Why does ProOrder not work on EURJPY?

• 05/13/2019 at 1:27 AM #98292
  Sascha

  Hi,

  I created a system for the EURJPY which had lots of conditions but somehow it just didn’t get any result. So I reduced and reduced the conditions until only one simple condition was left (a moving average crossover). But it still doesn’t produce any result on the EURJPY.  I can’t see where the issue is so my conclusion is that ProOrder has a problem.

  The same rules applied to for example GBPUSD creates lots of trades.

  Anyone any idea what the issue is with ProOrder?

  I attached the shortest version of my code, which is not a system anymore. But simply wanted to see if ProOrder is able to work with just one condition in EURJPY (which it doesn’t).

  Thanks for any help.

  Sascha

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated // Prevents the system from placing new orders on specified days of the week daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0 SMA50 = Average[50](close) //------------------------------------------------------------------------------ // CONDITIONS TO ENTER LONG POSITIONS IF ( ExponentialAverage[8] crosses over ExponentialAverage[21] ) AND not daysForbiddenEntry THEN BUY 1 SHARES AT MARKET barorder=barindex ATR = Averagetruerange[14] // Stops and targets SET STOP LOSS 1*atr + 1*pointsize SET TARGET PROFIT 1*atr + 1*pointsize ENDIF // Conditions to exit long positions e1 = (close < SMA50) IF e1 and (barindex-barorder>=1 ) THEN //and barorder>0 SELL AT MARKET barorder=0 ENDIF

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  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated   // Prevents the system from placing new orders on specified days of the week daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0   SMA50 = Average[50](close)   //------------------------------------------------------------------------------ // CONDITIONS TO ENTER LONG POSITIONS IF ( ExponentialAverage[8] crosses over ExponentialAverage[21] ) AND not daysForbiddenEntry THEN BUY 1 SHARES AT MARKET barorder=barindex ATR = Averagetruerange[14]   // Stops and targets SET STOP LOSS 1*atr + 1*pointsize SET TARGET PROFIT 1*atr + 1*pointsize   ENDIF   // Conditions to exit long positions e1 = (close < SMA50)   IF e1 and (barindex-barorder>=1 ) THEN //and barorder>0 SELL AT MARKET barorder=0 ENDIF

  

  Sascha

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  05/13/2019 at 7:40 AM #98296
  Nicolas

  It works for me. Do you have the same problem with other forex pairs with JPY? If yes, you should try to expand the initial balance in the backtest window, it is in Yen so it could be not enough to open 1 position.

  

  Nicolas

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  05/13/2019 at 1:28 PM #98356
  Sascha

  Hi Nicolas,

  That was indeed the issue. Thanks so much!!

  Sascha

  

  Sascha

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