tradeprice / entryprice

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06/28/2023 at 8:11 PM #216938 quote

LivJoJade
Participant

Junior

Hi guys

I have written a probacktest code which enters short and long trades based on an indicator signal. what I am wanting to do is optomise it so that it enters an optimised number of pips above or below the entry signal.

Please see attached ITF file which I hope will give you some idea of what I mean.

// Definition of code parameters
DEFPARAM CumulateOrders = False // Cumulating positions deactivated
// Conditions to enter long positions
ignored, indicator2 = CALL “123v2″[70, 30, 14]
c1 = (indicator2 < 0)

IF c1 and (tradeprice – (a)) THEN
BUY 1 PERPOINT AT MARKET
ENDIF

// Conditions to enter short positions
indicator5, ignored = CALL “123v2″[70, 30, 14]
c3 = (indicator5 > 0)

IF c3 and (tradeprice + (b)) THEN
SELLSHORT 1 PERPOINT AT MARKET
ENDIF

// Stops and targets

SET TARGET pPROFIT (c)

Many thanks in anticipation.

123v2-Daily1.itf

06/28/2023 at 11:56 PM #216951 quote
robertogozzi
Moderator

Legend
Line 7, (tradeprice – (a)), is always negative because it is missing something you need to compare (tradeprice – (a)) to something… what, maybe CLOSE?

Forthermore, condition C1 is always 0 (not met). You should check the value returned by indicator2, appending this instruction to your code:
```
GRAPH indicator2
```
07/03/2023 at 3:54 PM #217195 quote

LivJoJade
Participant

Junior

Hi Roberto, many thanks for your reply

you are correct the indicator (see attached) is by default at “0” unless a divergence is identified.

I then have a proscreener (again attached) for which I’d appreciate a little guidance. I can search for the MA direction and the 4hr Bollinger periodically but when it comes to an indicator signal for the previous 8 x 1hr or 16 x 30 minutes but is there a way to search for the previous 16 candles without going [1], [2], [3] thru to [16] or can you go [1 – 16]

And finally, with the probacktest and entry is made at the close of the candle delivering the >0 (buy) or <0 (sell) signal, what I’m trying to ascertain is the optimum historical price above that close (based on previous entry points) to finally enter the trade, i suppose in a roundabout way the average drawdown based on previous trades.

Many thanks in anticipation

Chris

123v2-Daily1.itf 123-Bolly-RSI.itf daily-4hr.itf

08/11/2023 at 5:48 PM #218949 quote
robertogozzi
Moderator

Legend
You should add PipSize as a multiplier for a, b and c, such as:
```
(tradeprice - (a*pipsize)
```
moreover, TRADEPRICE is always 0, what is exactly the price you want to use in the expression, why did you use TRADEPRICE?
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