When a signal is generated in one indicator, check back on another

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Posts

07/07/2022 at 11:39 AM #196963 quote

Participant

New

Hi all, I would really appreciate some help on a little issue im having.. I need a “check back ” to confirm if a condition had happened prior to a new signal being generated by a different indicator..

i.e.

Step 1:

When the Stochastic crosses above the oversold line (20),

Step 2:

Check back the Bollinger bands over 20 periods to see if the Price broke below the down band.

Step 3:

Take the trade based on both conditions

Checkback.png

07/08/2022 at 9:35 PM #197025 quote

Participant

Master

Hi @normbeef

DefParam CumulateOrders = False

N=20
UnSet($BackCheck)

Sto = Stochastic[14,3](close)
LowerBB = Average[20](Close) - 2 * Std[20](Close)

If Sto Crosses Over 20 then
StoCheck = 1
else
StoCheck = 0
EndIf

If StoCheck = 1 then
For i = 0 to N-1
$BackCheck[LastSet($BackCheck)+1] =  (LowerBB[i]/Close[i])
If $BackCheck[i] > 1 then
Buy 1 contract at Market
EndIf
Next
EndIf

If Sto Crosses Under 80 then
Sell at Market
EndIf

Schermafbeelding-2022-07-08-om-22.32.33.png

07/09/2022 at 10:21 AM #197046 quote

robertogozzi

Moderator

Legend

Try this version:

DefParam CumulateOrders = False
 
N=20
 
Sto = Stochastic[14,3](close)
LowerBB = Average[20](Close) - 2 * Std[20](Close)
 
If Sto Crosses Over 20 then
   StoCheck = 1
EndIf

IF OnMarket THEN
   StoCheck = 0
ENDIF
 
If StoCheck = 1 then
   BBcheck = 0
   IF Summation[N](close < LowerBB) THEN
      BBcheck = 1
   EndIf
ENDIF
If StoCheck AND BBcheck AND Not OnMarket then
   BUY 1 Contract at Market
EndIf
set target pprofit 600
set stop   ploss   200

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When a signal is generated in one indicator, check back on another

ProOrder: Automated Strategies & Backtesting

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Author

normbeef @normbeef Participant

Summary

This topic contains 2 replies,
has 3 voices, and was last updated by robertogozzi
4 years, 2 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	07/07/2022
Status:	Active
Attachments:	2 files