Entries need three things on the same bar: the 5 EMA crossing the 10 EMA, RSI(8) of the median price crossing 50, and a candle whose body is larger than both wicks. It has not been backtested yet, so there are no results to show.
| positionSize Contracts per trade | 1 |
| fastPeriod Fast EMA length | 5 |
| slowPeriod Slow EMA length | 10 |
| maType Average type, 1 = exponential | 1 |
| rsiPeriod RSI length on median price | 8 |
| rsiMidLevel RSI midline the RSI must cross | 50 |
| takeProfitLongPoints Long profit target in points | 262 |
| stopLossLongPoints Long stop in points | 39 |
| takeProfitShortPoints Short profit target in points | 26 |
| stopLossShortPoints Short stop in points | 50 |
| useHighLowTrail 0 trails on the close, 1 on high / low | 0 |
| trailStartPips Open profit in pips before the trail starts | 12 |
| trailBaseShare Share of open profit locked when the trail starts | 0.094 |
| trailStepPips Extra profit in pips per step of the locked share | 6 |
| trailShareIncrement Relative increase of the locked share per step | 0.102 |
| trailRoundOffset Rounding offset for the step count | -0.5 |
| trailMinDistancePips If price is closer than this to the trail level, exit at market | 7 |
The code
Every file in the library uses the same header, the same section order and the same variable names. The numbers above were produced by the original version before the rewrite, and the rewrite has not yet been compiled in ProRealTime.
// ============================================================ // HLHB Trend Catcher // ProRealAlgos Strategy Library | prorealalgos.com // Type: Trend // Direction: Long & short // Timeframe tested: Not yet tested // ============================================================ // --- Settings --- DEFPARAM CumulateOrders = false DEFPARAM PreloadBars = 50000 // --- Parameters --- positionSize = 1 // contracts per trade fastPeriod = 5 // fast average length slowPeriod = 10 // slow average length maType = 1 // 1 = exponential average rsiPeriod = 8 // RSI length, on median price rsiMidLevel = 50 // RSI must cross this line to confirm takeProfitLongPoints = 262 // long target stopLossLongPoints = 39 // long stop takeProfitShortPoints = 26 // short target stopLossShortPoints = 50 // short stop useHighLowTrail = 0 // 0 = trail on close, 1 = trail on high / low trailStartPips = 12 // open profit needed before the trail starts trailBaseShare = 0.094 // share of open profit locked at the start trailStepPips = 6 // each step of extra profit raises the locked share trailShareIncrement = 0.102 // relative increase of the locked share per step trailRoundOffset = -0.5 // rounding offset for the step count trailMinDistancePips = 7 // closer than this to the level, exit at market ONCE tradeAllowed = 1 // trading allowed from the first bar // --- Indicators --- fastMA = Average[fastPeriod, maType](close) slowMA = Average[slowPeriod, maType](close) rsiValue = RSI[rsiPeriod](MedianPrice) minExitDistance = trailMinDistancePips * PipSize // A "long candle" has a body wider than both wicks together. candleBody = abs(close - open) upperWick = high - max(close, open) lowerWick = min(close, open) - low longCandle = candleBody > upperWick + lowerWick longBullish = longCandle AND open < close longBearish = longCandle AND open > close
95 more lines: the entry and exit rules.
Read this first
Questions
The code is written as an automated system with 1 contract per trade. It has not been compile checked or backtested yet.
None so far. No backtest has been run, so there are no instrument results.
Without a backtest there is no drawdown figure to size from. The long stop of 39 points and short stop of 50 points give the per trade risk at 1 contract.
Signals run on whatever chart the system is loaded on. An earlier 1 hour signal timeframe and hour filter are not part of this version.
Related
The ProRealAlgos community gets the full rules, the complete code and the automated portfolio.
