Strategy in two different timeframes

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02/11/2019 at 1:36 PM #91054 quote

Participant

Veteran

Can anyone help me. I trying to build a startegy in 1min timeframe. It looks for short signals only. Let’s say when strategy has a short signal on 1m timeframe when close <movingavarage 5. But I also want a red Heikin-Ashi candle on 1 hour timeframe. Someone who can tell if it works

02/11/2019 at 3:13 PM #91072 quote

robertogozzi

Moderator

Legend

Try this one (not tested):

TIMEFRAME(1 hour,updateonclose)
// Heikin-Ashii candle setup
if barindex > 0 then
   xClose  = (open+close+low+high)/4
   xOpen   = (xOpen[1]+xClose[1])/2
   //haHigh  = Max(xOpen, xClose)
   //haLow   = Min(xOpen, xClose)
   //xHigh   = Max(High,haHigh)
   //xLow    = Min(Low,haLow)
else
   xClose  = (open+close+low+high)/4
   xOpen   = (Open[1]+Close[1])/2
   //haHigh  = Max(xOpen, xClose)
   //haLow   = Min(xOpen, xClose)
   //xHigh   = Max(High,haHigh)
   //xLow    = Min(Low,haLow)
endif
Cond1 = xOpen > xClose                     //BEARish HA candlestick

TIMEFRAME(1 minute,updateonclose)
Cond2 = close < average[5,0](close)        //current price < SMA5

TIMEFRAME(default)
IF Cond1 AND Cond2 AND Not OnMarket THEN
    SELLSHORT 1 CONTRACT AT MARKET
ENDIF
SET TARGET pPROFIT 50
SET STOP   pLOSS   20

You must launch it from a 1-minute chart (or below, provided 1 hour and 1 minute are multiples of that TF).

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02/12/2019 at 9:08 AM #91125 quote

Crillezz

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Veteran

Thanks so much. It opened a whole new world to me.

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Strategy in two different timeframes

ProOrder: Automated Strategies & Backtesting

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Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	02/11/2019
Status:	Active
Attachments:	No files