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• 03/21/2022 at 6:26 PM #190293
  deleted23092025

  Hi folks!

  I am trying to fit this filter into my code, but can not really figure out how to write it in code.

  Lets say for example I trade Nasdaq and entry long @ 14216 and it runs to stoploss. Next hour or within 3 days it’s back to 14216 and it takes long again (I want to prevent this) as it is probably in a range (and high chance to run to stoploss again).

   

  If //latest short position lost with entry @ 34 382 Then
  //don’t trade short with the interval 0.1% from @34 382 for the next 3 days

  endif

  if
  //latest long position lost with entry @ 34 382 Then
  //don’t trade long with the interval 0.1% from @34 382 for the next 3 days
  EndIf

  

  deleted23092025

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  03/22/2022 at 12:36 PM #190320
  robertogozzi

  Not tested:

  ONCE UpperLimit = 0 ONCE LowerLimit = 0 ONCE PerCent = 0.1 IF OnMarket AND Not OnMarket[1] THEN MyPC = (TradePrice * PerCent / 100) UpperLimit = TradePrice + MyPC LowerLimit = TradePrice - MyPC ENDIF IF StrategyProfit > StrategyProfit[1] THEN UpperLimit = 0 LowerLimit = 0 ENDIF EntryCondition = (((close >= UpperLimit) OR (close <= LowerLimit)) AND (UpperLimit <> LowerLimit)) OR (UpperLimit = LowerLimit) IF MyLongConditions AND EntryCondition THEN BUY 1 CONTRACT AT MARKET ENDIF IF MyShortConditions AND EntryCondition THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19

  ONCE UpperLimit = 0 ONCE LowerLimit = 0 ONCE PerCent    = 0.1 IF OnMarket AND Not OnMarket[1] THEN    MyPC       = (TradePrice * PerCent / 100)    UpperLimit = TradePrice + MyPC    LowerLimit = TradePrice - MyPC ENDIF IF StrategyProfit > StrategyProfit[1] THEN    UpperLimit = 0    LowerLimit = 0 ENDIF EntryCondition = (((close >= UpperLimit) OR (close <= LowerLimit)) AND (UpperLimit <> LowerLimit)) OR (UpperLimit = LowerLimit) IF MyLongConditions AND EntryCondition THEN    BUY 1 CONTRACT AT MARKET ENDIF IF MyShortConditions AND EntryCondition THEN    SELLSHORT 1 CONTRACT AT MARKET ENDIF

  

  robertogozzi

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  04/19/2022 at 9:04 AM #191865
  deleted23092025

  Thank you so much Roberto!

  After some thinking what the problem usually is.. The problem often is trendfollowing algos which get in some consonlidation phase. I attached picture to explain it, in the brown box the algo starts long position and in the red box the algo think the trend is short and start short position. But when you zoom out a bit on 1 hour timeframe (this is on DAX) it is pretty simple to see it is in a range.

  Does anyone have some ideas how you could prevent lower TF trending algorithms to not in this example enter long in brown zone and short in red zone on 1h timeframe.

  All ideas are welcome!

  

  deleted23092025

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  04/19/2022 at 9:35 AM #191867
  robertogozzi

  Using MTF (Multiple Time Frames) may help you better detect such periods. There will never be an accurate way to avoid those traps, but for sure higher TFs grant better signals.

  If you have never used MTF, you can search that word to be reported many useful links to instructions, blogs, articles and many examples on that subject.

   

  

  robertogozzi

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  04/19/2022 at 9:56 AM #191870
  deleted23092025

  I know MTF will be the perfect fit for this. I know how to use MTF, I just  wanted to know if someone had some good ideas in terms of code for not trading in ranges like this.

  

  deleted23092025

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  04/19/2022 at 4:39 PM #191907
  robertogozzi

  You can find some useful hints and ideas at https://www.prorealcode.com/topic/range-consolidation-indicator-wanted/#post-175685 and https://docs.google.com/spreadsheets/d/1rgboqj7sVwsP9ZRhOduOefye48QMWC07jWVXCl-KJPU/edit#gid=0.

   

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  robertogozzi

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