[nab999]

Hi all,

I have coded the following to get a system to buy a low bolinger band and sell a high bollinger band, but it will not take any trades.

If I change the code to say If close¨of 1 bar ago is less than the lower band and the close is now above the lower band, then buy at market, and visa versa for shorts, then it does take the trades, but I want it to enter as it hits the lower band from below and the upper band from above, not wait till a close.


Here is my code.....

inputs:
Length( 20 ),
NumDevsUp( 2 ),
NumDevsDn( 2 );
variables:
Avg( 0 ),
SDev( 0 ),
LowerBand( 0 ),
UpperBand( 0 ),BollingerPrice(0),Trade Line(0);

BollingerPrice=Close of data1 / close of data2;
TradeLine= Close of data1 / close of data2;

Avg = AverageFC( BollingerPrice, Length ) ;
SDev = StandardDev( BollingerPrice, Length, 1 ) ;
UpperBand = Avg + NumDevsUp * SDev ;
LowerBand = Avg - NumDevsDn * SDev ;

if Tradeline< Lowerband then Buy next bar at Lowerband stop;
if Tradeline> Upperband then Sellshort next bar upperband stop;

if Marketposition>=1 and tradeline<Upperband then sell next bar at upperband stop;
if Marketposition<=-1 and tradeline>Lowerband then buytocover next bar at Lowerband stop;



Many thanks.

[Tams]

look up IntrabarOrderGeneration

[nab999]

Hi Tams,

Yes I already had this enabled for the strategy, but still no trades

[Tams]

Originally Posted by nab999 »

Hi Tams,

Yes I already had this enabled for the strategy, but still no trades

do you have this code in an indicator?

if not, change the following code:

if Tradeline< Lowerband then Buy next bar at Lowerband stop;
if Tradeline> Upperband then Sellshort next bar upperband stop;

to

if Tradeline< Lowerband then plot10(Lowerband, "B-Lowerband");
if Tradeline> Upperband then plot10(upperband, "S-upperband");

set the plot type to a large dot... you should be able to see if your logic is firing.

[nab999]

Hi,

I made the indicator and it is plotting correctly, i.e. a red dot when over the upperband and a green dot when under the lowerband, so it is detecting when the conditions for entry are met, it is just that the system will not take any entries, as described in my first post

Many thanks for your help.

[Blu-Ray]

What you're best off doing is......

Post a chart ( zoomed in ) showing BOTH symbols and timeframes with the indicators on, annotate the chart where there should be an entry and we'll have a better idea of what's what.

Cheers

Blu-Ray

[Tams]

the error is here

just remove the stop below:

if Tradeline< Lowerband then Buy next bar at Lowerband stop;
if Tradeline> Upperband then Sellshort next bar upperband stop;

p.s.
1. as Blue-Ray suggested, you should super-impose the price bar, BB, and indicators to see if the triggers are firing at the right places.
2. use the code box when posting codes. See the little "mountain" icon at the top of the message window.
3. always acknowledge helps people rendered you. You have 2 previous threads that you have not responded.

[nab999]

Hi,

Attached is a zoomed in chart. the symbols are both stocks Do (data1) and Rig (data2) 5 min timeframe.

The spread of data1-data2 is shown in white in the subraph, with bollinger bands of the spread in the same subgraph.

Above this are the dots for the indi you suggested Tams, which show that it is detecting correctly when the spread is above / below the bollinger bands

I tried to just remove the word Stop from the code as you suggested, but TS will not verify this, it states that there must be Stop, Limit or Shares at the end of the line of code

Many thanks for your help