Struggling to code a DAX scalping strategy

• 04/19/2021 at 11:57 AM #167501
  Bob Harris

  Ladies and gents

   

  I am struggling to code a strategy to scalp the open of the DAX that I think should be vey simple,

   

  Staggery is,

  1min candles on the open of the DAX,

  At the open find the high and the low from the pre trading (7pm to 8pm UK time)

  1.when the price breaks above or below this point enter a trade with a 15pt stop loss and a 30 Take profit,

  so far this works fine, however I am struggling to code the next bit, the attached code just does not seem to work

  2. if the profit goes up to 15 points (1R) move the stop loss to break even

  3. if I get stopped out I re-enter if the price crosses the original entry point in the same direction as the original trade

  my full code is below

   

  re-entry not working

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated // Prevents the system from creating new orders to enter the market or increase position size before the specified time noEntryBeforeTime = 080100 timeEnterBefore = time >= noEntryBeforeTime // Prevents the system from placing new orders to enter the market or increase position size after the specified time noEntryAfterTime = 093000 timeEnterAfter = time < noEntryAfterTime // Prevents the system from placing new orders on specified days of the week daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0 ///set pounds per point ppp=1 // set variables to zero once tradestoday =0 Once shorttradestoday =0 Once longtradestoday =0 if time = 010000 then longtradestoday =0 shorttradestoday =0 tradestoday =0 endif //// the pretrade high amd low if time = 080000 then pretradehigh= highest[60](high) pretradelow= lowest[60](low) Endif // Conditions to enter long positions on first move c1 = close > pretradehigh And (Time < 083000) And tradestoday <1 and longtradestoday=0 AND timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry IF c1 THEN BUY PPP PERPOINT AT MARKET longtradestoday =longtradestoday+1 tradestoday = tradestoday+1 ENDIF // Conditions to enter short positions on first move c2 = close < pretradelow And (Time < 083000)And tradestoday <1 AND shorttradestoday=0 And timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry IF c2 THEN SELLSHORT PPP PERPOINT AT MARKET shorttradestoday = shorttradestoday+1 tradestoday = tradestoday+1 ENDIF // Conditions to enter long positions again c10 = longtradestoday =1 and close > pretradehigh And (Time < 092000) AND timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry And Not Onmarket IF c10 THEN BUY PPP PERPOINT AT MARKET longtradestoday =longtradestoday+1 tradestoday = tradestoday+1 ENDIF // Conditions to enter short positions again c20 = shorttradestoday = 1 And close < pretradelow And (Time < 092000)And timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry And Not Onmarket IF c20 THEN SELLSHORT PPP PERPOINT AT MARKET shorttradestoday = shorttradestoday+1 tradestoday = tradestoday+1 ENDIF /// set new SL to break even If LongOnMarket And High > (tradeprice(1) +15) Then SET STOP pLOSS 0 Endif If ShortOnMarket and low < (tradeprice(1) -15) Then SET STOP pLOSS 0 Endif // Stops and targets SET STOP pLOSS 15 Set Target pProfit 30

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  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated   // Prevents the system from creating new orders to enter the market or increase position size before the specified time noEntryBeforeTime = 080100 timeEnterBefore = time >= noEntryBeforeTime     // Prevents the system from placing new orders to enter the market or increase position size after the specified time noEntryAfterTime = 093000 timeEnterAfter = time < noEntryAfterTime     // Prevents the system from placing new orders on specified days of the week daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0   ///set pounds per point ppp=1   // set variables to zero once tradestoday =0 Once shorttradestoday =0 Once longtradestoday =0   if time = 010000 then longtradestoday =0 shorttradestoday =0 tradestoday =0   endif   //// the pretrade high amd low   if time = 080000 then pretradehigh= highest[60](high) pretradelow= lowest[60](low) Endif       // Conditions to enter long positions on first move c1 =  close > pretradehigh And (Time < 083000) And tradestoday <1 and longtradestoday=0 AND timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry     IF c1   THEN BUY PPP PERPOINT AT MARKET longtradestoday =longtradestoday+1 tradestoday = tradestoday+1 ENDIF   // Conditions to enter short positions on first move c2 =  close < pretradelow And (Time < 083000)And tradestoday <1 AND  shorttradestoday=0 And timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry     IF c2  THEN SELLSHORT PPP PERPOINT AT MARKET shorttradestoday = shorttradestoday+1 tradestoday = tradestoday+1 ENDIF     // Conditions to enter long positions again   c10 = longtradestoday =1 and close > pretradehigh And (Time < 092000) AND timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry And Not Onmarket   IF c10 THEN BUY PPP PERPOINT AT MARKET longtradestoday =longtradestoday+1 tradestoday = tradestoday+1 ENDIF   // Conditions to enter short positions again   c20 = shorttradestoday = 1 And close < pretradelow And (Time < 092000)And timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry And Not Onmarket   IF  c20 THEN SELLSHORT PPP PERPOINT AT MARKET shorttradestoday = shorttradestoday+1 tradestoday = tradestoday+1 ENDIF         /// set new  SL to break even If LongOnMarket And High > (tradeprice(1) +15) Then SET STOP pLOSS 0 Endif   If ShortOnMarket and low < (tradeprice(1) -15) Then SET STOP pLOSS 0 Endif               // Stops and targets SET STOP pLOSS 15 Set Target pProfit 30

   

  

  Bob Harris

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  04/19/2021 at 11:49 PM #167558
  robertogozzi

  Try this one:

