Dukascopy Support Board • View topic - Top down trading ( multiple time frame ) with visual jforex

TRENDMASTER

Hi support , i am new to visual jforex ,i will like to ask and get assistance if possible . my question is, if it is possible to build a strategy in visual jforex that will scan through major currency pairs or identified currency pairs and check for conditions ( determine trend ) on the 4 hourly time frame before checking for other conditions and execute trade on the hourly time frame .

amine_chourou

Hi,

Well, this could be feasible but you need to fine tune your requirement especially on the following:
- Trends: How would you indetify a trend ? what are the items that makes a up/down trend for you ? the more precision the best
- Instruments: what are the instruments that you'll trade on ? Will you indetify the above trend on a given instrument and trade on it or trade a another pair ? (kind of cross logic)
Once you breakdown your requirement, could you try to implement this block by block and let me know if you need any help ?
Thanks

TRENDMASTER

Dear amine chourou , I have tried to compile this strategy , but i may make some mistakes on the visual jforex strategy compilation . Please kindly Help

amine_chourou

Thanks for these information but could you please list the above conditions in bullet points ?

The above screenshots looks confusing ...

TRENDMASTER

Dear amine_chourou , In my first question i asked if it will be possible to compile a strategy on visual jforex to determine trend on the higher time frame and execute trade on lower time frame .

The snapshot indicate the idea behind the strategy .

Instrument : Gbp usd

Trend on 1 hour period :
Ichimoku indicator settings : tenkan sen 9 and kijun sen 60 cross / below or Above last ask candle open and last ask candle close / less or more than Macd hist +0.0001 or -0.0001 for Buy or sell condition respectively .

Trend on 15mins period :
EMA 40 and HT-TRENDLINE cross below or above last ask candle open and last ask candle close less or more than Macd hist +0.0001 or -0.0001 for buy and sell condition respectively .

Conditions

If Trend on 1 Hour period in buy position = buy position on the 15mins period = Open a buy position at mkt
If Trend 1 Hour period in sell position = Sell position on the 15mins period = Open a Sell position at mkt

Exit trade If trend change on 15mins period

Thanks .

amine_chourou

Hi,

Thanks for these information.

I've made the following changes to your strategy:
- Set the calculations of indicators and some other blocks based on ASK prices : this is a matter of logic as you are working on this side of the prices.
- removing the filter of the period on the hourly based side of the strategy
- adding a logical trigger which is a variable that can take 2 values : If the hourly side conditions are verified then switch the variable to True to trigger the 10mn part and go ahead with the remaining conditions. Once an order is submitted then the same variable switch to False to wait for the next trigger.
- Current and previous variables using shift values: I recommend to work with values already determined starting from shift 1 rather than working with shift 0 which refer to variables still fluctuating as the mean candle is still under construction and so is any indicator or price linked to that candle.

Let me know if you have any question

Cheers

TRENDMASTER

Great! , i will make the necessary adjustment to suit .

best answered .