate the need for checking support and resistance levels because breakouts usually occur at high speed.

    Basically:

    If Momentum[period] > factor*Criteria Then Buy

    If Momentum[period] < -factor*Criteria Then Sell

    Period & Criteria will be optimised by PRT. Factor is a function of other technical indicators for example “If RSI > 70 Then factor = 1.2”.

    I think the idea is great but I’m a bit inexperienced to develop it. My initial results with factor = 1 are not really impressive at all. It’s not even worth to share the code here. 🙁

    10/20/2017 at 3:14 AM #50011 quote
    Mansoor
    Participant
    Average

    This code will make your broker rich very quickly!!

    I’m leaving this project at this stage. If anyone wants to work on it and develop it further, please update the revision in the filename.

    Breakout-1.1.itf
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Price action strategy for volatile instruments


ProOrder: Automated Strategies & Backtesting

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Mansoor @mansoor Participant
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This topic contains 10 replies,
has 4 voices, and was last updated by Mansoor
8 years, 4 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 10/17/2017
Status: Active
Attachments: 3 files
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