Implementing The Buy Zone in the Public Eye

trading strategies and money management discussion, code, results

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kiwiautotrader
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Postby kiwiautotrader » Mon Dec 06, 2010 4:29 am

Hi TrueBlue,

I am coding in Delphi/Neoticker. Broker is MB.

MT4 is used for correlation.

IQFeed used for development historical data.

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TheRumpledOne
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Postby TheRumpledOne » Mon Dec 06, 2010 12:20 pm

I sure hope it is NOT MT4!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

kiwiautotrader
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Postby kiwiautotrader » Mon Dec 06, 2010 7:58 pm

Can you tell me what you mean please TRO?

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Postby kiwiautotrader » Mon Dec 06, 2010 9:19 pm

As discussed previous , here are the explicit rules - as supplied by TRO.

DRAIN THE BANKS - LIKE A RAT


1) Price within 20 pips of the daily low - that is OPPORTUNITY

2) Red candle closes

3) Green candle closes - note the high price of the green candle.

4) Enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

7) If the rules do not mention it, then it is of no concern.


"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."


GREEN RAT REVERSAL - LONG ENTRY CRITERIA: 1) RED CANDLE CLOSES 2) GREEN CANDLE CLOSES 3) PRICE TOUCHES HIGH OF PREVIOUS GREEN CANDLE - ENTER LONG. STOP LOSS IS ALWAYS 10 PIPS.


RED RAT REVERSAL - SHORT ENTRY CRITERIA: 1) GREEN CANDLE CLOSES 2) RED CANDLE CLOSES 3) PRICE TOUCHES LOW OF PREVIOUS RED CANDLE - ENTER SHORT. STOP LOSS IS ALWAYS 10 PIPS.

kiwiautotrader
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Postby kiwiautotrader » Mon Dec 06, 2010 9:21 pm

I do have one current question regarding the rules.

When creating a 24hr autotrader, when do we reset the low for the current day as in 1)

") Price within 20 pips of the daily low - that is OPPORTUNITY"


Should I for instance simply restart the daily low counter at 0:00 on the start of each day? I hope this is not a silly question.

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Postby kiwiautotrader » Mon Dec 06, 2010 9:26 pm

PROGRESS UPDATE :

THe autotrader is now fully coded - but remains untested. However this is such a simple strat that I dont expect that to take long.

I have added forex to my IQFEED account - previously I have been working with equities.

This morning I need to set up the broker link between MB and Neoticker, this again is something i have not had to do before as I have previously exclusively used IB.



This afternoon I will do some sensibility testing on the autotrader to remove any bugs. I will do this by backtesting over two or three days of historical data from IQFEED. This is just to make sure tha that my logic is performing exaclty as I would expect.

All going well, tomorrow I will start the autotrader live trading.

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Postby kiwiautotrader » Mon Dec 06, 2010 9:28 pm

NOTE - I have not yet coded up the Rat reversals.

Also , can anyone suggest the best currency pair to run this on straight out of the box?

Have a good day Aj.

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Postby kiwiautotrader » Mon Dec 06, 2010 9:32 pm

RULE QUESTION :

Excuse my ignorance - this relate to rule 3) and 4)

"3) Green candle closes - note the high price of the green candle. "
"4) Enter long at the green candle's high price "


Does this mean that I simply enter at market order as SOON as the green candle closes? If so, I do not see the significane of noting the high price of the green candle? Doesnt this mean that at the close of the green candle just get in at whatever price you can?

AI also forgot to mention my stop is a limit order.

Cheers again Aj,

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Postby tmanbone » Mon Dec 06, 2010 10:54 pm

"3) Green candle closes - note the high price of the green candle. "

You want price to break this high for entry. I'm assuming your a green rat? TRO trades these pairs. I see the USD/CAD traded frequently.

"Should I for instance simply restart the daily low counter at 0:00 on the start of each day?"

I think TRO is set up this way.

Image
Last edited by tmanbone on Tue Dec 07, 2010 1:51 am, edited 2 times in total.
"The simplicity of the markets is it's greatest disguise"

T

kiwiautotrader
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Postby kiwiautotrader » Mon Dec 06, 2010 11:19 pm

Hi TMA,

Of course you have to wait for it to break the high! Sorry, i dont know what i was thinking.....

A night shift at work where I was up half the night combined with too much time at the keyboard will have to be my excuse for my silly question :)

Many thanks for your help.

Regards, Aj

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