strategy development

September 2nd, 2010, 03:52 AM

Hi friends I have created this strategy after seeing big mike video.
Please help me fix its errors,Targets and stoploss not working properly
I want to enter 10 lots
target 1 : book 6 lots
target 2 : book 2 lots
target 3 ; book 2 lots

want to keep initial stoploss below low or high of entry bar
then after target 1 ,moved below low or high of target 1 bar then to target 2 bar .
cheers

Code

                            
//#region Variables
        private int        smalength        = 200;
        private int        emalength        = 100;
        private int        hmalength        = 40;
        
        private int        target1            = 100;
        private int        target2            = 200;
        private int        target3            = 300;
        
        private int        stop            = 500;
        
        private bool    be2                = true;
        private bool    be3                = true;
        
        
        //#endregion

        /// <summary>
        /// This method is used to configure the strategy and is called once before any strategy method is called.
        /// </summary>
        protected override void Initialize()
        {
            
            CalculateOnBarClose = true;
            EntryHandling        = EntryHandling.UniqueEntries;
            
            Add(SMA(Close,HMAlength));
            Add(EMA(Close,HMAlength));
            Add(HMA(Close,HMAlength));
            
        }
        
        private void GoLong()
        {
            SetStopLoss("target1", CalculationMode.Price, Close[0] - (Stop*TickSize), false);
            SetStopLoss("target2", CalculationMode.Price, Close[0] - (Stop*TickSize), false);
            SetStopLoss("target3", CalculationMode.Price, Close[0] - (Stop*TickSize), false);
            
            SetProfitTarget("target1", CalculationMode.Price, Close[0] + (Target1*TickSize));
            SetProfitTarget("target2", CalculationMode.Price, Close[0] + ((Target1+Target2)*TickSize));
            SetProfitTarget("target3", CalculationMode.Price, Close[0] + ((Target1+Target2+Target3)*TickSize));
            
            EnterLong("target1");
            EnterLong("target2");
            EnterLong("target3");
            
            
        }
        private void GoShort()
        {
            SetStopLoss("target1", CalculationMode.Price, Close[0] + (Stop*TickSize), false);
            SetStopLoss("target2", CalculationMode.Price, Close[0] + (Stop*TickSize), false);
            SetStopLoss("target3", CalculationMode.Price, Close[0] + (Stop*TickSize), false);
            
            SetProfitTarget("target1", CalculationMode.Price, Close[0] - (Target1*TickSize));
            SetProfitTarget("target2", CalculationMode.Price, Close[0] - ((Target1+Target2)*TickSize));
            SetProfitTarget("target3", CalculationMode.Price, Close[0] - ((Target1+Target2+Target3)*TickSize));
            
            EnterShort("target1");
            EnterShort("target2");
            EnterShort("target3");
            
            
        }
        
        private void ManageOrders()
        {
            if (Position.MarketPosition == MarketPosition.Long)
            {
                if (BE2 && High[0] > Position.AvgPrice + (Target1*TickSize))
                    SetStopLoss("target2", CalculationMode.Price, Position.AvgPrice, false);
                
                if (BE3 && High[0] > Position.AvgPrice + ((Target1+Target2)*TickSize))
                    SetStopLoss("target3", CalculationMode.Price, Position.AvgPrice, false);
            
            }
            if (Position.MarketPosition == MarketPosition.Short)
            {
                if (BE2 && Low[0] < Position.AvgPrice - (Target1*TickSize))
                    SetStopLoss("target2", CalculationMode.Price, Position.AvgPrice, false);
                
                if (BE3 && Low[0] < Position.AvgPrice - ((Target1+Target2)*TickSize))
                    SetStopLoss("target3", CalculationMode.Price, Position.AvgPrice, false);
            
            }
            
        }

        /// <summary>
        /// Called on each bar update event (incoming tick)
        /// </summary>
        protected override void OnBarUpdate()
        {
            EntryHandling        = EntryHandling.UniqueEntries;
            
            SMA        smav        = SMA(SMAlength);
            EMA        emav        = EMA(EMAlength);
            HMA        hmav        = HMA(HMAlength);
            
