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Why my strategy has so many order
 Post subject: Why my strategy has so many order Post rating: 0   New post Posted: Mon 11 Jul, 2016, 05:17 
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i trying to make a simple strategy following the video tutorials. But i have many order. How to make per order for green or red candle.

If i want to have strategy like count 3 or 4 upcandle then follow by 1 downcandle. The strategy will do a sell on the downcandle.
Strategy will do a buy if count 3 or 4 downcandle then follow by 1 upcandle as show in my attach document.


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candle.rar [7.06 KiB]
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candle.doc [31.5 KiB]
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 Post subject: Re: Why my strategy has so many order Post rating: 0   New post Posted: Mon 11 Jul, 2016, 10:32 
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Hi,

Here is an example as per your description.
The idea is to use Get historical candle and use shifts values. every shift refer to a particular candle and then you compare open and close prices of the appropriate candles. In this example you can see that it handles 3 candles red/green followed by 1 candle Red/green and then a trade is submitted accordingly/

Cheers


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ExampleForTesting.vfs [33.71 KiB]
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 Post subject: Re: Why my strategy has so many order Post rating: 0   New post Posted: Tue 12 Jul, 2016, 07:15 
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thanks for your example.
If i want to get more candle like 5 candle shall i add more shift or add more candle.
Shall number of shift = number of candle.


 
 Post subject: Re: Why my strategy has so many order Post rating: 0   New post Posted: Tue 12 Jul, 2016, 10:35 
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Hi,

for a reasonable mount of candles, yes you can use as much as blocks as you need.
If you need like 50 then the method will change and either you use the block get historical candles or you increase the trading period that you use and lookback for lower number of candles.


 
 Post subject: Re: Why my strategy has so many order Post rating: 0   New post Posted: Wed 13 Jul, 2016, 05:37 
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thank you very much
I will try it out


 
 Post subject: Re: Why my strategy has so many order Post rating: 0   New post Posted: Wed 13 Jul, 2016, 06:41 
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how to add a trailing stop after open a new position.


 
 Post subject: Re: Why my strategy has so many order Post rating: 0   New post Posted: Wed 13 Jul, 2016, 10:27 
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Hi,

Once the position is opened (State = Filled) you can add the block "Trailing stop" block.
make sure the trailing stop is not blocked by any condition so that the strategy will follow the step'd price accordingly
Cheers


 
 Post subject: Re: Why my strategy has so many order Post rating: 0   New post Posted: Wed 13 Jul, 2016, 12:19 
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Thanks. I got it.

Is it possible to open a new position immediate after order close.
example open buy close at stop loss then immediate open sell, open sell close at stop loss then immediate open buy.
Attach is the sample in document.


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 Post subject: Re: Why my strategy has so many order Post rating: 0   New post Posted: Wed 13 Jul, 2016, 13:22 
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Hi,

Yes indeed, You have toi do the following:
If you need a position de be opened immediately after the previous position close with loss then:
- Check if the previous position is closed with SL : IF order is closed and IF P&L is negative
- If you are trading on candle basis (with a given candle period as displayed in your doc) then the immediate opening should be plugged into "On tick" start point. Why ? because if you plug it on candle then position will be opened at the next candle open price, therefore it is not "immediate". to do so: Better to filter out the number of open positions and then use open at market at the opposite side.

Cheers


 
 Post subject: Re: Why my strategy has so many order Post rating: 0   New post Posted: Wed 13 Jul, 2016, 14:46 
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hi

Do you mean the whole strategy has to plugged into "on tick" start point or just the immediate opening "Check if the previous position is closed with SL : IF order is closed and IF P&L is negative" plugged into "on tick" start point.


 
 Post subject: Re: Why my strategy has so many order Post rating: 0   New post Posted: Wed 13 Jul, 2016, 14:51 
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Hi,

No, just the part related to the immediate opening.
Or, simply use the trade event start point: this method is based on messages received, so once the position is closed with loss (i.e SL triggered) open an opposite one. I would recommend you this method actually.


 
 Post subject: Re: Why my strategy has so many order Post rating: 0   New post Posted: Wed 13 Jul, 2016, 15:55 
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hi

Is this what you mean as show in document.

Where to get the SL variable.


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 Post subject: Re: Why my strategy has so many order Post rating: 0   New post Posted: Wed 13 Jul, 2016, 16:21 
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Hi,

Not exactly, please check the attached strategy. (once the file downloaded, in Visual Jforex go to File > import and export if you wish to send an example)


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TradeOnMessage.vfs [21.74 KiB]
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 Post subject: Re: Why my strategy has so many order Post rating: 0   New post Posted: Wed 13 Jul, 2016, 17:07 
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hi

I have done the example but it seem to open 2 position instead of 1 position after the stop loss.


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 Post subject: Re: Why my strategy has so many order Post rating: 0   New post Posted: Thu 14 Jul, 2016, 08:12 
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Hi,

As far as I see it behaves correctly: Short position (6) closed with a loss then long position opened afterwards (7). The long one was closed with SL as well so it triggered another short one (8)


 
 Post subject: Re: Why my strategy has so many order Post rating: 0   New post Posted: Thu 14 Jul, 2016, 15:34 
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hi

Is it possible like after 6 and 7 closed 8 will not open.


 
 Post subject: Re: Why my strategy has so many order Post rating: 0   New post Posted: Thu 14 Jul, 2016, 16:07 
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Yes,
in this case you would need to tell the system to execute this action only once. This can be done using a logical variable usually but can be indeed made using any other type. So you create a new variable and you give it a start value then once the "recovery" position is sent, you change the value of this variable.
I've changed that in the attached example and you cans see the new "Go" variable that starts with the value true then switched to false afterwards.
such logic can be applied to any other idea if you wish.


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TradeOnMessage_V2.vfs [23.66 KiB]
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 Post subject: Re: Why my strategy has so many order Post rating: 0   New post Posted: Mon 25 Jul, 2016, 15:43 
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Thanks.
I will try it out.
Is it possible to recognize inverted hammer, shooting star.


 
 Post subject: Re: Why my strategy has so many order Post rating: 0   New post Posted: Mon 25 Jul, 2016, 16:13 
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Hi,

Well it depends how you define these patterns, check the following post where a 'pin bar' is described. you can reverse the logic to get your pattern.
Make sure to define the candle's body size, the tail and the proportion of each part with regards to the other.


https://www.dukascopy.com/swiss/english ... ern#p85454

Cheers


 
 Post subject: Re: Why my strategy has so many order Post rating: 0   New post Posted: Wed 27 Jul, 2016, 07:59 
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hi

Thanks for your sample on tradeonmessage_V2.
It did execute the action once as show in attachment.
Is it possible during the next negative position it can open new position again but will stop at this new position and repeat the same action whenever there is negative position.


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