Wrong and missed entry on TS

• 08/25/2019 at 11:47 AM #105504
  Alessandro

  I state that I have just started with the trade system, in a discussion I found this code, initially it was a low timeframe scalping system, I set differently, bringing the timeframe to 55 minutes and 10,000 units with the results below.
  But looking at the graph of the entry positions there is something that works badly.
  I ask the most experienced improvements on the TS at 55 minutes
  and eventually take it to the original timeframe at 1 minute

  ONCE CandleNum = 3 Bullish = summation[CandleNum](close > open) = CandleNum Bearish = summation[CandleNum](close < open) = CandleNum HigherHIGHs = (summation[CandleNum - 1](high > high[1]) = (CandleNum - 1)) LowerLOWs = (summation[CandleNum - 1](low < low[1]) = (CandleNum - 1)) MyRsi = Rsi[14](close) IF Bearish AND LowerLOWs AND Not OnMarket AND MyRsi > 30 THEN BUY 1 CONTRACT AT MARKET Sl = max(50,(close - low) / pipsize) // dax 55 minuti 10000 unità 84.14% max perdita 250€ max guadagno 750 (46 win a0 loss) Tp = Sl * 3 ENDIF IF Bullish AND HigherHIGHs AND Not OnMarket AND MyRsi < 70 THEN SELLSHORT 1 CONTRACT AT MARKET Sl = max(50,(high - close) / pipsize) Tp = Sl * 3 ENDIF SET STOP pLOSS Sl SET TARGET pPROFIT Tp //trailing stop trailingstop = 24 //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>=trailingstop*pointsize then //if the MFE is higher than the trailingstop then priceexit = MINPRICE+trailingstop*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)>=trailingstop*pointsize then //if the MFE is higher than the trailingstop then priceexit = MAXPRICE-trailingstop*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

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  ONCE CandleNum = 3 Bullish        = summation[CandleNum](close > open) = CandleNum Bearish        = summation[CandleNum](close < open) = CandleNum HigherHIGHs    = (summation[CandleNum - 1](high > high[1]) = (CandleNum - 1)) LowerLOWs      = (summation[CandleNum - 1](low < low[1])   = (CandleNum - 1)) MyRsi          = Rsi[14](close) IF Bearish AND LowerLOWs AND Not OnMarket AND MyRsi > 30 THEN BUY 1 CONTRACT AT MARKET Sl = max(50,(close - low) / pipsize) // dax 55 minuti 10000 unità 84.14% max perdita 250€ max guadagno 750 (46 win a0 loss) Tp = Sl * 3 ENDIF IF Bullish AND HigherHIGHs AND Not OnMarket AND MyRsi < 70 THEN SELLSHORT 1 CONTRACT AT MARKET Sl = max(50,(high - close) / pipsize) Tp = Sl * 3 ENDIF SET STOP   pLOSS   Sl SET TARGET pPROFIT Tp //trailing stop trailingstop = 24 //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>=trailingstop*pointsize then //if the MFE is higher than the trailingstop then priceexit = MINPRICE+trailingstop*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)>=trailingstop*pointsize then //if the MFE is higher than the trailingstop then priceexit = MAXPRICE-trailingstop*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

   

  

  Alessandro

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  08/25/2019 at 11:56 AM #105508
  robertogozzi

  What is working badly?

  Add details, please.

  Moreover, when you start a topic, please use a meaningful subject,

  TS doesn’t mean anything by  itself, you should add what do you want about that TS.

  Let me know and I’ll change it.

  1 user thanked author for this post.

  Nicolas

  

  robertogozzi

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  08/25/2019 at 12:05 PM #105509
  Alessandro

  if you run the probacktest you will see that some market entries are wrong. what do you think of this trading system?

  Can I change the title of the discussion?

   

  

  Alessandro

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  08/25/2019 at 12:25 PM #105514
  GraHal

  55 mins is not a good Timeframe at all , best stick to 1 min, 5, 15, 30 or 60.

  maybe it was a typo and you meant 5 mins?

  yes you can change the title, well you cant but if you say what you want then Roberto will change the title for you.

  

  GraHal

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  08/25/2019 at 12:26 PM #105515
  robertogozzi

  I will change the subject.

  I need to know Instrument, TF, date &   time of the candlestick with wrong/missed entry.

  

  robertogozzi

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