True Asian Range (TAR)

Fritz · 2023-03-29T14:24:03+00:00

Dear all, I am trying to code a strategy with parameters as below: Assumption: The range (or box) created with both “highest” and “lowest” in the period 00h00 – 06h00 (London Time) is supposed to be filled during western sessions (London, NY). Ordering: BUY: Price crosses over the “lowest” of the range / BUY EXIT: Price = “highest” of the range / SELL: Price crosses under the “lowest” of the range / SELL EXIT: Price = “lowest” of the range. Frequency: Each day, only 1 possibilty: BUY or SELL or no trade (no trade if the price don’t need liquidity on support/resistance-levels created by the range and moves linearly up- or downside). Scope of Use: Forex-Main Currencies, excepted the most active ones during the range (JPY, AUD, NZD) – To be checked! Based on a Nicolas Video (“How to create a breakout box between 2 hours” – (67) How to create a breakout box between 2 hours – ProRealTime – YouTube), I have tried to build an indicator and also an auto-trading-code (see below), but I am not satisfied with both of them. I would be very thankful for each help and would share with you the afterwards optimization of this strategy (for example, by adding a stochastic or price-action-parameters). Thanks & Regards INDICATOR: if intradaybarindex=0 then maxprice = 0 minprice = close*100 endif tcondition = time >= 010000 and time <= 070000 if tcondition then maxprice = max(maxprice, high) minprice = min(minprice, low) endif return maxprice, minprice AUTO-TRADING: // Festlegen der Code-Parameter DEFPARAM CumulateOrders = False // Kumulieren von Positionen deaktiviert IF Time = 070000 then HAUT = highest[6](high) BAS = lowest[6](low) endif AMPLITUDE = abs(haut - bas) c3 = (close CROSSES under haut) c4 = (close CROSSES over bas) IF not longonmarket and c4 THEN BUY 1 contract AT MARKET ENDIF IF not shortonmarket and c3 THEN sellshort 1 contract AT MARKET ENDIF SET STOP PLOSS 20 set target profit = amplitude

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03/29/2023 at 3:24 PM #212436 quote
Fritz
Participant

New
Dear all,

I am trying to code a strategy with parameters as below:
- Assumption: The range (or box) created with both “highest” and “lowest” in the period 00h00 – 06h00 (London Time) is supposed to be filled during western sessions (London, NY).
- Ordering: BUY: Price crosses over the “lowest” of the range / BUY EXIT: Price = “highest” of the range / SELL: Price crosses under the “lowest” of the range / SELL EXIT: Price = “lowest” of the range.
- Frequency: Each day, only 1 possibilty: BUY or SELL or no trade (no trade if the price don’t need liquidity on support/resistance-levels created by the range and moves linearly up- or downside).
- Scope of Use: Forex-Main Currencies, excepted the most active ones during the range (JPY, AUD, NZD) – To be checked!
Based on a Nicolas Video (“How to create a breakout box between 2 hours” – (67) How to create a breakout box between 2 hours – ProRealTime – YouTube), I have tried to build an indicator and also an auto-trading-code (see below), but I am not satisfied with both of them.

I would be very thankful for each help and would share with you the afterwards optimization of this strategy (for example, by adding a stochastic or price-action-parameters).

Thanks & Regards

INDICATOR:
```
if intradaybarindex=0 then
maxprice = 0
minprice = close*100
endif

tcondition = time >= 010000 and time <= 070000
if tcondition then
maxprice = max(maxprice, high)
minprice = min(minprice, low)
endif

return maxprice, minprice
```
AUTO-TRADING:
```
// Festlegen der Code-Parameter
DEFPARAM CumulateOrders = False // Kumulieren von Positionen deaktiviert

IF Time = 070000 then
HAUT = highest[6](high)
BAS = lowest[6](low)
endif

AMPLITUDE = abs(haut - bas)
c3 = (close CROSSES under haut)
c4 = (close CROSSES over bas)

IF not longonmarket and c4 THEN
BUY 1 contract AT MARKET
ENDIF

IF not shortonmarket and c3 THEN
sellshort 1 contract AT MARKET
ENDIF

SET STOP PLOSS 20
set target profit = amplitude
```
03/30/2023 at 8:30 AM #212497 quote
Nicolas
Keymaster

Legend
The code seems right to me, just change the last line and add GRAPHONPRICE to visualize the levels:
```
// Festlegen der Code-Parameter
DEFPARAM CumulateOrders = False // Kumulieren von Positionen deaktiviert

IF Time = 070000 then
HAUT = highest[6](high)
BAS = lowest[6](low)
endif

AMPLITUDE = abs(haut - bas)
c3 = (close CROSSES under haut)
c4 = (close CROSSES over bas)

IF not longonmarket and c4 THEN
BUY 1 contract AT MARKET
ENDIF

IF not shortonmarket and c3 THEN
sellshort 1 contract AT MARKET
ENDIF

SET STOP PLOSS 20
set target profit amplitude

graphonprice haut 
graphonprice bas
```
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