FXCodeBase.COM: Forex Chart Indicators and Development

Hello,

Can you make a strategy according to following parameters?


Exemple for Sell positionon 1 Hour chart:

When I open Sell position, a hedge order will activate.
The position can by activate in two ways, manually or with the Stochastic RSI
The Pip distance is taken over by the ATR Indicator
Hedge order move always to the Lowers price (It works similar to a Trailing stop loss)
The trigger is activated when the price goes Up X Pips from lowerst price (See the previous ATR)
As soon as I close manually (or Stochastic RSI) one position, a hedge order will reopen in x pips
from the actual price, based on ATR Indicator.

Can you provide, more detailed description,
I'm not sure if the development team will understand.

Apprentice wrote:Can you provide, more detailed description,
I'm not sure if the development team will understand.

Instead of working with Trailing stop loss, I want to use entry order, as a Trailing hedge.
The main idea of this strategy is to freeze the current profit or loss until a new trading opportunity comes along.

Example Rules for 1 hour chart.

To define the distance of entry order, I would like to use the ATR indicator
If I open long, then minus X ATR from the highs price and that’s the entry order
If I open short, then add X ATR from the lows and that’s the entry order
The entry order keeps tracking the position, until it is activated.
As soon as I close one position, a hedge order will reopen in X ATR

Can you make a option where is posible to open and close position by the Stochastik RSI strategie?
So that in the end the strategie hast wo different options to choose from.

Stochastic RSI

http://fxcodebase.com/code/viewtopic.php?f=17&t=451

As soon as I close one position, a hedge order will reopen in X ATR

I'm losing you after this point.
ATR pips in a referral to what?
Will the new trade be in the initial direction or the opposite?

Hi Mario,

1. When the hedge is trigger, I wait for a new trade opportunity
2. Indicator show me buy, I close the running short position.
3. On this point a new entry order IN OPPOSITE direction is open.
4. The new entry order is ATR X pips FROM THE ACTUAL PRICE.

Your request is added to the development list under Id Number 4573

Hello Apprentice,

do you have any news about this strategy?

Regards,
Robert

Hello Apprentice,
do you have any news about the strategy?

Regards,
Robert

Try this version.
viewtopic.php?f=31&t=68322

I do not understand the Stochastic part of it. Only
manual version is implemented.

Dear Apprencite,

the strategie is not working as expected.
When i open a sell trade i want to have a BUY entry order abouv in x pips (ATR Indicator)
For a better understanding, take a dynamic stop loss as reference.

MANUAL STRATEGY IS OK