Stopping trading after crossing balance

• 10/07/2021 at 9:26 AM #179171
  egyptiantrader

  Hi all.

  I want to add some code that checks to see if the price is moving above or below a zone perhaps increasing a counter than can be then referred to to stop trading if it’s over a certain number in the last x amount of candles.

  The counter must only increase when the price goes from on side to the other not if it goes into the green box and back out the same side.

  Thanks in advance.

  

  egyptiantrader

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  10/09/2021 at 12:01 PM #179258
  robertogozzi

  There you go:

  Periods = 40 Bullish = close > open Bearish = close < open HH = highest[Periods](close) LL = lowest[Periods](close) Rng = (HH - LL) / 4 IF (HH <> HH[1]) OR (LL <> LL[1]) THEN Tally = 0 ENDIF HItouch = high >= HH LOtouch = low <= LL IF HItouch AND Bullish THEN Tally = Tally + 1 DrawText("#Tally#",BarIndex,HH + Rng) ENDIF IF LOtouch AND Bearish THEN Tally = Tally + 1 DrawText("#Tally#",BarIndex,LL - Rng) ENDIF RETURN HH AS "Top",LL AS "Bottom"

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

  Periods = 40 Bullish = close > open Bearish = close < open HH      = highest[Periods](close) LL      = lowest[Periods](close) Rng     = (HH - LL) / 4 IF (HH <> HH[1]) OR (LL <> LL[1]) THEN    Tally = 0 ENDIF HItouch = high >= HH LOtouch = low  <= LL IF HItouch AND Bullish THEN    Tally = Tally + 1    DrawText("#Tally#",BarIndex,HH + Rng) ENDIF IF LOtouch AND Bearish THEN    Tally = Tally + 1    DrawText("#Tally#",BarIndex,LL - Rng) ENDIF RETURN HH AS "Top",LL AS "Bottom"

  The count is cleared anytime one of the two limits changes.
  You can embed this code in your strategy (without the last line) and make your trading decisions according to the value retained by TALLY.

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  robertogozzi

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  10/09/2021 at 12:21 PM #179261
  GraHal

  Link to above added as Log 307 here …

  Snippet Link Library

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  GraHal

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  10/09/2021 at 1:06 PM #179262
  robertogozzi

  You can also try replacing lines 4-5 with:

  HH = highest[Periods](max(open,close)) LL = lowest[Periods](min(open,close))

  1 2	HH      = highest[Periods](max(open,close)) LL      = lowest[Periods](min(open,close))

  This will make limits change a bit more frequently, thus clearing the count more often.

   

  

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  10/11/2021 at 3:05 PM #179399
  egyptiantrader

  Thank you.

  Would it be possible to not reset the counter if the price goes in then out of the same side?  I don’t want it to add to the counter but I also don’t want it to reset.

  To be clear I want the counter to increase each time the price goes from one side to the other in a given period.

  I have the variables “upper” and Lower set in the code I assume I can just switch HH and LL for my terms?

  Thank you for your help, I really appreciate it.

  

  egyptiantrader

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  10/13/2021 at 11:32 AM #179572
  robertogozzi

  There you go:

  ONCE Periods = 20 ONCE Alternate = 1 //1=only alternate touches, 0=all touches ONCE HItouch = 0 ONCE LOtouch = 0 ONCE LastType = 0 //1=HItouch, -1=LOtouch Bullish = close > open Bearish = close < open HH = highest[Periods](close) //highest[Periods](max(open,close)) LL = lowest[Periods](close) //lowest[Periods](min(open,close)) IF (HH <> HH[1]) OR (LL <> LL[1]) THEN Tally = 0 LastType = 0 ENDIF Rng = (HH - LL) / 4 HItouch = high >= HH LOtouch = low <= LL IF HItouch THEN LastType = 1 ELSIF LOtouch THEN LastType = -1 ENDIF IF HItouch AND Bullish AND LastType = 1 AND ((Tally = 0) OR (Not Alternate) OR (Alternate AND (LastType <> 1))) THEN Tally = Tally + 1 DrawText("#Tally#",BarIndex,HH + Rng) ENDIF IF LOtouch AND Bearish AND LastType = -1 AND ((Tally = 0) OR (Not Alternate) OR (Alternate AND (LastType <> -1))) THEN Tally = Tally + 1 DrawText("#Tally#",BarIndex,LL - Rng) ENDIF RETURN HH AS "Top",LL AS "Bottom"

