SMA/EMA Strategy Help

[keepbladin]

Hey everyone, new here and don't know how to code at all so I'm looking for help for building a strategy code I can add and backtest on my TOS 1hr SPY chart (No extended hours).
Strategy is:
Buy Long trigger: 10SMA crosses above the 50SMA while the 5EMA is above the 13EMA and then close long once the 5EMA crosses below the 13EMA.

Buy Short trigger 10SMA crosses below the 50SMA while 5EMA is below the 13EMA and then close short once the 5EMA crosses below the 13EMA.

Hopefully someone can help, thanks!

 

[SleepyZ]

Hey everyone, new here and don't know how to code at all so I'm looking for help for building a strategy code I can add and backtest on my TOS 1hr SPY chart (No extended hours).
Strategy is:
Buy Long trigger: 10SMA crosses above the 50SMA while the 5EMA is above the 13EMA and then close long once the 5EMA crosses below the 13EMA.

Buy Short trigger 10SMA crosses below the 50SMA while 5EMA is below the 13EMA and then close short once the 5EMA crosses below the 13EMA.

Hopefully someone can help, thanks!

This should get you started. Add the following code to a create a new Strategy.

#Buy Long trigger: 10SMA crosses above the 50SMA while the 5EMA is above the 13EMA and then close long once the 5EMA crosses below the 13EMA.

#Buy Short trigger 10SMA crosses below the 50SMA while 5EMA is below the 13EMA and then close short once the 5EMA crosses below the 13EMA.
def SMA10 = SimpleMovingAvg(close, 10);
def SMA50 = SimpleMovingAvg(close, 50);
def EMA5  = ExpAverage(close, 5);
def EMA13 = ExpAverage(close, 13);

def Long  = SMA10 crosses above SMA50 and EMA5 > EMA13;
def XLong = EMA5 crosses below EMA13;

AddOrder(OrderType.BUY_TO_OPEN, Long);
AddOrder(type = OrderType.SELL_TO_CLOSE, condition = XLong);

def Short  = SMA10 crosses below SMA50 and EMA5 < EMA13;
def XShort = EMA5 crosses above EMA13;

AddOrder(OrderType.SELL_TO_OPEN, Short);
AddOrder(type = OrderType.BUY_TO_CLOSE, condition = XShort);

 

[keepbladin]

This should get you started. Add the following code to a create a new Strategy.

amazing, thank you!


is it possible instead of exiting the trade by EMA crossing, exiting by a profit percentage instead? Is there a code for that? something small, 5%?

 

[SleepyZ]

amazing, thank you!


is it possible instead of exiting the trade by EMA crossing, exiting by a profit percentage instead? Is there a code for that? something small, 5%?

Here is a possible way to evaluate using a percentage profit exit.

#Buy Long trigger: 10SMA crosses above the 50SMA while the 5EMA is above the 13EMA and then close long once the 5EMA crosses below the 13EMA.

#Buy Short trigger 10SMA crosses below the 50SMA while 5EMA is below the 13EMA and then close short once the 5EMA crosses below the 13EMA.

input XPct = .05;

def SMA10 = SimpleMovingAvg(close, 10);
def SMA50 = SimpleMovingAvg(close, 50);
def EMA5  = ExpAverage(close, 5);
def EMA13 = ExpAverage(close, 13);

def Long  = SMA10 crosses above SMA50 and EMA5 > EMA13;
def XLong = EMA5 crosses below EMA13;
def LP    = if long then open[-1] else LP[1];
def XLP   = LP + XPct * LP;


AddOrder(OrderType.BUY_TO_OPEN, Long, tickColor = Color.LIGHT_GREEN, arrowColor = Color.LIGHT_GREEN);
AddOrder(type = OrderType.SELL_TO_CLOSE, condition = close crosses XLP, tickColor = Color.LIGHT_GREEN, arrowColor = Color.LIGHT_GREEN);

def Short  = SMA10 crosses below SMA50 and EMA5 < EMA13;
def XShort = EMA5 crosses above EMA13;
def SP    = if short then open[-1] else SP[1];
def XSP   = SP - XPct * SP;


AddOrder(OrderType.SELL_TO_OPEN, Short);
AddOrder(type = OrderType.BUY_TO_CLOSE, condition = close crosses XSP);

 

[keepbladin]

Here is a possible way to evaluate using a percentage profit exit.

#Buy Long trigger: 10SMA crosses above the 50SMA while the 5EMA is above the 13EMA and then close long once the 5EMA crosses below the 13EMA.

#Buy Short trigger 10SMA crosses below the 50SMA while 5EMA is below the 13EMA and then close short once the 5EMA crosses below the 13EMA.

input XPct = .05;

def SMA10 = SimpleMovingAvg(close, 10);
def SMA50 = SimpleMovingAvg(close, 50);
def EMA5  = ExpAverage(close, 5);
def EMA13 = ExpAverage(close, 13);

def Long  = SMA10 crosses above SMA50 and EMA5 > EMA13;
def XLong = EMA5 crosses below EMA13;
def LP    = if long then open[-1] else LP[1];
def XLP   = LP + XPct * LP;


AddOrder(OrderType.BUY_TO_OPEN, Long, tickColor = Color.LIGHT_GREEN, arrowColor = Color.LIGHT_GREEN);
AddOrder(type = OrderType.SELL_TO_CLOSE, condition = close crosses XLP, tickColor = Color.LIGHT_GREEN, arrowColor = Color.LIGHT_GREEN);

def Short  = SMA10 crosses below SMA50 and EMA5 < EMA13;
def XShort = EMA5 crosses above EMA13;
def SP    = if short then open[-1] else SP[1];
def XSP   = SP - XPct * SP;


AddOrder(OrderType.SELL_TO_OPEN, Short);
AddOrder(type = OrderType.BUY_TO_CLOSE, condition = close crosses XSP);

Thank you for this SleepyZ! Made some changes and starting to learn a little more about coding myself through all of this.
Is there a way to create alerts in TOS when the strategy triggers a buy/sell in either the long or short?

 

[SleepyZ]

Thank you for this SleepyZ! Made some changes and starting to learn a little more about coding myself through all of this.
Is there a way to create alerts in TOS when the strategy triggers a buy/sell in either the long or short?

This should help. Add the code to the bottom of your script

input alerts = yes;
alert(alerts and Long, "Long", Alert.bar, Sound.chimes);
alert(alerts and Short, "Short", Alert.bar, sound.ding);

 

[keepbladin]

This should help. Add the code to the bottom of your script

Amazing. Is there a way to get notification alerts?

 

[keepbladin]

This should help. Add the code to the bottom of your script

So I noticed that the alert sounds trigger perfectly but the strategy itself doesn't long or short right away and on average looks like it doesn't trigger the buy/sell for 2/3 hourly candles. Is there a reason why the long and short are so much later than the actual strategy triggers?