how to avoid these type of trades in algo

December 2nd, 2021, 12:36 PM

Hi,

need suggestion on how to program in a condition so that I can avoid these type of trades in algo (attached image). I do not want my algo to go long because the prior 3+ bars are close to swing top and also in congestion.

I have use these indicator to try to filter out as much as I can:

adx
choppiness index
swing
dynamic sr bands

What I think is that I have to do bar[0], bar[1], bar[2] (some math) = congestion true...

am I on the right though process and if someone is willing to supply sample code for me to test.

or should I go with a RSI type to limit trades when it could be overbought/sold?

December 12th, 2021, 11:48 PM

You r right on the congestion. Something like this could work:
if (range of last x bars < certain points) ==> congestion.

how to avoid these type of trades in algo

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how to avoid these type of trades in algo