Dear Amine and Dukascopy community,

I have a strategy which I want to implement on a live account.
The strategy is more complex but I simplified it to be able to solve the problems more easily.
What I what to do is to send a sell order when the prices reaches a certain price and then if it goes in my favor and touches a predetermined price to mark this CONDITION as TRUE and afterwards to close the position on breakeven if it stops going in my favor.

On the Visual Jforex backtester it works properly but not so on a Demo account. At the same time the strategy keeps opening positions without stopping even if I added a few filters as suggested in other posts (as commenting the position and filtering the instrument).

I have to mention I don't want to use trailing stops, I just want the strategy to memorize a CONDITION as true/false if it touches a certain price and use this condition later on.

Please guide me in the right directions as I want to make this work.
Thank you.

Hi,

I've noticed a "strange way" to filter candle's period and instrument which looks logically correct but I think it was generating inconsistencies at the level of Jforex testing engine as well as live run. I've modified this as you can see in the attached version and made a quick test on live run mode. It looks okay but I'll let you test this thoroughly.

Thanks

Half of the problem is solved. The fix for limiting the open positions worked, thank you.

To be able to understand the other half of the problem I simplified the strategy once more.

What I want the strategy to do now is this:

If the Bid is above MY_PRICE
then SELL at the market.

It doesn't work. The strategy opens the position after a few seconds ignoring the condition imposed.
Did I do something wrong?
Thank you again.

Hi,

Thank you for the additional information.
I've noticed this issue as well. I'll get back to you asap.

Cheers

Any news on this?
Or maybe other ways to accomplish the same thing?

Hi,

Sorry for the late answer.
Do you still face the same issue ? I've tested this and results seems to be okay on VJF vs JF.
Do you test using Jforex 3 or 2 ?

Thanks

Hi,
Yes, the problem is still there. I tested Jforex2 and Jforex3.

I'll write my steps for testing it:
When I start the strategy I set the parameter RedPrice to a price above current market price.
The strategy should sell when the Last Bid gets there.

Actual results: the strategy opens a market sell order immediately after I start the strategy instead waiting for RedPrice to be touched.

Yes I know it works in VJF ... but I can't use it for live trading.

Alright,
I'm currently having random results with the same strategy but only on real time run. I'll check this tomorrow and update you.

Thanks

Thank you very much Amine.