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Need help with a profitable automated trading strategy
Started:October 23rd, 2016 (04:36 AM) by hoang101483 Views / Replies:1,090 / 41
Last Reply:October 26th, 2016 (04:30 PM) Attachments:2

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Need help with a profitable automated trading strategy

Old October 23rd, 2016, 04:36 AM   #1 (permalink)
Trading Apprentice
Oklahoma City USA
 
Futures Experience: Intermediate
Platform: Multicharts
Favorite Futures: ES
 
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Need help with a profitable automated trading strategy

Hello all,

I have this strategy that is highly profitable using the default signals in Multicharts that I had backtest with 1 year of tick data on ES and NQ . When I turn on automated trading, it seem to work correctly when using a Sims account, but when apply to my live account the system will reject the order since the exit signal is a STOP order and if the current price is above the sell then it will get auto reject my broker (AMP futures). This is why I'm looking for PowerLanguage coder to help me to write a custom code.

the system is highly profitable. EX: if starting $10,00 account you can make $100,000 annually on ES or double that if you trade NQ at the same time using 1 contract. This number has already already accounted for commission and slippage (I added $50 slippage per trade on ES and $40 on NQ to be super conservative). Draw down is relatively small around $2,000 when compare to profit

my proposal is that if anyone interested to get a copy for this highly profitable strategy, please reply to this thread or email at Cooperahoang [at] gmail.com and we can discuses further. All I need you to do to use PowerLangue to fine tune the default cookie cutter signals that Multicharts provided by default.

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Old October 23rd, 2016, 07:44 AM   #2 (permalink)
Elite Member
Milan (Italy)
 
Futures Experience: Advanced
Platform: TradeStation, MC, TWS
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Hi, I can hel you if you explain the strategy to develop in EL

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Old October 23rd, 2016, 08:01 AM   #3 (permalink)
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tradingest View Post
Hi, I can hel you if you explain the strategy to develop in EL

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I'm not sure EL is compatible with the Auto Trading function of Multichart .NET.

But I want to buy Market when the close of the candle cross above Lower Bollinger Band and Sell Market when close of price cross below Higher Bollinger band. That is it. It is fairly simple.

Please note on the default Bollinger band signal use stop order to enter and exit market and this is why the auto trading doesn't not work on the live account since the broker will reject. I hope that market order will solve this issue.

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Old October 23rd, 2016, 08:05 AM   #4 (permalink)
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the markets where the strategy works well is NQ and ES? Let you know where the strategy is done in EL ok? Why you don't use EL but .NET?

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Old October 23rd, 2016, 08:10 AM   #5 (permalink)
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Futures Edge on FIO

Are you a NinjaTrader user?

 

tradingest View Post
the markets where the strategy works well is NQ and ES? Let you know where the strategy is done in EL ok? Why you don't use EL but .NET?

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Yes I trade mainly ES and NQ for now so I only tested the strategy on this market. Potentially will work other market since the strategy is simple.

The reason I don't use EL is because my broker provide the .NET version for free so that is why I use it. I might look into the regular version of Multicharts if I can get it for free.

yes please reply with the code here once you done and if it work with auto trading then will email you a copy of the strategy.

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Old October 23rd, 2016, 08:20 AM   #6 (permalink)
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can you explain better the request that you want? The rules is not completely clear.

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Old October 23rd, 2016, 08:29 AM   #7 (permalink)
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tradingest View Post
can you explain better the request that you want? The rules is not completely clear.

Sent using the

Sure.

Long Entry: Buy Market when close of candle cross above Lower Bollinger Band
Long Exit: Sell Market when close of candle cross below Higher Bollinger Band

Short Entry : Sell Market when close of candle cross below Higher Bollinger Band
SHORT Exit: Buy Market when close of candle cross above Lower Bollinger Band

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Old October 23rd, 2016, 08:32 AM   #8 (permalink)
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hoang101483 View Post
Sure.

Long Entry: Buy Market when close of candle cross above Lower Bollinger Band
Long Exit: Sell Market when close of candle cross below Higher Bollinger Band

Short Entry : Sell Market when close of candle cross below Higher Bollinger Band
SHORT Exit: Buy Market when close of candle cross above Lower Bollinger Band

what is the time frame used for this rules?

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Old October 23rd, 2016, 08:42 AM   #9 (permalink)
Trading Apprentice
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tradingest View Post
what is the time frame used for this rules?

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I don't want to give out to much information about the strategy. But you can use any timeframe.

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Old October 23rd, 2016, 09:02 AM   #10 (permalink)
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Thanks: 4 given, 3 received


I use the implicit time frame into code....if I don't know it's very complicated

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