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Trading System...to improve


Discussion in EasyLanguage Programming

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Trading System...to improve

  #1 (permalink)
Shaban
Turin + Italy
 
Posts: 194 since Feb 2020
Thanks Given: 24
Thanks Received: 129

Hi,

I would like to improve this Trading System which I think is interesting,
I would like, if possible, to reduce the false signals in the very narrow lateral phases;

I was thinking of a filter of this type, to reduce these false signals:

after a Buy signal, the Short signal has to wait for at least 3 candles;

after a short signal, the Buy signal must wait for at least 3 candles.

After 3 candles, the Trading System proceeds normally as always.

This is the formula:

---------------------------------------------------

Inputs: Length(30), len2(4), len3(4), protStop(1300);

vars:
daysintrade(0),atr(0),ptargmult(1),longliqpt(0), shortliqpt(9999999), protlongstop(0), protshortstop(0), lowestlow3(0),highesthigh3(0),bed
(0),sed(0),stb(0), sts(0);

atr=avgtruerange(Length);
lowestlow3=lowest(low,len2);
highesthigh3=highest(high,len3);
bed=0;
sed=0;

if (close>=close[1]) then sed=1;
if (close<=close[1]) then bed=1;
if(bed=1) then
begin
stb=open of tomorrow +.5*(highesthigh3-lowestlow3);
sts=open of tomorrow -(highesthigh3-lowestlow3);
end;

if(sed=1) then
begin
stb=open of tomorrow +(highesthigh3-lowestlow3);
sts=open of tomorrow -.5*(highesthigh3-lowestlow3);
end;

if (marketposition=1 and barssinceentry=0) then
protlongstop=entryprice(0)-3*atr[1];
if (marketposition=-1 and barssinceentry=0) then
protshortstop=entryprice(0)+3*atr[1];

if (marketposition<>marketposition(1)) then
begin
ptargmult=1;
longliqpt=0;
shortliqpt=999999;
end;

if (marketposition=1 and high[1]>entryprice(0)+ (3*atr[1])) then
begin
longliqpt=entryprice(0);
end;
if (marketposition=-1 and low[1]<entryprice(0)- (3*atr[1])) then
begin
shortliqpt=entryprice(0);
end;

buy tomorrow at stb stop;
sellshort tomorrow at sts stop;

SetStopLoss(protStop);

---------------------------------------------------

I thank you in advance.

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  #2 (permalink)
 Miesto 
Monte Carlo, Monaco
Legendary Market Wizard
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: NinjaTrader Brokerage
Trading: Futures
Posts: 629 since May 2012
Thanks Given: 779
Thanks Received: 1,150

https://www.geeksforgeeks.org/suspending-the-current-thread-for-the-specified-amount-of-time-in-c-sharp/

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  #3 (permalink)
Shaban
Turin + Italy
 
Posts: 194 since Feb 2020
Thanks Given: 24
Thanks Received: 129




The Trading System formula is in EasyLanguage, not C# (it works perfectly with Tradestation).

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  #4 (permalink)
 Miesto 
Monte Carlo, Monaco
Legendary Market Wizard
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: NinjaTrader Brokerage
Trading: Futures
Posts: 629 since May 2012
Thanks Given: 779
Thanks Received: 1,150

In case you're still looking for how to add a pause here's an example in EasyLanguage:

Tutorial 74 | Introducing a strategy ‘pause’ after sequential losing trades

Tutorial 74 | Creating a strategy pause based on certain events VIDEO

I think it really is always the same, you use a command (like 'sleep' or 'pause', if available) or create an iteration loop (For.., While.., Repeat/Until) with a counter. Anyways, hope it helps, good luck.

-Mich

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Last Updated on May 1, 2020


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