bull & bear volumes strategy

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Viewing 15 posts - 1 through 15 (of 15 total)
  • 03/21/2018 at 6:10 PM #66009
    Meta Signals Pro

    Hi there,

    I am trying to set a simple strategy based on this indicator

    https://www.prorealcode.com/prorealtime-indicators/bear-bull-volume-indicator/

    Here are the conditions:

    BUY :

    • if the bull-volume-green-bar CROSSES (i.e is superior) the simple moving average of the past 23 bull-volumes
    • if the bull-volume-green-bar CROSSES (i.e is superior) the simple moving average of the past 23 bear-volumes

    SELL:

    • if the bear-volume-green-bar CROSSES the simple moving average of the past 23 bull-volumes
    • if the bear-volume-green-bar CROSSES the simple moving average of the past 23 bear-volumes

    I tried to use the automatic coding system but it does not work; I tried also to code it myself using moving average but it is not working either.

    Can anyone help me on this?

    Thanks

    Chris

     

     

    Bear and Bull volume indicator

    03/21/2018 at 9:47 PM #66020
    GraHal
    Kris75 wrote:

    BUY : if the bull-volume-green-bar CROSSES (i.e is superior) the simple moving average of the past 23 bull-volumes

    if the bull-volume-green-bar CROSSES (i.e is superior) the simple moving average of the past 23 bear-volumes

    SELL: if the bear-volume-green-bar CROSSES the simple moving average of the past 23 bull-volumes

    if the bear-volume-green-bar CROSSES the simple moving average of the past 23 bear-volumes

    I don’t understand above (but that’s okay cos it’s not my system! 🙂 ) as you refer ONLY to green bars in both Buy and Sell conditions??

    Looking at the Chart I would say as attached??

    Just a few thoughts? Maybe wrong??
    GraHal

    03/21/2018 at 11:06 PM #66029
    Meta Signals Pro

    Hi Grahal,

    Thanks for your interest;

    > BUY is actually an entry when the green bar crosses the 2 averages (bear and bull volumes)

    > SELL is an Exit when the red bar crosses the 2 averages (bear and bull volumes)

    Would you know how to code this ?

    Best

    Chris

    03/21/2018 at 11:40 PM #66030
    GraHal

    You need to code a Buy, Sell, SellShort, Exitshort into the code below … in place of the Return at the bottom.

    I might have a go tomoz, but off to bed now 🙂

    Here’s a start if you are nightbird??  Not tested, but all the hard work has been done by @gabri in his Bear Bull Vol Indicator.

    PS volbear looks like it needs to be more than volbear – volume ?

     

     

     

    03/22/2018 at 8:15 PM #66117
    gabri

    Chris,

    here’s the code. I assumed that when you wrote “if the bear-volume-green-bar CROSSES the simple moving” you actually meant “if the bear-volume-RED-bar CROSSES the simple moving”. I just want to add a personal note, from a NON BELIEVER in automatic trading. I am a discretional trader because I think that there is no way to substitute a mediocre brain with a super computer. I made this indicator to help to analyse with the Wyckoff method a certain stock. This indicator is supposed to confirm or not the price action of a stock inside a trading range and define the phase the stock is in. It might work in other situations but it was never tested for this purpose.

     

    Gabriele

     

    3 users thanked author for this post.
    avatar Meta Signals Pro, avatar Nicolas, avatar GraHal
    03/22/2018 at 8:28 PM #66120
    robertogozzi

    To write code, please use the <> “insert PRT code” button.

    Thank you.

    03/22/2018 at 11:14 PM #66132
    GraHal

    Thought I’d give it a whirl! 🙂 Period 18 and spread = 2

    Tried adding various to reduce that long slide in equity curve, but none made enough difference to leave in the code.

    GraHal

    03/23/2018 at 10:17 AM #66147
    Meta Signals Pro

    Hey Gabriele,

    Thank you very much for your reply, your time and code expertise (and your self correction of the trigger 🙂

    You made my day !

    Did you try this strategy directly inspired by your brillant indicator?

    Is there a way to emprove it?

    Cheers,

    Chris

    PS : thanks Grahal for your support; I am checking it right away;

    03/23/2018 at 10:39 AM #66148
    Meta Signals Pro

    Sorry Gabriele,

    Just red more closely your warnings about “industrialising” this strategy and your message indirectly answering my questions.

    ; thanks also for pointing out this Wyckoff that is just what I needed to formalize my intuitions and method;

    I would be interested in sharing thoughts in MP; I have just a few questions promise;

    here is my mail ct197475 (at) hotmail.fr;

    Chris

    03/23/2018 at 11:51 AM #66159
    GraHal

    Yeah Kris75 ,  it’s an interesting one alright! 🙂

    Be good if you can work it so that gain doesn’t slip away over the following weeks?

    Cheers
    GraHal

    03/23/2018 at 1:43 PM #66172
    GraHal

    I’ve got it running on Demo, the last 2 trades entered at a good logical point and went to a very good profit in a short time, but then the profit turned to loss.

    So the entry may be okay (but only 2 trades in last 2 hours) but the Exit may need work (but aren’t exits nearly always a pain to get right?).

    03/23/2018 at 1:57 PM #66175
    gabri

    I did, sometimes it’s not taken. 🙂

    03/23/2018 at 2:06 PM #66176
    gabri

    @grahal even in a markup phase of the market a crossing signal might not be the right entry sometimes. You have to exit your long position when you start to see distribution and this means:

    1. When the target is met;
    2. When the uptrend line is broken;
    3. when volumes are showing selling pressure in a range market (and in this case you will see bulls stronger than bears)

    Hard to make this automatic….at least for me 😀

     

    03/23/2018 at 2:54 PM #66178
    GraHal

    I agree gabri and hard for me also! 🙂

    I have moved over to a weird way of trading (most would think?)  but I try anything and everything … keeps my interest up!

    I enter via a coded Strat, which also has coded exits, but I nearly always see that the trade needs to exit before the exit code executes (for similar reasons as you say above). So I exit manually and then pop the Strat back running again! 🙂

    It looks (from Demo performance this morning) that your code could be a good candidate for my weird trading method! 🙂  I’ll have to get into your code and Wyckoff fully then give it a shot!

    Thank You
    GraHal

    03/24/2018 at 8:21 AM #66234
    gabri

    GraHal, I actually think you have a very smart strategy.

    1 user thanked author for this post.
    avatar GraHal
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