Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

ptcman

Help with My First Strategy

Recommended Posts

Hello all.

 

I've just bought Multicharts and I'm eager to start developing my own ideas for indicators and strategies based on those same indicators.

 

But I've a big problem, I'm not that good in programming :confused:

 

I'm able to understand most formulas but then, rearrange them or even rewrite them is a complete different world.

 

I've been trying to write my first strategy, but thinks haven't gone as aspected.

 

I thought I should begin with a simple buy order, but nothing happens.

 

Can anyone help understanding what is happening and why?

 

I'd appreciate all the help.

 

Thank you

 

{ *User Input*}
input : 
length		(5);

{ *Variables*}
variables:
dRng		(0),
Mid		(0),
Hi		(0),
Lo		(0),
Cl		(0),
Vl		(0);

Hi = High;
Lo = Low;
Cl = Close;
dRng = Hi - Lo;
Mid = (Hi + Lo) * .5;
Vl = Volume;

{ *Buy order* }
if (Cl > Cl [1]) and (dRng > Average(dRng,length)) then begin
if Vl > Average(Vl,length) then
	Buy ("break") next bar open;

end;

Share this post


Link to post
Share on other sites
...

I thought I should begin with a simple buy order, but nothing happens.

Can anyone help understanding what is happening and why?

I'd appreciate all the help.

Thank you...

 

 

replace the keyword volume with ticks.

 

Don't ask me why, in EasyLanguage...

the keyword volume means "total upticks" in English,

the keyword ticks means "total volume" in English.

Edited by Tams

Share this post


Link to post
Share on other sites
try "...next bar at open;"

 

 

At is a Skip Word.

 

Skip Words serve solely to improve the readability of EasyLanguage code and are skipped (ignored) during the compilation and execution.

 

The use of Skip Words is optional; they can be inserted anywhere within the EL code and will appear red in Editor.

Share this post


Link to post
Share on other sites

Hi.

 

Thank you all for your comments.

 

OK, the above formula generates 1 buy order, the first time the condition is true.

Now my question is, why only 1 order is created when this condition is true for dozens of time?

 

I'm applying it in a 10 day historical 5 minutes chart.

 

I've been trying to add a sell order, to close the long position, but I can't find any reserved word that specified if there's an open position then if the sell condition (low < low of the entry bar) is met then close position.

 

I thought that writing an indicator was difficult :roll eyes: Creating a strategy is starting to get much more difficult

 

Thank you

Share this post


Link to post
Share on other sites
Hi.

 

Thank you all for your comments.

 

OK, the above formula generates 1 buy order, the first time the condition is true.

Now my question is, why only 1 order is created when this condition is true for dozens of time?

 

I'm applying it in a 10 day historical 5 minutes chart.

 

I've been trying to add a sell order, to close the long position, but I can't find any reserved word that specified if there's an open position then if the sell condition (low < low of the entry bar) is met then close position.

 

I thought that writing an indicator was difficult :roll eyes: Creating a strategy is starting to get much more difficult

 

Thank you

 

 

the keyword is:

 

MarketPosition

Share this post


Link to post
Share on other sites

MarketPosition

 

Returns a numerical value, indicating the type of the specified position.

 

A value of 1 indicates a long position,

A value of -1 indicates a short position,

and

A value of 0 is returned only if the current position is specified and indicates that the current position is flat.

 

Usage

 

MarketPosition(PosBack)

 

Where:

 

PosBack - a numerical expression, specifying the position:

 

0 - open position;

1 - one position back (the last position closed);

2 - two positions back, etc.

 

If PosBack is not specified, a value for the open position will be returned.

 

 

Note

 

This function can only be used in signals.

 

 

Examples

 

MarketPosition will return a value of 0 if the current position is flat

 

MarketPosition (1) will return a value of -1 if the most recently closed position was a short position

 

 

 

source: EasyLanguage manual

Share this post


Link to post
Share on other sites

Sorry if my question is OT (and my english is terrible!)

