Why does the code not provide a signal?

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07/04/2017 at 1:12 PM #39783 quote
EB
Participant

Senior
Hi,

I a struggling with the fact that the stochastic does not always give a signal. I don’t understand why. Here is the simple code:
```
atr2 = averagetruerange[14]

IF NOT ONMARKET THEN

c2 = Stochastic[5,3](close[1]) < 20

IF (c2) THEN
BUY 1 CONTRACT AT MARKET
SET STOP LOSS atr2*5.5
SET TARGET PROFIT atr2*2.5

ENDIF

ENDIF

signal = c2

graph signal
```
It says buy when the stochastic is below 20. The thing is that sometimes it provides this signal, but sometimes not. I don’t know why. See attachment. I should expect that at 10.35 hrs, 14.20 hrs and 16.45 hrs it would provide a buy signal.

Can anybody tell me why this is not the case?

Thank you,

Edward
07/04/2017 at 1:22 PM #39785 quote

Nicolas
Keymaster

Master

Your attachment is empty. If you want to add picture, just upload them in any supported format such as .png .jpg, etc..

The problem in your code is that your are only storing value of the stochastic condition into your c2 variable when you are not on market. You should test your condition outside the “onmarket” conditional block.

07/04/2017 at 3:00 PM #39794 quote

EB
Participant

Senior

Hi Nicolas,

Thank you for your quick reply. Ok, so I should not use the onmarket conditional block. That indeed seems to be the issue here. And use DEFPARAM Cumulateorders = False.

Edward
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Why does the code not provide a signal?

ProOrder: Automated Strategies & Backtesting

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Author

EB @eb Participant

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This topic contains 2 replies,
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8 years, 8 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	07/04/2017
Status:	Active
Attachments:	No files

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