@Despair… don’t despair. 🙂

Maybe you can show some screenshots? I agree, the number of identified trades would be low, but they will be there. Which instrument did you test?

As a sample, I’ve put in a TD Setup combined with Engulfing, which I am running in the Demo environment for some weeks now. The low amount of trades is due to my “over optimization”.  I believe, if we by using countdown can time the “reverse” trading more accurately and with TDST support/resistance as SL and targets… it will be powerful.

TD-setup.png

Hi’ guys,

Some feedback on this topic. I’ve tested the code written by @Despair with a slight modfication, where I added:  Bullish Engulfing, Aroon Up/Down and volume.  Further, I tried to add the Support and Resistance lines as defined by Demark, but without any luck – hence code is disabled.  Also, I added some exit conditions.

It started out very well for the first three months, but then the performance worsened. Pictures added.

However, I still see a potential in it…so maybe we can collaborate around an enhanced version, where we add:

1. Support and Resistance lines as defined by Demark and ensure the TDemark setup only triggers if the price stays within these lines
2. Add enhanced 2nd and 3rd “confirming” signals
3. Add improved exit conditions, profit and SL

Code is here:

//-------------------------------------------------------------------------
// Main code : TDemark_DAX v2 1m
//-------------------------------------------------------------------------
DEFPARAM CUMULATEORDERS = FALSE
//DEFPARAM FLATBEFORE = 080000
//DEFPARAM FLATAFTER = 230000

/////******  TDE SETUP / COUNTDOWN


once TDSL=0
once TDSS=0
once BuySetup=0
once SellSetup=0
Once BuyCountdown=0
once SellCountdown=0

Once BuyConditionTDSetup = 0
Once BuyConditionTDSetup = 0
Once BuyConditionTDCount = 0
Once ShortConditionTDCount = 0

if close[1]>close[5] and close<close[4] then
bearishflip=1
bullishflip=0
elsif close[1]<close[5] and close>close[4] then
bullishflip=1
bearishflip=0
endif
if close<close[4] and bearishflip then
TDSL=TDSL+1
TDSS=0
elsif close>close[4] and bullishflip then
TDSS=TDSS+1
TDSL=0
endif
//if TDSL>0 and TDSL<10 then
//SetSellLimit1 = Lowest[TDSS](price)
//TDSTSupport = Lowest[TDSS](Close)  //drawtext("#TDSL#",barindex,low-10*pipsize) coloured(0,255,0)
//endif
if TDSL=9 then
L=(low<low[3] and low<low[2]) or (low[1]<low[2] and low[1]<low[3])
bearishflip=0
TDSL=0
BuySetup=1
if L then
BuyConditionTDSetup = 1 //DRAWARROWUP(barindex,low-20*pipsize) coloured(0,255,0)
endif
endif
//if TDSS>0 and TDSS<10 then
//SetBuyLimit1 = Highest[TDSL](price)
//TDSTResistance = Highest[TDSL](Close)  //drawtext("#TDSS#",barindex,high+10*pipsize) coloured(255,0,0)
//endif
if TDSS=9 then
S=(high>high[2] and high>high[3]) or (high[1]>high[3] and high[1]>high[2])
bullishflip=0
TDSS=0
SellSetup=1
if S then
ShortConditionTDSetup = 1 //DRAWARROWDOWN(barindex,high+20*pipsize) coloured(255,0,0)
endif
endif
if BuySetup then
if close<=low[2] then
BuyCountdown=BuyCountdown+1
//drawtext("#BuyCountdown#",barindex,low-10*pipsize) coloured(0,0,255)
endif
if BuyCountdown=8 then
Bar8=barindex
elsif BuyCountdown=13 then     // TD Countdown perfection buy
if low<=close[barindex-Bar8] then
BuyConditionTDCount = 1 //DRAWARROWUP(barindex,low-20*pipsize) coloured(0,0,255)
endif
BuySetup=0
BuyCountdown=0
endif
elsif SellSetup then
if close>=high[2] then
SellCountdown=SellCountdown+1
//drawtext("#SellCountdown#",barindex,high+10*pipsize) coloured(0,0,255)
endif
if SellCountdown=8 then
Bar8=barindex
elsif SellCountdown=13 then  //TD Countdown perfection sell
if high>=close[barindex-Bar8] then
ShortConditionTDCount = 1 //DRAWARROWDOWN(barindex,high+20*pipsize) coloured(0,0,255)
endif
SellSetup=0
SellCountdown=0
endif
endif