 

I'm testing my first "strategy" on EuroFX future CME. Price has 4 decimals lile 1.4661. I am using TS2000i

 

On my chart price is dispayed ok but on strategy report prices are rounded to 2 decimals: 1.4870 -> 1.49. Why ?? Where is right setting ?

 

Thanks !!

Share this post


Link to post
Share on other sites
Sorry if my question is OT (and my english is terrible!)

 

I'm testing my first "strategy" on EuroFX future CME. Price has 4 decimals lile 1.4661. I am using TS2000i

 

On my chart price is dispayed ok but on strategy report prices are rounded to 2 decimals: 1.4870 -> 1.49. Why ?? Where is right setting ?

 

Thanks !!

 

 

can you post the code?

Share this post


Link to post
Share on other sites
can you post the code?

 

Of course Tams and thanks for your interest.

 

This is code:

***

Inputs: Len(20), Triger(32), StopPrc(0.5), TrailPrc(85);

Variables: CCIVal(0), StopValue(0), StopPrice(0), LOpenPrice(0);

 

CCIVal = CCI(Len);

 

If CCIVal crosses above Triger Then begin

Buy ("LE") 1 contract at market;

print (avgEntryPrice,CCIval);

end;

 

LOpenPrice = AvgEntryPrice;

StopValue = LOpenPrice * (1-(StopPrc/100));

StopPrice = LOpenPrice - StopValue;

if close >= LOpenPrice + stopvalue then StopPrice = close - StopValue;

if close < stopPrice then exitlong market;

*****

 

stops doesen't work... I'm working on them

These are some lines of debug window:

***

1090925.00 2010.00 1.47 34.10

1090925.00 2054.00 1.47 65.65

1090925.00 2106.00 1.47 80.79

****

As you can see price is 1.47 instead 1.46xx value. In Strategy report is the same. I think this may cause problems on running strategy.

 

Thanks

Share this post


Link to post
Share on other sites

 

If CCIVal crosses above Triger Then begin

Buy ("LE") 1 contract at market;

print (avgEntryPrice,CCIval);

end;

 

***

1090925.00 2010.00 1.47 34.10

1090925.00 2054.00 1.47 65.65

1090925.00 2106.00 1.47 80.79

****

As you can see price is 1.47 instead 1.46xx value. In Strategy report is the same. I think this may cause problems on running strategy.

 

Thanks

 

If you want to print to four decimal places then try this:

 

print (avgEntryPrice:2:4,CCIval)

Share this post


Link to post
Share on other sites

You can format the numeric expressions displayed using the the following syntax behind the variable/number:

 

e.g.

Print( Value1 :N:M );

 

N is the minimum number of integers to use,

and M is the number of decimals to use.

 

If the numeric expression has more integers than what is specified by N,

the Print statement will use all the digits in the expression.

 

The decimal values are rounded to the nearest value of M.

 

 

Example:

 

MyPie = 3.14159;

 

Print( MyPie :0:4 );

 

The numeric expression displayed in the Print Log would be 3.1416.

 

 

 

.

Share this post


Link to post
Share on other sites
Thanks alot for your help !!!

 

Now print command works fine but STRATEGY REPORT not yet. Any idea ??

 

 

at your Strategy Report window, select Settings.

Share this post


Link to post
Share on other sites

Tams,

 

I saw in another post if someone were to post an eld file you could/would convert it to text. Is this so? even if it is locked and NOT commercially obtained?

 

Ashish

Share this post


Link to post
Share on other sites
Tams,

 

I saw in another post if someone were to post an eld file you could/would convert it to text. Is this so? even if it is locked and NOT commercially obtained?

 

Ashish

 

 

If you have locked it by mistake, I can give it a try. (no guarantees)

but I will not open copyright material.

Share this post


Link to post
Share on other sites

Tams, i would never have tought you as a respected TL member

would serious consider to hack a file for someone who's first post

on this forum was the very question if it would be possible to open a protected file.

