Automate a Profitable Trading Method

[hunter1 10]

My current trading method is very profitable. I would like to automate it if it is possible. I am not sure if it is because it requires me to read 2 different period charts.My trend chart alerts me to a possible trade up coming. The second my entry chart I then go to to see If one of 5 possible trade entries is setting up. The entry is triggered if I get the right price action from the entry point. For example for a long I have to get price moving to a new bar High compared to the last 2 bars.

 

I use a limit order and OSO to set my profit and stop currently.

 

Thanks for any input.

[Jeff65 10]

In TradeStation you can have two different timeframes on the same chart. Thus, the automated strategy can take information from both timeframes to determine when to trade. This is possible. However, the time frames can not be mixed, if I remember correctly. That is, you can't mix tick and minute charts.

[Tams 20]

My current trading method is very profitable. I would like to automate it if it is possible. I am not sure if it is because it requires me to read 2 different period charts.My trend chart alerts me to a possible trade up coming. The second my entry chart I then go to to see If one of 5 possible trade entries is setting up. The entry is triggered if I get the right price action from the entry point. For example for a long I have to get price moving to a new bar High compared to the last 2 bars.

 

I use a limit order and OSO to set my profit and stop currently.

 

Thanks for any input.

 

if you can articulate a logic,

you can code it into a program.

 

what you have written above is a concept.

to program it, you will need to work out all the permutations

and decision trees.

 

try a flow chart as a starting point...

[Tams 20]

In TradeStation you can have two different timeframes on the same chart. Thus, the automated strategy can take information from both timeframes to determine when to trade. This is possible. However, the time frames can not be mixed, if I remember correctly. That is, you can't mix tick and minute charts.

 

you can mix bar types in MultiCharts.

[flyingdutchmen 10]

using a simple litle function in tradestation you are able to convert ticks to any timeframe you wish, eliminating the fact that you must use 2 or more charts with different tf's in order to gather data from multiple tf's. all can be done within the tickchart

[hunter1 10]

thank you for your replies. I am writing out my logic in detail then shall see where I go from there.