@MerryDay I reached out to @BenTen and he asked me to post the request on the forum. I know is not a perfect system and it repaints. Just need help with the details of the code to get it working per my description. If anyone is able to help with the code I will appreciate it. Below is the idea of the code and what I would like for it to do.
I am using the Trend Reversal Indicator as a trading strategy for an auto trading robot for TOS (BETA PAPER TRADING). The Robot takes signals from the Labels and Alert notifications to execute trades. What I need help with is to make sure the Robot enters the trade on “Buy” signals and closes the trade on “Sell” signal ( I am able to get this part done perfectly). What is giving trouble is adding a delay of 3-5 seconds for robot to reset and start scanning to enter “Short”. This needs to be accomplished via the Labels and Alert notifications. I also have a Stop-Loss incorporated in the study and need that working on a switch basis. Need to alert based on CASE 1 “LONG” or CASE 2 “SHORT” on a trade.
Below is the coded strategy (work in progress).
I am using the Trend Reversal Indicator as a trading strategy for an auto trading robot for TOS (BETA PAPER TRADING). The Robot takes signals from the Labels and Alert notifications to execute trades. What I need help with is to make sure the Robot enters the trade on “Buy” signals and closes the trade on “Sell” signal ( I am able to get this part done perfectly). What is giving trouble is adding a delay of 3-5 seconds for robot to reset and start scanning to enter “Short”. This needs to be accomplished via the Labels and Alert notifications. I also have a Stop-Loss incorporated in the study and need that working on a switch basis. Need to alert based on CASE 1 “LONG” or CASE 2 “SHORT” on a trade.
Below is the coded strategy (work in progress).
Code:
#Date: Dec-13-2020
#TrendReversal Version 2.1
#Updated
# Removed fibs
# Changed bubbles from Reversal to BUY and SELL
# Added Tradesize and Order Entry
### TradeSIZE Size
input TRADESIZE = 100;
### EXIT BAD
input stop = 20;
input offsetType = {default tick, percent, value};
def price = close;
def superfast_length = 9;
def fast_length = 14;
def slow_length = 21;
def displace = 0;
def mov_avg9 = ExpAverage(price[-displace], superfast_length);
def mov_avg14 = ExpAverage(price[-displace], fast_length);
def mov_avg21 = ExpAverage(price[-displace], slow_length);
#moving averages
def Superfast = mov_avg9;
def Fast = mov_avg14;
def Slow = mov_avg21;
def buy = mov_avg9 > mov_avg14 and mov_avg14 > mov_avg21 and low > mov_avg9;
def stopbuy = mov_avg9 <= mov_avg14;
def buynow = !buy[1] and buy;
def buysignal = CompoundValue(1, if buynow and !stopbuy then 1 else if buysignal[1] == 1 and stopbuy then 0 else buysignal[1], 0);
def Buy_Signal = buysignal[1] == 0 and buysignal == 1;
def Momentum_Down = buysignal[1] == 1 and buysignal == 0;
def sell = mov_avg9 < mov_avg14 and mov_avg14 < mov_avg21 and high < mov_avg9;
def stopsell = mov_avg9 >= mov_avg14;
def sellnow = !sell[1] and sell;
def sellsignal = CompoundValue(1, if sellnow and !stopsell then 1 else if sellsignal[1] == 1 and stopsell then 0 else sellsignal[1], 0);
def Sell_Signal = sellsignal[1] == 0 and sellsignal;
plot Colorbars = if buysignal == 1 then 1 else if sellsignal == 1 then 2 else if buysignal == 0 or sellsignal == 0 then 3 else 0;
Colorbars.Hide();
Colorbars.DefineColor("Buy_Signal_Bars", Color.GREEN);
Colorbars.DefineColor("Sell_Signal_Bars", Color.RED);
Colorbars.DefineColor("Neutral", Color.YELLOW);
#___________________________________________________________________________
input method = {default average, high_low};
def bubbleoffset = .0005;
def percentamount = .01;
def revAmount = .05;
def atrreversal = 2.0;
def atrlength = 5;
def pricehigh = high;
def pricelow = low;
def averagelength = 5;
def averagetype = AverageType.EXPONENTIAL;
def mah = MovingAverage(averagetype, pricehigh, averagelength);
def mal = MovingAverage(averagetype, pricelow, averagelength);
def priceh = if method == method.high_low then pricehigh else mah;
def pricel = if method == method.high_low then pricelow else mal;
def EI = ZigZagHighLow("price h" = priceh, "price l" = pricel, "percentage reversal" = percentamount, "absolute reversal" = revAmount, "atr length" = atrlength, "atr reversal" = atrreversal);
rec EISave = if !IsNaN(EI) then EI else GetValue(EISave, 1);
def chg = (if EISave == priceh then priceh else pricel) - GetValue(EISave, 1);
def isUp = chg >= 0;
def EIL = if !IsNaN(EI) and !isUp then pricel else GetValue(EIL, 1);
def EIH = if !IsNaN(EI) and isUp then priceh else GetValue(EIH, 1);