//OTHER indicators


//indicator1 = SMI[11,3,5](close)
//Indicator1 = Stochastic[11,3](close)
//Indicator2 = Average[5](indicator1)
//Indicator1 = Volume
//indicator1, indicator2, indicator3 = CALL "Super BandPass(1)"
//Indicator4 = Williams[11](close)
//Indicator5 = RSI[11](close)

Indicator6 = AroonUp[9]
Indicator7 = AroonDown[9]
Indicator8 = Volume

//Buy Conditions

b0 = BuyConditionTDSetup = 1
b1 = BuyConditionTDCount = 1
//b2 = Lowest[t1](close)>TDSTSupport

// Detection of TD Setup buy signal
//b0 = Close[10]>Close[14] AND Close[9]< Close[13]
//b1 =  Close < Close[5] AND Close [2] < Close[6] AND Close[3] < Close[7] AND Close[4] < Close[8] AND Close[5] < Close[9] AND Close[6] < Close[10] AND Close[7] < Close[11] AND Close[8] < Close[12] AND Close[9] < Close[13]

// Detection of TD Setup buy signal - perfection
//b2 = Close OR Close[2] < Low[6]
//b3 = Close OR Close [2] < Low[7]

// Bullish Engulfing
b2 = Close[2]>Close[3]
b3 = Close[1]>Open[2] AND Open[1]<Close[2]
b4 = Open>Close[1]

//b5 = Indicator3 CROSSES OVER Indicator1
//b4 = Indicator1 CROSSES OVER Indicator3
//b4 = Indicator1 CROSSES OVER Indicator2 //AND Indicator1 > t5 ///Indicator1 CROSSES OVER Indicator2 AND
//b5 = Indicator4 < - t3
//b6 = Indicator5 < t2

b7 = Indicator6 > 70
b8 = Indicator7 < 30
b9 = Indicator8 > 400

BuyConditions = b0 AND b1 AND b2 AND b3 AND b4 AND b7 AND b8 AND b9 //AND b4 //b2 AND b3 AND b4 AND b5


// Conditions to enter long positions
IF NOT LongOnMarket AND BuyConditions THEN
BUY 1 CONTRACTS AT MARKET
ENDIF


// Conditions to exit long positions
be1 = Open[1]>Close[2] AND Close[1]<Open[2] AND Open<Open[1]
//be2 = POSITIONPERF > 1.5 AND Lowest[7](Close) < Lowest[14](Close)

be2 = Average[20](close) CROSSES UNDER Average[55](Close)

/// Close > Average[20](Close)



LongExitConditions = be1 AND be2//AND be2

If LongOnMarket AND LongExitConditions THEN
SELL AT MARKET
ENDIF

// ***** Short Conditions *****

s0 = ShortConditionTDSetup = 1
s1 = ShortConditionTDCount = 1
//s3 = Highest[t1](close) < TDSTResistance

// Detection of TD Setup Sell signal
//s0 = Close[10]<Close[14] AND Close[9]>Close[13]
//s1=  Close > Close[5] AND Close [2] > Close[6] AND Close[3] > Close[7] AND Close[4] > Close[8] AND Close[5] > Close[9] AND Close[6] > Close[10] AND Close[7] > Close[11] AND Close[8] > Close[12] AND Close[9] > Close[13]

// Detection of TD Setup Sell signal - perfection
//s2 = Close OR Close[2] > Low[6]
//s3 = Close OR Close [2] > Low[7]


// Engulfing
s2 = Close[2]<Close[3]
s3 = Close[1]<Open[2] AND Open[1]>Close[2]
s4 = Open<Close[1]
//s5 = Indicator3 CROSSES UNDER Indicator2
///s5 = Indicator4 > -t1
//s6 = Indicator5 > t4
//s4 = Indicator1 CROSSES UNDER Indicator2
//s4 = Indicator1 CROSSES UNDER Indicator2 //AND Indicator1 < 80 //Indicator1 CROSSES UNDER Indicator2 AND Indicator1 < t2

s7 = Indicator6 < 30
s8 = Indicator7 > 70
s9 = Indicator8  > 400

ShortConditions = s0 AND s1 AND s2 AND s3 AND s4 AND s7 AND s8 AND s9// AND s5 //s2 AND s3 AND s4 AND s5

