Translation of EasyLanguage code

Please do not double post. I have deleted your identical post in the other older topic.

Mags67 wrote:

Can you offer some practical help as well?

I’m afraid that I have zero knowledge of EasyLanguage but hopefully someone else may be able to help you. It is the summer holiday season so the forums are a little quiet at the moment so you may need to allow a little extra time before finding your answer.

This is the translation into ProOrder code format. Because I have no comparison possible, I don’t know if the results match correctly from the original version, so please be careful with the code..

defparam cumulateorders=false
//Main Timeframe: 15-minute (EXCHANGE TIME)
Second Timeframe: DAILY

//{Strategy inputs}
//inputs:
myFraction=4.7
N1higher=10
N2higher=16
N1main=4
EntryCond1long=1 //(0=false ; 1=true)
EntryCond2long=1 //(0=false ; 1=true)

//{StopLoss}
//Input:
sl=700

if onmarket then
alreadytraded=1
endif
if intradaybarindex=0 then
alreadytraded=0
endif

//Point Of Initiation
TodaysOpen = DOpen(0)

//For the calculation of the space
ATR = AverageTrueRange[40]

//The BreakoutLevel (POI + space)
myBreakoutLong = TodaysOpen + ( myFraction * ATR )

//higher timeframe filter condition (DAILY)
EntryCond1long = 0.1 * (Dclose(0) - DHigh(N1higher)) < N2higher

//main timeframe filter condition (15 minute)
EntryCond2long = dClose(1) - Lowest[N1main](high) < ATR

//Position size condition
if dclose(1) < dopen(1) then
value1 = 2
Else
Value1 = 1
endif
//Entry Condition

if not onmarket and EntryCond1long and EntryCond2long  and not alreadytraded then
buy value1 contracts at myBreakoutLong stop
endif
//Exit Condition

If time = 150000 then
sell at market
endif

//stopLoss
set stop ploss (sl)

Thanks for beta testing every code posted and to give feedback, you always make a valuable work by doing this GraHal!

I feel that the main logic of the strategy was made to long only the DOW. In the original code, it was also meant to be traded on a 15-minute timeframe. Maybe @Mags67 could tell us a bit more about it?

It does say DJI in the .txt file in Mags original post.

I noted the (poor) results at 15 mins and that’s why I went for 5 mins.

I did not change at all any of the variables from Nicolas code apart from TP and SL and getting rid of the exit at 15:00 … as I couldn’t see any logic in exit at 15:00 (21:00 maybe?) but I could have missed some finer point in the code? 🙂

Vonasi wrote:

What do the results look like if you adjust them a little each way?

It looked good for values either side of what I chose.  Do you (or anybody) have 200k bars you can test on??

I have two versions on Demo Fwd Test with different values for TB and SL … I’ll report back on here how it goes.

Hopefully @Mags67 will be back with a short version by then.