            ManageOrders();
            
            if (Position.MarketPosition != MarketPosition.Flat) return;
            
            if (Rising(smav) && Rising(emav) && Rising(hmav))
                GoLong();
            else
            if (Falling(smav) && Falling(emav) && Falling(hmav))
                GoShort();
            
        }

        //#region Properties
        [Description("")]
        [Category("Parameters")]
        public int SMAlength
        {
            get { return smalength; }
            set { smalength = Math.Max(1, value); }
        }
        [Description("")]
        [Category("Parameters")]
        public int EMAlength
        {
            get { return emalength; }
            set { emalength = Math.Max(1, value); }
        }
        [Description("")]
        [Category("Parameters")]
        public int HMAlength
        {
            get { return hmalength; }
            set { hmalength = Math.Max(1, value); }
        }
        [Description("")]
        [Category("Parameters")]
        public int Target1
        {
            get { return target1; }
            set { target1 = Math.Max(1, value); }
        }
        [Description("")]
        [Category("Parameters")]
        public int Target2
        {
            get { return target2; }
            set { target2 = Math.Max(1, value); }
        }
        [Description("")]
        [Category("Parameters")]
        public int Target3
        {
            get { return target3; }
            set { target3 = Math.Max(1, value); }
        }
        [Description("")]
        [Category("Parameters")]
        public int Stop
        {
            get { return stop; }
            set { stop = Math.Max(1, value); }
        }
        [Description("")]
        [Category("Parameters")]
        public bool BE2
        {
            get { return be2; }
            set { be2 = value; }
        }
        [Description("")]
        [Category("Parameters")]
        public bool BE3
        {
            get { return be3; }
            set { be3 = value; }
        }
        
        
        //#endregion
    }
}

September 2nd, 2010, 07:50 AM

Which NT version are you using?

September 2nd, 2010, 08:20 AM

zeller4

Which NT version are you using?

zeller it is 6.5,but can use 7 also

September 3rd, 2010, 03:45 AM

I am a complete novice programmer, but could it be that the names target1, target2....etc
are repeated for longs and shorts..... and when trying to work out a target for a long v a short, one is above the market, the other below the market, which stuffs up future max, and min calculations.

Try calling them LongTarget1, ShortTarget1 see if that makes a difference.

September 7th, 2010, 04:42 AM

MotoMoto

I am a complete novice programmer, but could it be that the names target1, target2....etc
are repeated for longs and shorts..... and when trying to work out a target for a long v a short, one is above the market, the other below the market, which stuffs up future max, and min calculations.

Try calling them LongTarget1, ShortTarget1 see if that makes a difference.

qty done ,someone please help me with trailing stoploss

September 7th, 2010, 08:38 PM

kavin729

qty done ,someone please help me with trailing stoploss

Have you looked at other strategies posted in the elite downloas? I think the hurley might be modified to do what you are doing ... but I could be wrong as it sbeen awhile since I looked at it in detail

Jon

September 9th, 2010, 06:43 AM

Trader.Jon

Have you looked at other strategies posted in the elite downloas? I think the hurley might be modified to do what you are doing ... but I could be wrong as it sbeen awhile since I looked at it in detail

Jon

don't have access to elite circle

don't want to donate cash but want to learn, share, contribute and help so that some day I am considered worthy enough to be given access to elite circle to enhance my knowledge amongst the best traders of bigmiketrading forum

kavin

September 21st, 2010, 04:02 PM

Kevin,

This is only 50 bucks to join the Elite! I believe this is an investment in your learning. Look at as buying a
book or buying a beginning education. I've never done subroutines in C Sharp. Try writing this all in one
mainline.

December 7th, 2010, 01:33 AM

Kavin,

I tested another strategy that I hope you will enjoy using your code and adding breakeven, trailing stop
routine I copied from somewhere else here at Big Mike's. This strategy tests out at 39.81% and has a profit
of $31,440. You can probably perfect it. I'd like to see what you can do with it as follows:

strategy development

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strategy development