// Conditions to enter short positions
IF NOT ShortOnMarket AND ShortConditions THEN
SELLSHORT 1 CONTRACTS AT MARKET
ENDIF

//// ***** SHORT EXIT CONDITIONS
se1 = Open[1]<Close[2] AND Close[1]>Open[2] AND Open>Open[1]
//se2 = Close>Open AND High = Close AND (Open-Low) >= 3*(Close-Open)
//se3 = POSITIONPERF > t1 AND Highest[7](Close) > Highest[14](Close)

se2 = Average[20](close) CROSSES OVER Average[55](Close)


ShortExitConditions = se1 AND se2 //AND se3 //OR se2) AND se3

// Conditions to exit short positions
IF ShortOnMarket AND ShortExitConditions THEN
EXITSHORT AT MARKET
ENDIF

// Stops and targets : Enter your protection stops and profit targets here

//IF LongOnMarket Then
//SET TARGET PPROFIT SetLimit1
//SET STOP LOSS SetLimit2
//ENDIF

//IF ShortOnMarket Then
//SET TARGET PROFIT SetLimit1
//SET STOP LOSS SetLimit2
//ENDIF


SET TARGET PROFIT 100 //90//prof
SET STOP PLOSS 40 //30 //los1// 30


// **** Stops and targets ***

//DYNAMIC TRAILING STOP

SL = 40 //30 //los1 //30 // Initial SL
//TP = 30
TSL = 1 // Use TSL?
TrailingDistance = Round(0.85*SL) //Round(0.5*SL) // Distance from close to TSL
TrailingStep = 9 //15 //3 // Pips locked at start of TSL

//************************************************************************
IF TSL = 1 THEN

//reset the stoploss value
IF NOT ONMARKET THEN
newSL = 0
CAND = 0
ENDIF

//manage long positions
IF LONGONMARKET THEN
//first move (breakeven)
IF newSL = 0 AND CLOSE - TRADEPRICE(1) >= TrailingDistance*PipSize THEN
newSL = TRADEPRICE(1) + TrailingStep*PipSize
ENDIF
//next moves
CAND = BarIndex - TradeIndex
IF newSL > 0 AND CLOSE[1] >= HIGHEST[CAND](CLOSE) THEN
newSL = CLOSE[1] - TrailingDistance*PipSize
ENDIF
ENDIF

//manage short positions
IF SHORTONMARKET THEN
//first move (breakeven)
IF newSL = 0 AND TRADEPRICE(1) - CLOSE[1] >= TrailingDistance*PipSize THEN
newSL = TRADEPRICE(1) - TrailingStep*PipSize
ENDIF
//next moves
CAND = BarIndex - TradeIndex
IF newSL > 0 AND CLOSE[1] <= LOWEST[CAND](CLOSE) THEN
newSL = CLOSE[1] + TrailingDistance*PipSize
ENDIF
ENDIF

//stop order to exit the positions
IF newSL > 0 THEN
SELL AT newSL STOP
EXITSHORT AT newSL STOP
ENDIF
SET STOP pLOSS SL
ENDIF



//trailing stop
//longtrail = 13
//shorttrail = 7
 
//resetting variables when no trades are on market
//if not onmarket then
//MAXPRICE = 0
//MINPRICE = close
//priceexit = 0
//endif
 
//case SHORT order
//if shortonmarket then
//MINPRICE = MIN(MINPRICE,close) //saving the MFE of the current trade
//if tradeprice(1)-MINPRICE>=shorttrail*pointsize then //if the MFE is higher than the trailingstop then
//priceexit = MINPRICE+shorttrail*pointsize //set the exit price at the MFE + trailing stop price level
//endif
//endif
 
//case LONG order
//if longonmarket then
//MAXPRICE = MAX(MAXPRICE,close) //saving the MFE of the current trade
//if MAXPRICE-tradeprice(1)>=longtrail*pointsize then //if the MFE is higher than the trailingstop then
//priceexit = MAXPRICE-longtrail*pointsize //set the exit price at the MFE - trailing stop price level
//endif
//endif
 
//exit on trailing stop price levels
//if onmarket and priceexit>0 then
//EXITSHORT AT priceexit STOP
//SELL AT priceexit STOP
//endif

TDemark_DAX-v2-1m_-1st-pic.png TDemark_DAX-v2-1m_-2nd-pic.png