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Pull back strategy

claurent · 2020-03-24T15:31:30+00:00

Hello, I would like to build a code which will buy when the price made a pull back of 50% of the current wave. I would like to set up manually the top and the bottom of the wave when i launch the strategy but if the price continue rising i would need the code to update the new highest and calculate the new level of 50%. I tried this code which is not working properly: defparam preloadbars=10000 bottom = 19844 originaltop = 19966 hh = highest[barindex](high) IF hh > originaltop THEN top = hh ENDIF IF hh < originaltop THEN top = originaltop ENDIF fib50 = ((top - bottom) / 2) + bottom c1 = low[0] <= fib50 IF c1 AND not onmarket THEN BUY 1 CONTRACT AT MARKET ENDIF I tried to backtest it with the graphonprice function but the barindex doesn’t take in consideration the exact period of time i want to test and rather takes all the previous data which bring back a wrong value. GRAPHONPRICE fib50 I would be very gratefull if someone could help me on this matter. Thanks a lot Christophe

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ProOrder: Automated Strategies & Backtesting
Pull back strategy

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03/24/2020 at 4:31 PM #123162 quote
claurent
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Junior
Hello,

I would like to build a code which will buy when the price made a pull back of 50% of the current wave.

I would like to set up manually the top and the bottom of the wave when i launch the strategy but if the price continue rising i would need the code to update the new highest and calculate the new level of 50%.

I tried this code which is not working properly:
```
defparam preloadbars=10000

bottom = 19844
originaltop = 19966

hh = highest[barindex](high)

IF hh > originaltop THEN
top = hh
ENDIF

IF hh < originaltop THEN
top = originaltop
ENDIF

fib50 = ((top - bottom) / 2) + bottom
c1 = low[0] <= fib50
IF c1 AND not onmarket THEN
BUY 1 CONTRACT AT MARKET
ENDIF
```
I tried to backtest it with the graphonprice function but the barindex doesn’t take in consideration the exact period of time i want to test and rather takes all the previous data which bring back a wrong value.
```
GRAPHONPRICE fib50
```
I would be very gratefull if someone could help me on this matter.

Thanks a lot

Christophe
Author

Posts

Viewing 1 post (of 1 total)

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Pull back strategy

ProOrder: Automated Strategies & Backtesting

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Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	03/24/2020
Status:	Active
Attachments:	No files

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Pull back strategy

Stuck on this ProBuilder code?

Pull back strategy ProOrder: Automated Strategies & Backtesting

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Pull back strategy

ProOrder: Automated Strategies & Backtesting