SuperTrend Strategy – Trendless Market Detection

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  • 04/05/2016 at 10:28 AM #4882 quote
    minmax
    Participant
    Average

    The SuperTrend Indicator works very well as long as there is a trend but it will throw away it’s profit in a quiet market, I’d like to run the strategy 24×5, so I’m looking to define a trendless market and make an indicator, such as..

    HighPoint = highest[10](high)
LowPoint = lowest[10](low)

if HighPoint - LowPoint <10 then
NoTrade = 1
else
NoTrade=0
endif
return NoTrade AS "No Trade"

    The problem is that will stop the market from trading until after a move has taken place and the market range has increased above the minimum (i.e. 10 points)

    I’m talking about quiet fast chart resolutions (less than 30s), with which the normal Strength and Momentum indicators don’t seem to work as well.

    Is there any other solution to the problem?

    Regards

    Steve

    04/05/2016 at 12:06 PM #4884 quote
    Nicolas
    Keymaster
    Master

    Hello Steve,

    Indicators need informations to be drawn, so price must be out your range boxes before giving you a useful trigger to relaunch trades operations.

    Maybe you should use another strategy into your strategy whenever the market is ranging, defined by your high/low boxes. Breaking out those boxes is obviously nothing else than testing if price has piercing their highest and lowest values.

    04/05/2016 at 12:15 PM #4885 quote
    minmax
    Participant
    Average

    Thanks Nicolas, I think a confirmation from a slower SuperTrend would help (i.e. if running 5s, get trend confirmation from 30s/1m), is it possible to do that?

    This thread http://www.prorealcode.com/topic/multitimeframe-indicator/ suggests to me it it possible.

    Regards

    Steve

    04/05/2016 at 1:01 PM #4887 quote
    Nicolas
    Keymaster
    Master

    That’s a good idea. I were thinking of that in a first instance. It is somehow often more reliable to stay in position than exit while in profit, in trend trading because of market whipsaw.

    Though be aware that you cannot do autotrade in less than 1 minute timeframe in ProOrder.

    04/05/2016 at 2:59 PM #4888 quote
    minmax
    Participant
    Average

    Thanks Nicolas, I spoke to IG, they say all timeframes are supported, can you tell me more about the 1 minute limitation.

     

    Regards

    Steve

    04/05/2016 at 4:08 PM #4889 quote
    Nicolas
    Keymaster
    Master

    Sorry, yes it is possible to auto-trade in “x seconds” timeframe, I were referring to tick charts, my bad .. 🙂

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SuperTrend Strategy – Trendless Market Detection


ProOrder: Automated Strategies & Backtesting

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minmax @minmax Participant
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This topic contains 5 replies,
has 2 voices, and was last updated by Nicolas
9 years, 10 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 04/05/2016
Status: Active
Attachments: No files
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