Take profit last low / last swing

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  • #183505 Report

    A question regardless of the time frame. As you can see in the picture, my entrances are relatively clear. But that has never been my problem either. My problem is how do I define / code the goal, the takeprofit. Highlighted in color on the picture. In this case it is the final low. Does anyone have an idea how I could code that?

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    #183507 Report

    ArrayMin ?

    https://www.prorealcode.com/documentation/arraymin/

    Or maybe we can’t define Lowest Low until we have a Higher Low?

    Looking at the Chart, how about FastAverage[Period,Type](close) > SlowAverage[Period,Type](close)

    Good Topic! 🙂

    #183508 Report

    Or simply getting out of the backcross MACDHISTO? In the picture the end of the movement. 🤔 Unfortunately, I have no idea about arrays. 😁

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    #183510 Report

    I’ve been doing this all day, manually mind you. With different assets. Wave diver SMA20 / 200 with filter in the M1 works as a mechanical variant. At least today. As I said, I only work from my cell phone at the moment. MACD pullback works very well as well. I’m just looking for a way to get out of the car. An indicator that shows me this or a calculation for the TP.

    #183525 Report

    Did you see the Topic below … MAE using Arrays!

    I might even have a go myself, something new to revitalise interest! 🙂

    https://www.prorealcode.com/topic/mae-maximisation/

    Ha, I fell at the first hurdle … as the code is written, it won’t give us the turning point. Code on the link above is for the MAE after several Orders.  But I’m sure a man of your coding calibre can adapt it phoentzs ? 🙂

    #183529 Report

    Haha I’ve got it doing ‘something’ … there is no exit in the code apart from using Array values!

    Need to do some jobs now, but more later hopefully!

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    #183531 Report

    you should be able to use the inverse of a Donchian stop

    not tested but I think it would be:

    optimize D for how far back you want it to look for the last dip / peak

    #183533 Report

    @ Grahal Thanks for your approach. Maybe you could post your version of the code? I still don’t really get it. 🙈 I had already worked through the subject of arrays. Unfortunately, since I’m not a big coder, I still haven’t understood how it works.

    #183534 Report

    @nonetheless Thanks for the suggestion. I understand this solution. 😁 I could try that.

    #183537 Report
    JS

    Nice idea nonetheless

    But I think it will take profit the moment you enter.

    The price is already above the previous Upper (when Long).

    #183538 Report

    I would also try different values for D upper and D lower, ie DL and DS, as falling price patterns can be very different than rising.

    #183539 Report

    But I think it will take profit the moment you enter.

    not if D = 200 (for example)

    #183540 Report

    Here on the M1 Nasdaq last night. Long entrances green vertical marking and exits in red. The system is the wave diver, works only with the SMAs. But gets out very precisely near the summit.

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    #183544 Report

    Limit fractal low?

    Attachments:
    1. FRACTAL.itf
    #183548 Report

    you could also just use a fast MA with very little lag, like Least Squares or Time Series

     

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