SA40 Hammer 5min

• 03/07/2018 at 9:39 AM #64651
  Louwrens

  Hi. One of my 1 million attempts at this. In my opinion it done not look that bad. I would like to manage the draw down a bit better. Any comments and suggestions would be appreciated.  Some of the trades opens when the market is in complete opposite direction. That would help if that could be managed as well.

  The system uses bullish and bearish hammers following a short trend. I am not sure if something like this is to simple. Best results on the 5min. Sorry about the sloppy coding and I Have not yet added comments in the code

   

  SA40 Hammer 5min

  DEFPARAM CUMULATEORDERS = true IF Close < Open then UW = high - open LW = close - low Body = open -close else UW = high- close LW = open - low body = close - open endif IF UW < (LW/10) and LW > Body then Bullhammer = 1 else bullhammer = 0 ENDIF Downtrend = low[5] > low[4] and low[4] > low[3] and low[3] > low[2] and low[2] > low[1] ATR = Highest[51](high) - Lowest[51](low) IF Downtrend and Bullhammer and Close > Close[1] then buy 2 contract at market bullhammer = 0 endif Set Target pprofit ATR*1.2 set stop ploss ATR Uptrend = high[5] < high[4] and high[4] < high[3] and high[3] < high[2] and high[2] < high[1] IF LW < (UW/10) and UW > body then Bearhammer = 1 else Bearhammer = 0 ENDIF If Uptrend and Bearhammer and Close < Close[1] then Sellshort 2 contract at market Bearhammer = 0 ENDIF

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41

  DEFPARAM CUMULATEORDERS = true   IF Close < Open then UW = high - open LW = close - low Body = open -close else UW = high- close LW = open - low body = close - open endif   IF UW < (LW/10) and LW > Body then Bullhammer = 1 else bullhammer = 0 ENDIF   Downtrend = low[5] > low[4] and low[4] > low[3] and low[3] > low[2] and low[2] > low[1] ATR = Highest[51](high) - Lowest[51](low)   IF Downtrend and Bullhammer and Close > Close[1] then buy 2 contract at market bullhammer = 0 endif   Set Target pprofit ATR*1.2 set stop ploss ATR   Uptrend = high[5] < high[4] and high[4] < high[3] and high[3] < high[2] and high[2] < high[1]   IF LW < (UW/10) and UW > body then Bearhammer = 1 else Bearhammer = 0 ENDIF   If Uptrend and Bearhammer and Close < Close[1] then Sellshort 2 contract at market Bearhammer = 0 ENDIF

   

  

  Louwrens

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  03/08/2018 at 8:40 AM #64721
  Nicolas

  Automatic trading topic go to ProOrder forum! 🙂

  In order to get it correctly ‘universal’ for the stoploss and takeprofit values, you should replace the lines 27 and 28 with:

  Set Target profit ATR*1.2 set stop loss ATR

  1 2	Set Target profit ATR*1.2 set stop loss ATR

  As ploss and pprofit are for points/pips and not real price distance.

  1 user thanked author for this post.

  GraHal

  

  Nicolas

  Keymaster

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