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| How to determine the Strategy for not opening some orders? http://www.dukascopy.com/swiss/english/forex/jforex/forum/viewtopic.php?f=146&t=52576 |
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| Author: | kostakis [ Mon 27 Apr, 2015, 13:21 ] | ||
| Post subject: | How to determine the Strategy for not opening some orders? | ||
Hi, I would like to have the Strategy which does not open an order when MACDHist parameter is above or below the 0 (ZERO) for a 1Day period and longer. Please, take a look at the Strategy (attached) and help me to determine it this way. Thank you in advance.
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| Author: | amine_chourou [ Fri 01 May, 2015, 14:41 ] |
| Post subject: | Re: How to determine the Strategy for not opening some orders? |
Hi, Well, according to your description is sounds quite simple: IF MACD = 0 then your go forward. you have to input this condition within your day time (depends hour you define your trading day) You probably need to explain in detail your idea so that we can help you accurately. Thanks |
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| Author: | kostakis [ Sat 02 May, 2015, 09:01 ] |
| Post subject: | Re: How to determine the Strategy for not opening some orders? |
I would like one more time to define the MACDHist parameter in the existing Strategy. As you could see in the Strategy(attached) the MACDHist variable already exist there. The main idea is to determine the Strategy this way: when the MACDHist is above (or below) the ZERO for a quite long time (in this case more than 1D) no orders should be opened. However, when MACDHist moves the opposite direction and crosses the ZERO an order could be opened (in case other conditions defined in the Strategy allowed to do that). I suppose my idea is quite clear. When the MACDHist is above (or below) the ZERO for a quite long period of time it means that time to change the MACDHist sign is coming. So, in such a case the opening of orders is very risky. All I need is to prevent the Strategy from orders opening in such a case. |
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| Author: | amine_chourou [ Mon 04 May, 2015, 08:46 ] |
| Post subject: | Re: How to determine the Strategy for not opening some orders? |
Alright, correct me if I'm wrong: Your trading signal depends on the MACD signal whether it remains above or below the zero level for a given period of time. You defined this time range as 1 day: Therefore, the use of the default trading period as Daily wont help you because the system will retrieve the value of the MACD at the end of day (once) and this information is not enough to determine if the MACD was on a side or on the other on intraday basis. This will be feasible by working on 2 trading periods in case you have a precise preference of the trading period. |
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| Author: | kostakis [ Mon 04 May, 2015, 10:32 ] |
| Post subject: | Re: How to determine the Strategy for not opening some orders? |
That's right. That's exactly what I meant. |
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| Author: | amine_chourou [ Mon 04 May, 2015, 13:42 ] | ||
| Post subject: | Re: How to determine the Strategy for not opening some orders? | ||
Alright, Here is an idea based on a counter with a loop (without the loop viewer block itself  ). What is important in your idea is How you define the verification period and how long is your trading day: In this example, the verification is based on 30mn so the system checks the MACD histo every 30 mn and after 8 hours (16 verification of 30mn --> 0.5*16=8), if it stays below or above zero level it gives you an alert (that you can replace with your trading actions etc...) Now if you need to implement a trading slot, simply insert your trading session time using get time unit block etc before this piece of blocks. If you need to change the logic, then feel free to replace the period of 30mn and the counter target so that it make sense to you. Enjoy!
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| Author: | kostakis [ Mon 04 May, 2015, 18:50 ] |
| Post subject: | Re: How to determine the Strategy for not opening some orders? |
I'll try that. Thanks a lot. |
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