def dir = CompoundValue(1, if EIL != EIL[1] or pricel == EIL[1] and pricel == EISave then 1 else if EIH != EIH[1] or priceh == EIH[1] and priceh == EISave then -1 else dir[1], 0);
def signal = CompoundValue(1, if dir > 0 and pricel > EIL then if signal[1] <= 0 then 1 else signal[1] else if dir < 0 and priceh < EIH then if signal[1] >= 0 then -1 else signal[1] else signal[1], 0);
def bullish2 = signal > 0 and signal[1] <= 0;
plot upArrow = bullish2;
upArrow.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
upArrow.SetDefaultColor(CreateColor(145, 210, 144));
def bearish2 = signal < 0 and signal[1] >= 0;
plot downArrow = bearish2;
downArrow.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
downArrow.SetDefaultColor(CreateColor(255, 15, 10));
def showarrows = yes;
def U1 = showarrows and signal > 0 and signal[1] <= 0;
#U1.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
#U1.SetDefaultColor(Color.GREEN);
#U1.SetLineWeight(4);
def D1 = showarrows and signal < 0 and signal[1] >= 0;
#D1.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
#D1.SetDefaultColor(Color.RED);
#D1.SetLineWeight(4);
def barnumber = BarNumber()[10];
#START
AddChartBubble((barnumber and U1), if isUp then low else high, if showarrows and signal > 0 and signal[1] <= 0 then " BUY " else "" , if Colorbars == 3 then Color.YELLOW else Color.UPTICK, no);
AddChartBubble((barnumber and D1), if isUp then low else high, if showarrows and signal < 0 and signal[1] >= 0 then " SELL " else "" , if Colorbars == 3 then Color.YELLOW else Color.DOWNTICK, yes);
#END
def revLineTop;
def revLineBot;
if barnumber and D1 {
revLineBot = Double.NaN;
revLineTop = high[1];
} else if barnumber and U1 {
revLineTop = Double.NaN;
revLineBot = low[1];
} else if !IsNaN(revLineBot[1]) and (Colorbars[2] == 2 or Colorbars[1] == 2) {
revLineBot = revLineBot[1];
revLineTop = Double.NaN;
} else if !IsNaN(revLineTop[1]) and (Colorbars[2] == 1 or Colorbars[1] == 1) {
revLineTop = revLineTop[1];
revLineBot = Double.NaN;
} else {
revLineTop = Double.NaN;
revLineBot = Double.NaN;
}
plot botLine = revLineBot[-1];
botLine.SetDefaultColor(Color.LIGHT_GREEN);
plot topLine = revLineTop[-1];
topLine.SetDefaultColor(Color.LIGHT_RED);
################ EXIT BAD
def entryPrice = EntryPrice();
def mult;
switch (offsetType) {
case percent:
mult = entryPrice / 100;
case value:
mult = 1;
case tick:
mult = TickSize();
}
def stopPriceLE = entryPrice - stop * mult;
def stopPriceSE = entryPrice + stop * mult;
plot BAD_LONG_STOP = stopPriceLE;
plot BAD_SHORT_STOP = stopPriceSE;
### ORDERS
AddOrder(OrderType.BUY_AUTO, upArrow[1] == 1, open, TRADESIZE, tickcolor = GetColor(1), arrowcolor = GetColor(1), name = "ENTER TRADE");
AddOrder(OrderType.SELL_AUTO, downArrow[1] == 1, open, TRADESIZE, tickcolor = GetColor(9), arrowcolor = GetColor(9), name = "EXIT TRADE");
AddOrder(OrderType.BUY_TO_CLOSE, high >= stopPriceSE from 1 bars ago crosses above stopPriceSE, close, TRADESIZE, tickcolor = GetColor(3), arrowcolor = GetColor(3), name = "EXIT BAD SHORT");
AddOrder(OrderType.SELL_TO_CLOSE, low <= stopPriceLE from 1 bars ago crosses below stopPriceLE, close, TRADESIZE, tickcolor = GetColor(3), arrowcolor = GetColor(3), name = "EXIT BAD LONG");
### ALERTS
Alert(upArrow[1] == 1, " BUY SIGNAL ", Alert.BAR, Sound.Chimes);
Alert(downArrow[1] == 1, " SELL SIGNAL ", Alert.BAR, Sound.Chimes);
Alert(high >= stopPriceSE from 1 bars ago crosses above stopPriceSE and TRADESIZE * -100 <= -1 == 1, " BAD SHORT EXIT TRADE ", Alert.BAR, Sound.Chimes);
Alert(low <= stopPriceLE from 1 bars ago crosses below stopPriceLE and TRADESIZE * 100 >= 1 == 1, " BAD LONG EXIT TRADE ", Alert.BAR, Sound.Chimes);
### LABELS
AddLabel(yes, if (upArrow[1] >= 1 within 2 bars) or (high >= stopPriceSE from 1 bars ago crosses above stopPriceSE) then " BUY BUY BUY " else " NO SIGNAL ", Color.YELLOW);
AddLabel(yes, if (downArrow[1] >= 1 within 2 bars) or (low <= stopPriceLE from 1 bars ago crosses below stopPriceLE) then " SELL SELL SELL " else " NO SIGNAL ", Color.WHITE);
### The Robot uses the Labels and Alerts for order execution. A long order must be closed and after a 3-5 seconds delay I would like the robot to enter a "short" trade that will be closed by a "Buy" signal from the study. This will run on a loop.
### STOP-LOSS, The Stop-loss should be on a switch or similar code. Trigger stop-loss alert and label only if price goes against the trade in place at the time.
### Plan on running strategy on Renko Charts.
### If there's unnessessary code on this study that can be removed without affecting functionality please do so to make code cleaner and easier to read.
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And, do you have an audible alert for it? Thanks for any info/help you can provide.
