Price action strategy for volatile instruments

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

  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.

  

  Mansoor

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

  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.

  

  Mansoor

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

  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.

  

  Mansoor

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

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

  

  Despair

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

  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?

  

  Eric

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

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

  

  Mansoor

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  10/18/2017 at 7:27 AM #49765
  Leo

  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

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

   

  

  Leo

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

  @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.

  

  Mansoor

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

  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

  1 user thanked author for this post.

  Mansoor

  

  Leo

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  10/20/2017 at 1:18 AM #50010
  Mansoor

  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. 🙁

  

  Mansoor

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

  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.

  

  Mansoor

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