  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

  ONCE Periods   = 20 ONCE Alternate = 1   //1=only alternate touches,   0=all touches ONCE HItouch   = 0 ONCE LOtouch   = 0 ONCE LastType  = 0   //1=HItouch,  -1=LOtouch Bullish        = close > open Bearish        = close < open HH             = highest[Periods](close)  //highest[Periods](max(open,close)) LL             = lowest[Periods](close)   //lowest[Periods](min(open,close)) IF (HH <> HH[1]) OR (LL <> LL[1]) THEN    Tally       = 0    LastType    = 0 ENDIF Rng            = (HH - LL) / 4 HItouch        = high >= HH LOtouch        = low  <= LL IF HItouch THEN    LastType    = 1 ELSIF LOtouch THEN    LastType    = -1 ENDIF IF HItouch AND Bullish AND LastType = 1 AND ((Tally = 0) OR (Not Alternate) OR (Alternate AND (LastType <> 1))) THEN    Tally       = Tally + 1    DrawText("#Tally#",BarIndex,HH + Rng) ENDIF IF LOtouch AND Bearish AND LastType = -1 AND ((Tally = 0) OR (Not Alternate) OR (Alternate AND (LastType <> -1))) THEN    Tally       = Tally + 1    DrawText("#Tally#",BarIndex,LL - Rng) ENDIF RETURN HH AS "Top",LL AS "Bottom"

  I think this won’t be useful as it is coded, since it hardly counts higher than 1.
  You need to define another way to spot the area, other than using close (I used CLOSE as you posted no hints about the definition of that area).

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  10/14/2021 at 9:24 AM #179654
  egyptiantrader

  Thanks. I should be able to adjust to fit into my algo.

  Can you recommend a good teacher/course/tutorials where I can improve my coding? I’m about halfway through the advanced course and it’s getting to the stage where it’s becoming hard to follow without having exercises etc to practice the previous chapters.

  I’m only about a month into coding, I feel like I’m maybe missing some background knowledge on concepts etc.

  

  egyptiantrader

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  10/14/2021 at 10:10 AM #179662
  robertogozzi

  Sorry, I don’t know of any course.

  Maybe you can find some on the Marketplace https://market.prorealcode.com/?prcmaf=9f7907cc&from=home.

   

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  10/15/2021 at 8:35 AM #179707
  GraHal

  Maybe you are trying to get in too deep too quick?

  Have you coded up a simple strategy all on your own?

  Using the Assisted Creation tool is good also as then you can see what the code should be and you can then duplicate a System and modify it.  If your modified system system does not run, you can easily compare to the original system which will still run etc.

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  GraHal

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  10/19/2021 at 6:59 PM #179981
  egyptiantrader

  Hi. I have created several simple systems and got them working as expected. I now want to move on to more advanced coding/concepts that i can use to create a profitable strategy. I think this would be a much quicker process with a mentor/tutor or a course that had some problems/questions set that needed to be coded and feedback on the code you produce.

  Maybe a programming course that uses a different language with the same concepts?

  

  egyptiantrader

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  10/19/2021 at 7:47 PM #179987
  GraHal

  Did you see these …

  https://market.prorealcode.com/product-category/private-courses/

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  GraHal

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  10/20/2021 at 6:56 AM #179997
  GraHal

  Idea for you … have a go at coding these two strategies and then compare your code to what is / will be provided by our resident and kind Coding Wizard Roberto?

  https://www.prorealcode.com/topic/coding-request-for-ema9-wma30-strategy/

  https://www.prorealcode.com/topic/ea-with-multiple-bb/#post-179993

   

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  GraHal

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  10/20/2021 at 8:39 AM #180000
  egyptiantrader

  Yes I saw those courses but i was looking for recommendations and maybe something a bit more comprehensive.

  

  egyptiantrader

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  10/20/2021 at 8:42 AM #180001
  egyptiantrader

  Thanks, I’ll give it a go. Should be interesting/funny what I come up with compared to Roberto and I’m sure I’ll learn something. Great suggestion, thanks.

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