Strategy based on ATR calculated RENKO

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Posts

08/11/2021 at 3:53 PM #175108 quote

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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Posts

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Strategy based on ATR calculated RENKO

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ProRealP @prorealpierre Participant

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This topic contains 2 replies,
has 2 voices, and was last updated by ProRealP
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Topic Details

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

Strategy based on ATR calculated RENKO

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Strategy based on ATR calculated RENKO ProOrder: Automated Strategies & Backtesting

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Strategy based on ATR calculated RENKO

ProOrder: Automated Strategies & Backtesting