Strategy based on ATR calculated RENKO

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  • 08/11/2021 at 3:53 PM #175108 quote
    ProRealP
    Participant
    Senior

    Hello!

    I’m trying to create a system based on atr calculated renko. I found an indicator in an old thread and tried to use that.

    Defparam cumulateorders = false
positionsize = 1

boxsize = AverageTrueRange[14](close)
Period = 1000
boxsize = average[period]
 
once topprice = close
once bottomprice = close - boxsize
 
if(high > topprice + boxsize*2) THEN
topprice = close
bottomprice = topprice - boxsize*2
ELSIF (low < bottomprice - boxsize*2) THEN
bottomprice = close
topprice = bottomprice + boxsize*2
ELSE
topprice = topprice
bottomprice = bottomprice
ENDIF

If topprice + boxSize then
buy positionsize contracts at market
endif

If bottomprice - boxSize then
sellshort positionsize contracts at market
endif

    It works for going long, but won’t sell short, and I can’t figure out why. Any ideas?
    Thanks!

    08/11/2021 at 5:06 PM #175111 quote
    GraHal
    Participant
    Master

    You appear to have 2 values for boxsize …

     

    boxsize = AverageTrueRange[14](close)
Period = 1000
boxsize = average[period]
    ProRealP thanked this post
    08/11/2021 at 6:59 PM #175119 quote
    ProRealP
    Participant
    Senior

    Silly me! Too much copy/paste.

    It works now when using the ATR.

    GraHal thanked this post
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Strategy based on ATR calculated RENKO


ProOrder: Automated Strategies & Backtesting

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ProRealP @prorealpierre Participant
Summary

This topic contains 2 replies,
has 2 voices, and was last updated by ProRealP
4 years, 6 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 08/11/2021
Status: Active
Attachments: No files
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