prohibit trades when > supertrend

This topic has 11 replies, 3 voices, and was last updated 5 years ago by Vonasi.

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12/06/2020 at 5:06 AM #152698

UkDownUnder

 supertrend" >DEFPARAM CUMULATEORDERS = false
DEFPARAM PRELOADBARS = 200

//bear
bear = supertrend < close [12.28]
bear2 = supertrend < close [3.10]
//////////////////////////////////
//bull
bull = supertrend < close [30.210]


a = High[0] - Low[0]
b = Min(Open[0], Close[0]) - Low[0]
c = b/a
d = c*2

//abcd = condition 

// Conditions to enter long positions
//IF NOT LongOnMarket AND a and b and c and d THEN
//BUY 1 CONTRACTS AT MARKET
//ENDIF

// Conditions to exit long positions
//If LongOnMarket AND YourConditions THEN
//SELL AT MARKET
//ENDIF

// Conditions to enter short positions
IF NOT ShortOnMarket AND bear and bear2 and d THEN
SELLSHORT 1 CONTRACTS AT MARKET
ENDIF

// Conditions to exit short positions
IF ShortOnMarket AND bull THEN
EXITSHORT AT MARKET
ENDIF

// Stops and targets : Enter your protection stops and profit targets here
SET STOP PTRAILING 82
SET TARGET PROFIT 182

supertrend" >DEFPARAM CUMULATEORDERS = false

DEFPARAM PRELOADBARS = 200

//bear

bear = supertrend < close [12.28]

bear2 = supertrend < close [3.10]

//////////////////////////////////

//bull

bull = supertrend < close [30.210]

a = High[0] - Low[0]

b = Min(Open[0], Close[0]) - Low[0]

c = b/a

d = c*2

//abcd = condition

// Conditions to enter long positions

//IF NOT LongOnMarket AND a and b and c and d THEN

//BUY 1 CONTRACTS AT MARKET

//ENDIF

// Conditions to exit long positions

//If LongOnMarket AND YourConditions THEN

//SELL AT MARKET

//ENDIF

// Conditions to enter short positions

IF NOT ShortOnMarket AND bear and bear2 and d THEN

SELLSHORT 1 CONTRACTS AT MARKET

ENDIF

// Conditions to exit short positions

IF ShortOnMarket AND bull THEN

EXITSHORT AT MARKET

ENDIF

// Stops and targets : Enter your protection stops and profit targets here

SET STOP PTRAILING 82

SET TARGET PROFIT 182

UkDownUnder

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12/06/2020 at 10:21 AM #152707

Vonasi

Is there a question?

My first question would be why are you using decimal places in the CLOSE[x] in your code. You can’t get the info from a decimal part of a bar. ProRealCode will just round it.

Vonasi

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12/06/2020 at 10:24 AM #152710

Vonasi

Second question: ‘d’ will always be a positive value and so will always be true and so is not doing anything in your code.

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12/06/2020 at 10:37 AM #152714

robertogozzi

I think those brackets are intended for SUPERTREND, but:

they must be put next to ST
a comma must be used to separate the two numbers, instead of a period.

Line 1 is a bit messy.

Have you had any chance to read documentation about SuperTrend?

1 user thanked author for this post.

UkDownUnder

robertogozzi

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12/06/2020 at 11:03 AM #152720

UkDownUnder

Sorry about line 1, please disregard that mistake, first time uplaoding to the Forum

was also trying to streamline the supertrend as apposed to being

indicator1 = SuperTrend[3,10]
c1 = (close > indicator1)

maybe that’s why the system is not acknowledging it

UkDownUnder

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12/06/2020 at 11:32 AM #152724

UkDownUnder

DEFPARAM CUMULATEORDERS = false
DEFPARAM PRELOADBARS = 200

//bear
bear = supertrend[12,28]
c1 = (close < bear)

bear2 = supertrend[3,10]
c2 = (close < bear2)
//////////////////////////////////
//bull
//bull = supertrend[30,210]
//c3 = (close < bull)

a = High[0] - Low[0]
b = Min(Open[0], Close[0]) - Low[0]
c = b/a
d = c*2

//abcd = condition

// Conditions to enter long positions
//IF NOT LongOnMarket AND a and b and c and d THEN
//BUY 1 CONTRACTS AT MARKET
//ENDIF