 

the whole point of protecting it is to stop people trying to hack into it.

Share this post


Link to post
Share on other sites
Tams, i would never have tought you as a respected TL member

would serious consider to hack a file for someone who's first post

on this forum was the very question if it would be possible to open a protected file.

 

the whole point of protecting it is to stop people trying to hack into it.

 

 

I am not sure if I understand what you mean

maybe if you can write slower...?

 

 

.

Edited by Tams

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 29th March 2024. GBPUSD Analysis: The Pound Trades Higher But For How Long? The global Stocks Markets are closed due to Easter Friday (Good Friday). The NASDAQ continued to follow the sideways trend while other indices again rose. The SNP500 reaches an all-time high, but the NASDAQ remains under pressure from Tesla, Meta and Apple. The Euro continues to trade lower against all major currencies including the US Dollar, Euro and Japanese Yen. The British Pound is the best performing currency during this morning’s Asian session. However, investors are largely fixing their attention on this afternoon’s Core PCE Price Index. GBPUSD – The Pound Trades Higher but For How Long? The GBPUSD is slightly higher than the day’s open and is primary due to the Pound’s strong performance. At the moment, the British Pound is increasing in value against all major currencies. However, the US Dollar Index is also trading 0.10% higher and for this reason there is a slight conflict here. If investors wish to avoid this conflict, the EURUSD is a better option. This is because, the Euro depreciating against the whole currency market avoiding the “tug-of-war” scenario. The GBPUSD is trading slightly lower than the 2-month’s average price and is trading at 49.10 on the RSI. For this reason, the price of the exchange is at a “neutral” level and is signalling neither a buy nor a sell. The day’s price action and future signals are possibly likely to be triggered by this afternoon’s Core PCE Price Index. Analysts expect the Core PCE Price Index to read 0.3% which is slightly lower than the previous month but will result in the annual figure remaining at 2.85%. The PCE rate is different to the inflation rate and the Fed aims for a rate between 1.5% to 2.00%. Therefore, even if the annual rate remains at 2.85%, as analysts expect, it would be too high for the Fed. If the rate increases, even if only slightly, the US Dollar can again renew bullish momentum and the stock market can come under pressure. This includes the SNP500. Investors are focused on the publication of data on the UK’s gross domestic product (GDP) for the last quarter of 2023: the quarterly figures decreased by 0.3%, and 0.2% over the past 12-months. This confirms the state of a shallow recession and the need for stimulation. The data, combined with a cooling labor market and a steady decline in inflation, increase the likelihood that the Bank of England will soon begin interest rate cuts. In the latest meeting the Bank of England representatives did not see any members vote for a hike. USA500 – The SNP500 Rises to New Highs, But Cannot Hold Onto Gains! The price of the SNP500 rises to an all-time high, before correcting 0.33% and ending the day slightly lower than the open price. Nonetheless, the index performs better than the NASDAQ which came under pressure from Tesla, Meta and Apple which hold a higher weight compared to the SNP500. For the SNP500, these 3 stocks hold a weight of 9.25%, whereas the 3 stocks make up 14.63% of the NASDAQ. The SNP500 is also supported by ExxonMobil’s gains due to higher energy prices. The market will remain closed on Friday due to Easter. However, the market will reopen on Monday for the US and investors can expect high volatility. Investors will also need to take into consideration how the PCE Price Index and the changed value of the US Dollar is likely to affect the stock market next week. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • MT4 is good and will be good until their parent company keep updating the software, later mt4 users will have to switch to mt5.
    • $SOUN SoundHound AI stock at 5.91 support area , see https://stockconsultant.com/?SOUN
    • $ELEV Elevation Oncology stock bull flag breakout watch , see https://stockconsultant.com/?ELEV
    • $AVDX AvidXchange stock narrow range breakout watch above 13.32 , see https://stockconsultant.com/?AVDX
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.