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated // Prevents the system from creating new orders to enter the market or increase position size before the specified time noEntryBeforeTime = 080100 timeEnterBefore = time >= noEntryBeforeTime // Prevents the system from placing new orders to enter the market or increase position size after the specified time noEntryAfterTime = 093000 timeEnterAfter = time < noEntryAfterTime // Prevents the system from placing new orders on specified days of the week daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0 //set pounds per point ppp=1 // set variables to zero once tradestoday =0 Once shorttradestoday =0 Once longtradestoday =0 if time = 010000 then longtradestoday =0 shorttradestoday =0 tradestoday =0 endif //reenter in case SL is hit if StrategyProfit < StrategyProfit[1] then IF LastTrade = 1 THEN longtradestoday =1 ELSIF LastTrade = 2 THEN shorttradestoday =1 ENDIF endif // the pretrade high amd low if time = 080000 then pretradehigh= highest[60](high) pretradelow= lowest[60](low) Endif // Conditions to enter long positions on first move c1 = close > pretradehigh And (Time < 083000) And tradestoday <1 and longtradestoday=0 AND timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry IF c1 THEN BUY PPP PERPOINT AT MARKET longtradestoday =longtradestoday+1 tradestoday = tradestoday+1 ENDIF // Conditions to enter short positions on first move c2 = close < pretradelow And (Time < 083000)And tradestoday <1 AND shorttradestoday=0 And timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry IF c2 THEN SELLSHORT PPP PERPOINT AT MARKET shorttradestoday = shorttradestoday+1 tradestoday = tradestoday+1 ENDIF // Conditions to enter long positions again c10 = longtradestoday =1 and close > pretradehigh And (Time < 092000) AND timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry And Not Onmarket IF c10 THEN BUY PPP PERPOINT AT MARKET longtradestoday =longtradestoday+1 tradestoday = tradestoday+1 LastTrade = 1 ENDIF // Conditions to enter short positions again c20 = shorttradestoday = 1 And close < pretradelow And (Time < 092000)And timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry And Not Onmarket IF c20 THEN SELLSHORT PPP PERPOINT AT MARKET shorttradestoday = shorttradestoday+1 tradestoday = tradestoday+1 LastTrade = 1 ENDIF // Stops and targets SET STOP pLOSS 15 Set Target pProfit 30 //Breakeven of 15 pips reached IF Not OnMarket THEN ExitPrice = 0 LastTrade = 0 ENDIF IF (PositionPerf * PositionPrice) >= 15 * PipSize THEN ExitPrice = PositionPrice ENDIF IF ExitPrice THEN SELL AT ExitPrice STOP EXITSHORT AT ExitPrice STOP ENDIF

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  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated // Prevents the system from creating new orders to enter the market or increase position size before the specified time noEntryBeforeTime = 080100 timeEnterBefore = time >= noEntryBeforeTime // Prevents the system from placing new orders to enter the market or increase position size after the specified time noEntryAfterTime = 093000 timeEnterAfter = time < noEntryAfterTime // Prevents the system from placing new orders on specified days of the week daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0 //set pounds per point ppp=1 // set variables to zero once tradestoday =0 Once shorttradestoday =0 Once longtradestoday =0 if time = 010000  then longtradestoday =0 shorttradestoday =0 tradestoday =0 endif //reenter in case SL is hit if StrategyProfit < StrategyProfit[1] then IF LastTrade = 1 THEN longtradestoday =1 ELSIF LastTrade = 2 THEN shorttradestoday =1 ENDIF endif // the pretrade high amd low if time = 080000 then pretradehigh= highest[60](high) pretradelow= lowest[60](low) Endif // Conditions to enter long positions on first move c1 =  close > pretradehigh And (Time < 083000) And tradestoday <1 and longtradestoday=0 AND timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry IF c1   THEN BUY PPP PERPOINT AT MARKET longtradestoday =longtradestoday+1 tradestoday = tradestoday+1 ENDIF // Conditions to enter short positions on first move c2 =  close < pretradelow And (Time < 083000)And tradestoday <1 AND  shorttradestoday=0 And timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry IF c2  THEN SELLSHORT PPP PERPOINT AT MARKET shorttradestoday = shorttradestoday+1 tradestoday = tradestoday+1 ENDIF // Conditions to enter long positions again c10 = longtradestoday =1 and close > pretradehigh And (Time < 092000) AND timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry And Not Onmarket IF c10 THEN BUY PPP PERPOINT AT MARKET longtradestoday =longtradestoday+1 tradestoday = tradestoday+1 LastTrade = 1 ENDIF // Conditions to enter short positions again c20 = shorttradestoday = 1 And close < pretradelow And (Time < 092000)And timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry And Not Onmarket IF  c20 THEN SELLSHORT PPP PERPOINT AT MARKET shorttradestoday = shorttradestoday+1 tradestoday = tradestoday+1 LastTrade = 1 ENDIF // Stops and targets SET STOP   pLOSS   15 Set Target pProfit 30 //Breakeven of 15 pips reached IF Not OnMarket THEN ExitPrice = 0 LastTrade = 0 ENDIF IF (PositionPerf * PositionPrice) >= 15 * PipSize THEN ExitPrice = PositionPrice ENDIF IF ExitPrice THEN SELL      AT ExitPrice STOP EXITSHORT AT ExitPrice STOP ENDIF

   

  

  robertogozzi

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  04/20/2021 at 9:03 AM #167577
  Vonasi

  Bob Harris –

  • Give your topic a meaningful title. Describe your question or your subject in your title. Do not use meaningless titles such as ‘Coding Help Needed’. Your title has been edited.

  

  Vonasi

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  11/11/2021 at 4:14 PM #181456
  smp

  Bob Harris wrote:

  I am struggling to code a strategy to scalp the open of the DAX that I think should be vey simple,

  Try this, active risk management to the upside as the downside always go straight to stop if wrong.  A little 5 min direction to stop false breaks

  See what you think?

  

  smp

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