// Conditions to exit long positions
//If LongOnMarket AND YourConditions THEN
//SELL AT MARKET
//ENDIF

// Conditions to enter short positions
IF NOT ShortOnMarket AND c1 and c2 and d THEN
SELLSHORT 1 CONTRACTS AT MARKET
ENDIF

// Conditions to exit short positions
//IF ShortOnMarket AND c3 THEN
//EXITSHORT AT MARKET
//ENDIF

// Stops and targets : Enter your protection stops and profit targets here
SET STOP PTRAILING 82
SET TARGET PROFIT 182

DEFPARAM CUMULATEORDERS = false

DEFPARAM PRELOADBARS = 200

//bear

bear = supertrend[12,28]

c1 = (close < bear)

bear2 = supertrend[3,10]

c2 = (close < bear2)

//////////////////////////////////

//bull

//bull = supertrend[30,210]

//c3 = (close < bull)

a = High[0] - Low[0]

b = Min(Open[0], Close[0]) - Low[0]

c = b/a

d = c*2

//abcd = condition

// Conditions to enter long positions

//IF NOT LongOnMarket AND a and b and c and d THEN

//BUY 1 CONTRACTS AT MARKET

//ENDIF

// Conditions to exit long positions

//If LongOnMarket AND YourConditions THEN

//SELL AT MARKET

//ENDIF

// Conditions to enter short positions

IF NOT ShortOnMarket AND c1 and c2 and d THEN

SELLSHORT 1 CONTRACTS AT MARKET

ENDIF

// Conditions to exit short positions

//IF ShortOnMarket AND c3 THEN

//EXITSHORT AT MARKET

//ENDIF

// Stops and targets : Enter your protection stops and profit targets here

SET STOP PTRAILING 82

SET TARGET PROFIT 182

UkDownUnder

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12/06/2020 at 11:40 AM #152725

UkDownUnder

Hi,

Tided up some lo0se ends on that with advice taken onboard, thanks.

Also added another condition

bear3 = supertrend[36,211]
c3 = (close < bear3)

seems much better,

Still would like to learn how to streamline the supertrend read code as an indicator/ condition, i will check the PRT manual,

Regards and Thanks

UkDownUnder

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12/06/2020 at 11:47 AM #152728

Vonasi

‘d’ is still doing absolutely nothing!

a = High[0] - Low[0]
b = Min(Open[0], Close[0]) - Low[0]
c = b/a
d = c*2
 
// Conditions to enter short positions
IF NOT ShortOnMarket AND c1 and c2 and d THEN

a = High[0] - Low[0]

b = Min(Open[0], Close[0]) - Low[0]

c = b/a

d = c*2

// Conditions to enter short positions

IF NOT ShortOnMarket AND c1 and c2 and d THEN

‘d’ is just going to return (the lower shadow as a percentage of the range) x 2. It will always be a positive value so ‘and d’ will always be true.

Vonasi

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12/06/2020 at 11:51 AM #152729

UkDownUnder

yes, just an inert example i throw in,

that i’d seen somewhere in the past,

maybe someone can put life into it,

UkDownUnder

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12/06/2020 at 12:05 PM #152730

Vonasi

Try something like:

a = High[0] - Low[0]
b = Min(Open[0], Close[0]) - Low[0]
c = b/a
d = c*100
 
// Conditions to enter short positions
IF NOT ShortOnMarket AND c1 and c2 and d <= 25 THEN

a = High[0] - Low[0]

b = Min(Open[0], Close[0]) - Low[0]

c = b/a

d = c*100

// Conditions to enter short positions

IF NOT ShortOnMarket AND c1 and c2 and d <= 25 THEN

This sets a condition where the lower shadow must be less than or equal to 25% of the total range.

1 user thanked author for this post.

UkDownUnder

Vonasi

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12/06/2020 at 12:28 PM #152736

UkDownUnder

Thanks,

you nailed it, d was that originally.

i should have never altered it!

Its it possible to explain the function of <= 25

does it relate to less that 25 bars?

UkDownUnder

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12/06/2020 at 1:13 PM #152738

Vonasi

No! 25 is the percentage. So the candles lower shadow is 25% or less of the candles total range.

1 user thanked author for this post.

UkDownUnder

Vonasi

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