Averages Strategy

[Apprentice]

The strategy supports two types of signals.
Slope-Change Trend
Cross - Price / MA Cross

Averages Strategy.lua

(19.65 KiB) Downloaded 2993 times

To work, you must install AVEREGES Indikcator.
viewtopic.php?f=17&t=2430

The Strategy was revised and updated on December 18, 2018.

[davetherave110179]

Apprentice,

I would like to request that a 'HPF Smoothing' parameter be added to this great stratagy. I know that stratagies CANNOT add datasources, but they can use another indicator as a smoothing option should not be a problem. I hope.

Nikolay is working on the 'AVERAGES (with HPF Smoothing)' indicator for me so with any luck, i'll have both the stratagy and indicator fairly soon.

Many thanks and Happy Easter to everyone!
davetherave110179

[Apprentice]

When and if, Nikolay complete its work only then can rewrite strategy.
The reason, Averages indicator is used by the strategy.

[PipGrabber]

Does this work? I did used the averages indicator then this strategy. It doesn't trade in backtesting even its set to. May it be slope or that MA/Cross. Equity remains flat,not trading.

Also, what's that "allow multiple" parameter for? thanks

[Apprentice]

First. Have you set Allow strategy to trade to Yes?
Second. If you set Allow Multiple to Yes.
Then you let strategy to open more than one position in the same direction.
This option is supported by a template that I use.
It is not always supported by stretegy algorithm.

[PipGrabber]

First. Have you set Allow strategy to trade to Yes?
Second. If you set Allow Multiple to Yes.
Then you let strategy to open more than one position in the same direction.
This option is supported by a template that I use.
It is not always supported by stretegy algorithm.

Hi Apprentice, yes I did. But the strategy is not trading. I downloaded the average indicator and strategy elsewhere. Maybe that's the reason, but I saw them on the customs folder already after it has been loaded. Its still not trading even if I remove and add up again the average strategy.

Ah ok. No, who wants multiple position on the same direction. Allow multiple is set to NO.

[Supes05]

Hi Apprentice. Love the Averages strategy! Is there any way to add a higher timeframe to work as a filter. Or maybe have the chart set on one timeframe, and the strategy set on a different. When the strategy tries to initiate a trade, it checks with the chart first? I have been doing this manually and have had great success. If I could just get it to trade that way automatically would be perfect. Hope this is do-able!

[Apprentice]

Basically, you need confirmation signals from the two time frames.
Up / Down Slope on Both or Cross in the same direction on both.

[kgsmith69]

Can someone please explain this "[peroid]"

if indicator.DATA[period]> indicator.DATA[period-1] and indicator.DATA[period-2]> indicator.DATA[period-1]

Which one is the current bar, previous bar ...etc

Thanks

[Hug Coder]

period == current period (basically current candle) from the source that called ExUpdate function.

if indicator.DATA[period]> indicator.DATA[period-1] and indicator.DATA[period-2]> indicator.DATA[period-1]
==
if currentAverage > previousAverage and previouspreviousAverage > previousAverage.

What this means is basically that it looks for a reversal a reverse-"^" pattern in the average. A bull pattern.