Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Marc33139

EL Strategy Help Needed

Recommended Posts

I'm tying to code a strategy for trading the YM as follows:

 

Enter market short when price closes +40 pts above yesterdays close and time is 2am or later. Exit when either price retraces to yesterday's close, or the time is 9:45am. Reverse for long entry with price -40 pts.

 

I believe it should be quite simple to code, but can't seem to get it. Below is what I came up with. Any assistance would be greatly appreciated.

 

Thanks.

 

 

inputs: Offset(40), Stop_Loss(500), Exit_Time(945), Start_Time(200);

 

Value1 = CloseD(1);

 

if time >= Start_Time and time <= Exit_Time then

begin

 

if marketposition = 0 and close > Value1 + Offset points then sell short next bar at market;

 

if marketposition = 0 and close < Value1 - Offset points then buy next bar at market;

 

end;

 

If time >= Exit_Time and MarketPosition <> 0 then

begin

Sell all contracts next bar at market;

BuyToCover all contracts next bar at market;

end;

 

 

if marketposition = 1 and close <= Value1 then sell all contracts next bar at market;

 

if marketposition = -1 and close >= Value1 then buy to cover all contracts next bar at

 

market;

 

setstoploss(Stop_Loss);

Share this post


Link to post
Share on other sites

inputs: Offset(40){amount of ticks not full points}, Stop_Loss(500), Exit_Time(945), Start_Time(200);

if time >= Start_Time and time <= Exit_Time and EntriesToday(Date) = 0 then 
Begin
SellShort next bar CloseD(1) +( Offset * ( MinMove / PriceScale )) Limit;
Buy next bar CloseD(1) - ( Offset * ( MinMove / PriceScale )) Limit;
End;

If time >= Exit_Time then 
begin
  	Sell this Bar on Close;
BuyToCover this Bar on Close;
end;

BuyToCover next bar CloseD(1) Limit;
Sell next bar CloseD(1) Limit; 

SetStopLoss(Stop_Loss);

 

i have not tried this but it should work, your problem could have been the offset points,

for a e-mini the reserve word "points" refers to the pricescale / 100, while using MinMove/PriceScale

gives you the minimum price fluctation (ticks), for the YM this shouldnt matter as a tick is equal to a full point.

i allways try to use limit and stop orders where possible,

you will not get good and realistic fills using marketorders, not in real trading due to slippage

nor in your backtest; especially not in a less liqued market like the ym.

be aware a script like this will give zero sensetivity to changes in

volatility as your entry and exit are all a fixed amount of points.

Edited by flyingdutchmen

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • @sxiqxx, Well done on making your first post a promising strategy. @everyone, post up if you want this coded into an EA. Although I switched to TradeStation, I still have an active MT5 demo with MetaEditor. I can code it without referencing object oriented programming which should be retroactively compatible with MT4. Let me know...
    • Please allow me to retort (in jest): RESPONSE 1 : Get a job supervising others where you're in control of performance reports and ride those others 100%. This makes your performance 100% with little to no effort.   RESPONSE 2: Feel free to piss off your boss but stay nonviolent. When the side effects of his viagra and testosterone boosters cause him to physically assault you, you have the legal upper hand. This can result in a boatload of trading capital.   RESPONSE 3: Feel free to have intimate relations with your boss if she finds you attractive. Rest assured that mum's the word because once again, you have the legal upper hand. This can also result in a boatload of trading capital.   RESPONSE 4: Don't be fake friends with any enemies... unless you need information from them. Being fake friends with everyone will cause you to become an empty shell of a person with no direction in life.   REPONSE 5: Get your boss to become reliant on your performance (really, just the performance of your subordinates), and then plan an "overheard" conversation wherein you fake an interview with another potential employer. You'll probably get a pay increase or a promotion.   RESPONSE 6: If you can give your 75% percent to a project, give 50% and rely on your legal upper hand(s). Learn to write trading algo's during your other 50%.   RESPONSE 7: Take all of the office boys out to nightclub where you merely sip soft drinks on a weeknight. Upon your return to the office in the morning, inform the security guards that all of the office boys are intoxicated. Your boss will love you for it.   RESPONSE 8: Never try to prove your client wrong or find faults in their processes, but do secretly collect their information in case you jump ship or "someone you know" decides to start his own company.   RESPONSE 9: Never stay in a firm for too long. Instead, use your ill-gotten capital to exit the rat-race and start trading.   RESPONSE 10: Trading pays more than your career. Interpersonal skills are now irrelevant. Use your technical skills for trading. Never stop learning and keep updating your technical skills.😁
    • There are a lot of trading strategies like elliot waves, wyckoff etc so we need to apply those who best suited to our need and are understandable too.
    • Scalping can be good during the high volatile markets however the new traders should be careful while entering and exiting the markets too quickly since they can make losses as well. If the broker support news trading we can make most out of the scalping in my opinion.  
    • In my opinion these candlestick charts are more easier to understand as compared with the other charts.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.