Trading system template
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Good morning there, Kev. I assumed a 3 minute chart, because this is what you mention in between the lines. Notice the difference (for result) with a 1 minute chart, despite the TimeFrame in the code remains the same (3 minute).
Either way it is touch to see through what it should do, although we have your description. IMHO it is not working out really, at least not with not all technically working out, as how I see it.In the Editor window you should engage Tick by Tick mode (checkbox in the right pane of the main Editor screen).
In the same window you set the spread to be 0.5. I think it should be 2 (though 1 will often do as well).
The trading times in your code are ambiguous for me because I don’t know what time zone you exactly set. It occurs to me that for me they need to be one hour earlier (Amsterdam time instead of London time). Thus, start to be active at 30 minutes before opening of the USA stock market, deactivate at 15 minutes into it. Again, I must just guess this.
Your midnight deactivation (the means to do it) is a bit beyond me – but this can be because I can’t know your thoughts. Anyway, it that would be my time 00:00. All combines with it not working anyway because trades are taken throughout. This is caused by this :
//RESET CONDITIONS TO 0 AT END OF SESSION //IF TIME CROSSES OVER 230000 THEN //IF TIME CROSSES OVER 240000 THEN // 10-04-2022,PS. But this does not work out to what's intended. IF TIME >= 0 THEN // 10-04-2022,PS. This does. WATCHING = 0 ENDIF… with next the question what your “end of the session” means. To me that would be 22:00 my time, or 21:00 London time for the stock market. For the Nasdaq it would be 23:00 my time, 22:00 London.
You have another of such “cross over” in there, which also requires changing like you see above.Because of Daylight Savings (active now in the USA for 4 weeks (I did not count really)), things won’t work out at all, also not because over here we’re into that 2 weeks less. And because your whole strategy seems to be hooked up to the opening (which idea is fine), nothing will work out really.
Be careful with the end of the trading, would that be 14:45 your time. I mean, that first 15 minutes is indeed totally crucial, but since your steps are 3 minutes, that may not turn out as you want. Thus, would you like to make 14:46 of that, it does not work out with the 3 minute chart (it’s either 14:45 or 14:48 in that case).
I only see just now that all the trades last one bar only. So this seems wrong to me in the first place. I hope that is not my fault.
All ‘n all in the results I see a kind of random trades and this can’t be the intention. Below you see it for the 1 minute chart 90K bars, hence the past 3 months.
I hope this is the kind of response you were asking for, as I did not see questions really. But it should get you going better ? I hope so !
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I hope this is the kind of response you were asking for, as I did not see questions really. But it should get you going better ? I hope so !”
sorry peter my charts are set to +10 GMT Brisbane, Australia; the strategy is coded to that time.
it is supposed to start ‘watching’ for a 15min signal that has a 60% probability at 1700 +10GMT; the London stock exchange open onwards until USA premarket.
It appears I accidently started the strategy earlier however, 1600 is the time I start watching for algorithms to move the market prior to london open.
as for the entries, they are not currently how I want them but i am working on an automated system for this and trade management as i would do manually.
I have stepped down to 3min to try and get the most out of the time window but i will apply some changes as you suggest.
at the moment some trades drawdown 100% of return so i am looking to fix this but here are the results from my time zone
attached are my results and equity curve of 2x base versions.
I will look over you comments and change some code; as for below; this is how I am keeping my original signal for recycling more setups, however right now I only have the one entry later i will initiate intraday trend trades etc from this signal to run winners further. I didn’t have many questions this time I just figured you would have good opinions as always, thankyou.
//WATCHING THE ORIGINAL SIGNAL FOR MULTIPLE SETUPS ONCE WATCHING=0 IF TIME > 160000 AND TIME <164500 AND CLOSE CROSSES OVER HIGH[1] THEN// AND TF<50 THEN //MAKES STRATEGY WIN 100% WATCHING=1 ENDIFMy box idea worked, I wont share exact method so as to protect my liquidity but if anyone is interested I used a time box.
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Topic Details
| Forum: | ProOrder: Automated Strategies & Backtesting |
| Language: | English |
| Started: | 01/24/2022 |
| Status: | Active |
| Attachments: | 21 files |
