Hi friends I have created this strategy after seeing big mike video.
Please help me fix its errors,Targets and stoploss not working properly
I want to enter 10 lots
target 1 : book 6 lots
target 2 : book 2 lots
target 3 ; book 2 lots

want to keep initial stoploss below low or high of entry bar
then after target 1 ,moved below low or high of target 1 bar then to target 2 bar .
cheers

 

Code

//#region Variables         private int        smalength        = 200;         private int        emalength        = 100;         private int        hmalength        = 40;                  private int        target1            = 100;         private int        target2            = 200;         private int        target3            = 300;                  private int        stop            = 500;                  private bool    be2                = true;         private bool    be3                = true;                           //#endregion         /// <summary>         /// This method is used to configure the strategy and is called once before any strategy method is called.         /// </summary>         protected override void Initialize()         {                          CalculateOnBarClose = true;             EntryHandling        = EntryHandling.UniqueEntries;                          Add(SMA(Close,HMAlength));             Add(EMA(Close,HMAlength));             Add(HMA(Close,HMAlength));                      }                  private void GoLong()         {             SetStopLoss("target1", CalculationMode.Price, Close[0] - (Stop*TickSize), false);             SetStopLoss("target2", CalculationMode.Price, Close[0] - (Stop*TickSize), false);             SetStopLoss("target3", CalculationMode.Price, Close[0] - (Stop*TickSize), false);                          SetProfitTarget("target1", CalculationMode.Price, Close[0] + (Target1*TickSize));             SetProfitTarget("target2", CalculationMode.Price, Close[0] + ((Target1+Target2)*TickSize));             SetProfitTarget("target3", CalculationMode.Price, Close[0] + ((Target1+Target2+Target3)*TickSize));                          EnterLong("target1");             EnterLong("target2");             EnterLong("target3");                                   }         private void GoShort()         {             SetStopLoss("target1", CalculationMode.Price, Close[0] + (Stop*TickSize), false);             SetStopLoss("target2", CalculationMode.Price, Close[0] + (Stop*TickSize), false);             SetStopLoss("target3", CalculationMode.Price, Close[0] + (Stop*TickSize), false);                          SetProfitTarget("target1", CalculationMode.Price, Close[0] - (Target1*TickSize));             SetProfitTarget("target2", CalculationMode.Price, Close[0] - ((Target1+Target2)*TickSize));             SetProfitTarget("target3", CalculationMode.Price, Close[0] - ((Target1+Target2+Target3)*TickSize));                          EnterShort("target1");             EnterShort("target2");             EnterShort("target3");                                   }                  private void ManageOrders()         {             if (Position.MarketPosition == MarketPosition.Long)             {                 if (BE2 && High[0] > Position.AvgPrice + (Target1*TickSize))                     SetStopLoss("target2", CalculationMode.Price, Position.AvgPrice, false);                                  if (BE3 && High[0] > Position.AvgPrice + ((Target1+Target2)*TickSize))                     SetStopLoss("target3", CalculationMode.Price, Position.AvgPrice, false);                          }             if (Position.MarketPosition == MarketPosition.Short)             {                 if (BE2 && Low[0] < Position.AvgPrice - (Target1*TickSize))                     SetStopLoss("target2", CalculationMode.Price, Position.AvgPrice, false);                                  if (BE3 && Low[0] < Position.AvgPrice - ((Target1+Target2)*TickSize))                     SetStopLoss("target3", CalculationMode.Price, Position.AvgPrice, false);                          }                      }         /// <summary>         /// Called on each bar update event (incoming tick)         /// </summary>         protected override void OnBarUpdate()         {             EntryHandling        = EntryHandling.UniqueEntries;                          SMA        smav        = SMA(SMAlength);             EMA        emav        = EMA(EMAlength);             HMA        hmav        = HMA(HMAlength);                          ManageOrders();                          if (Position.MarketPosition != MarketPosition.Flat) return;                          if (Rising(smav) && Rising(emav) && Rising(hmav))                 GoLong();             else             if (Falling(smav) && Falling(emav) && Falling(hmav))                 GoShort();                      }         //#region Properties         [Description("")]         [Category("Parameters")]         public int SMAlength         {             get { return smalength; }             set { smalength = Math.Max(1, value); }         }         [Description("")]         [Category("Parameters")]         public int EMAlength         {             get { return emalength; }             set { emalength = Math.Max(1, value); }         }         [Description("")]         [Category("Parameters")]         public int HMAlength         {             get { return hmalength; }             set { hmalength = Math.Max(1, value); }         }         [Description("")]         [Category("Parameters")]         public int Target1         {             get { return target1; }             set { target1 = Math.Max(1, value); }         }         [Description("")]         [Category("Parameters")]         public int Target2         {             get { return target2; }             set { target2 = Math.Max(1, value); }         }         [Description("")]         [Category("Parameters")]         public int Target3         {             get { return target3; }             set { target3 = Math.Max(1, value); }         }         [Description("")]         [Category("Parameters")]         public int Stop         {             get { return stop; }             set { stop = Math.Max(1, value); }         }         [Description("")]         [Category("Parameters")]         public bool BE2         {             get { return be2; }             set { be2 = value; }         }         [Description("")]         [Category("Parameters")]         public bool BE3         {             get { return be3; }             set { be3 = value; }         }                           //#endregion     } }

Which NT version are you using?

zeller4 

Which NT version are you using?

zeller it is 6.5,but can use 7 also

I am a complete novice programmer, but could it be that the names target1, target2....etc
are repeated for longs and shorts..... and when trying to work out a target for a long v a short, one is above the market, the other below the market, which stuffs up future max, and min calculations.

Try calling them LongTarget1, ShortTarget1 see if that makes a difference.

MotoMoto 

I am a complete novice programmer, but could it be that the names target1, target2....etc are repeated for longs and shorts..... and when trying to work out a target for a long v a short, one is above the market, the other below the market, which stuffs up future max, and min calculations. Try calling them LongTarget1, ShortTarget1 see if that makes a difference.

qty done ,someone please help me with trailing stoploss

kavin729 

qty done ,someone please help me with trailing stoploss

Have you looked at other strategies posted in the elite downloas? I think the hurley might be modified to do what you are doing ... but I could be wrong as it sbeen awhile since I looked at it in detail

Jon

Trader.Jon 

Have you looked at other strategies posted in the elite downloas? I think the hurley might be modified to do what you are doing ... but I could be wrong as it sbeen awhile since I looked at it in detail Jon

don't have access to elite circle
don't want to donate cash but want to learn, share, contribute and help so that some day I am considered worthy enough to be given access to elite circle to enhance my knowledge amongst the best traders of bigmiketrading forum

kavin

Kevin,

This is only 50 bucks to join the Elite! I believe this is an investment in your learning. Look at as buying a
book or buying a beginning education. I've never done subroutines in C Sharp. Try writing this all in one
mainline.

Kavin,

I tested another strategy that I hope you will enjoy using your code and adding breakeven, trailing stop
routine I copied from somewhere else here at Big Mike's. This strategy tests out at 39.81% and has a profit
of $31,440. You can probably perfect it. I'd like to see what you can do with it as follows: