Simple Code but Stuck

• 06/18/2023 at 7:25 AM #216399
  Trader Sab

  Good morning

  To save myself I can’t figure out why this simple code needs an entry price when I want it to buy 1 lot at market.

  I get the error message THE FOLLOWING VARIABLE IS UNDEFINED: ENTRYPRICE

  Thanks for some pointers.

  //Lady Luck by Flavia

  // Define the trading time
  TradingTime = 215900

  // Define the profit target
  ProfitTarget = 2

  // Check if the current time is 21:59
  if Time = TradingTime then
  Buy 1 lot at market
  endif

  if LongOnMarket and (close – entryprice) >= ProfitTarget then

  Sell 1 lot at market
  endif

   

   

  

  Trader Sab

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  06/18/2023 at 8:26 AM #216401
  GraHal

  Try …

  if LongOnMarket and (close – tradeprice) >= ProfitTarget then Sell 1 lot at market endif

  1 2 3 4

  if LongOnMarket and (close – tradeprice) >= ProfitTarget then   Sell 1 lot at market endif

   

  

  GraHal

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  06/18/2023 at 8:29 AM #216402
  JS

  Hi @Trader Sab

  You must replace the “EntryPrice” with “TradePrice”…

  The “EntryPrice” is not a defined term in PRT so the code sees it as a variable that has no value… hence the error message…

  Lady Luck

  //Lady Luck by Flavia // Define the trading time TradingTime = 215900 // Define the profit target ProfitTarget = 2 // Check if the current time is 21:59 if Time = TradingTime then Buy 1 lot at market endif if LongOnMarket and (close - TradePrice) >= ProfitTarget then Sell 1 lot at market endif

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

  //Lady Luck by Flavia   // Define the trading time TradingTime = 215900   // Define the profit target ProfitTarget = 2   // Check if the current time is 21:59 if Time = TradingTime then Buy 1 lot at market endif   if LongOnMarket and (close - TradePrice) >= ProfitTarget then   Sell 1 lot at market endif

  

  JS

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  06/18/2023 at 9:43 AM #216407
  Trader Sab

  This code doesn’t open any positions as I have written it.  I am really not sure why.

  Do you have another suggestion_

  Thanks very much for helping out

  

  Trader Sab

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  06/18/2023 at 9:49 AM #216408
  Trader Sab

  I am glad it worked for you. However I can’t get it to work. The script doesn’t open any trades on backtesting.

  I have changed it but the system still doesn’t open any trades on backtesting.

  Would you mind to send me the script you used?

  Thank you very much

   

  

  Trader Sab

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  06/18/2023 at 9:55 AM #216409
  JS

  Hi,

  Do you use a TimeFrame of 1 minute (or less)…?

  

  JS

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  06/18/2023 at 9:57 AM #216410
  Trader Sab

  You are a champ, I was on the wrong timeframe. Was writing a script before for a hour chart.

  Blond after all, thanks a million!

  1 user thanked author for this post.

  JS

  

  Trader Sab

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  07/07/2023 at 12:24 PM #217403
  Trader Sab

  Hi JS

  I was wondering if you could help me with again this very simple trading strategy that I would like to automate. On 1 min chart, buy long when ChikouSpan breaks above the cloud profit target 400 and trailing stoploss 25 (for an inital trial) might have to use 40 though. PRT doesn’t like my variable definition and the calculation of the Chikou Span. Highlighted in bold.

  Here is my code so far:

  // Definition of code parameters
  DEFPARAM CumulateOrders = False // Cumulating positions deactivated
  DEFPARAM FLATBEFORE = 083000
  DEFPARAM FLATAFTER = 172900// Definition of code parameters

  // Declare variables
  var chikouSpan(0), cloudTop(0), cloudBottom(0);
  var inTrade(false);

  // Calculate Chikou Span value
  chikouSpan = close[26];

  // Calculate cloud boundaries

   

  I attached the manal trade I did yesterday with this strategy. I would truely appreciate your support as I spent all morning trying to get it done.

  Thanks a lot.

  Best Regards

   

  

  Trader Sab

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  07/07/2023 at 2:01 PM #217406
  JS

  <p style=”font-weight: 400;”>Hi Trader Sab,</p>
  <p style=”font-weight: 400;”></p>
  <p style=”font-weight: 400;”>I’ll have to figure this out because I’ve never used Ichimoku with anything that belongs there…</p>
  <p style=”font-weight: 400;”>Probably pieces need to be programmed because I only come across a standard indicator in PRT…</p>

  

  JS

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  07/07/2023 at 4:20 PM #217415
  Trader Sab

  Many thanks, I don’t use the ichimoku cloud for anything else than when the line crosses over.

  Sorry it didn’t copy all the code before:

   

  // Definition of code parameters
  DEFPARAM CumulateOrders = False // Cumulating positions deactivated
  DEFPARAM FLATBEFORE = 083000
  DEFPARAM FLATAFTER = 172900

  // Declare variables
  var chikouSpan(0), cloudTop(0), cloudBottom(0);
  var inTrade(false);

  // Calculate Chikou Span value
  chikouSpan = close[26];

  // Calculate cloud boundaries
  cloudTop = max(tenkanSen[9], kijunSen[26]);
  cloudBottom = min(tenkanSen[9], kijunSen[26]);

  // Entry condition
  if (ValueWhen(chikouSpan > cloudTop, chikouSpan, 1) = chikouSpan) and (not inTrade) then
  buy at market;
  inTrade = true;
  ENDIF

  // Exit condition
  if (ValueWhen(chikouSpan < cloudBottom, chikouSpan, 1) = chikouSpan) and inTrade then
  sell at market;
  inTrade = false;
  ENDIF

  Stops and Targets
  SET STOP $TRAILING 25
  SET TARGET $PROFIT 400

   

  I truly appreciate you having a look at it. Very thankful, as it is a great strategy but a bit tedious to look at on the 1 min chart. (I actually hate to trade 1 min charts!!!)

  

  Trader Sab

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  07/07/2023 at 7:04 PM #217423
  JS

  Hi @Trader Sab

  What signals do you want to use?

  The “normal” Close above the cloud is Long?

  The “normal” Close under the cloud is Short?

  Both Long and Short or only Long?

  Or are you using a different signal…?

  

  JS

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  07/07/2023 at 9:24 PM #217426
  Trader Sab

  Hi JS

  I started coding it but could get the long signal working, so I asked you for help after many hours trying to figure it out.

  Ultimately I like to use it long and short.

  Here is today’s manual trade. First the long and then the short set up. It is really simple but very effective, especially if we have a clear trend.

  Thank you so much for helping me out.

   

   

  

  Trader Sab

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  07/08/2023 at 6:50 AM #217429
  JS

  Hi,

  I think I have bad news, the Ichimoku Kinko Hijo is a great indicator but unsuitable to make it an automatic trading system.

  This is because SenkouSpanA and SenkouSpanB are plotted in the future (BarIndex+26) and the ChikouSpan in the past (BarIndex-26).

  Although I can calculate with previous values, for example Close[n], there is no possibility to calculate with shifted values, for example Close[n] shifted to BarIndex+26…

  There is an Ichimoku trading system in the library, but it uses the wrong values for example:

  SenkouSpanA  = (Tenkansen[M]+Kijunsen[M])/2  //Default setting M = 26

  While the correct calculation should be:

  SenkouSpanA = (TenkanSen + KijunSen)/2 and shifted this to BarIndex+26

  Perhaps someone else knows how to calculate with values that have shifted over time?

  

  JS

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