Really?! With the same code?

For me to test your code can you tell what timeframe
and can you give the exact code you are using for: keltnerchannellower

Well....identical entry and exit code but not quite the same code because of the permutations it has been through [note much of it is commented out with {} brackets] but the changes don't affect the outcome no matter what I try.

Edited to add: Perhaps the major difference is testing for flat before entry, but removing that condition does not change the outcome.

 

Code

[IntrabarOrderGeneration = True] inputs: Keltlen(25), keltwid(2.5), quantity(100000), Num1(40), Num2(60) ; variables: BoolExitLong(false), BoolExitShort(false), isMarketPosition1(0), isAboveKC(false), isBelowKC(false), isAbove(false), isBelow(false), isBelowMid(false), crossesBelowUpperKC(false), isLongBomb(false), l20Closes(0), l50Closes(0), KeltWidex(1.5), KeltnerChannelLower(0), KeltnerChannelUpper(0), KeltnerChannelMid(0), isRising(false), entryP(0), exitP(0), pAndL(0), started(false), oPS(""), isFalling(false), isBelowKCUpper(false), isAboveKCUpper(false), CloseTrade(false) ; KeltnerChannelMid = AverageFC(Close,Keltlen); KeltnerChannelLower = KeltnerChannelMid - keltwid * AvgTrueRange(Keltlen); KeltnerChannelUpper = KeltnerChannelMid + keltwid * AvgTrueRange(Keltlen); isRising = KeltnerChannelLower > KeltnerChannelLower [1]; isFalling = KeltnerChannelUpper < KeltnerChannelUpper [1]; isBelowKC = close[0] < KeltnerChannelLower; isAboveKCUpper = close[0] > KeltnerChannelUpper;// or close[0] crosses over KeltnerChannelMid or close[0] crosses over KeltnerChannelUpper ; isAboveKC = close[0] crosses over KeltnerChannelLower;// or close[0] crosses over KeltnerChannelMid or close[0] crosses over KeltnerChannelUpper ; isBelowKCUpper = close[0] crosses under KeltnerChannelUpper;// or close[0] crosses over KeltnerChannelMid or close[0] crosses over KeltnerChannelUpper ; //isAbove = close crosses above KeltnerChannelUpper; //isBelow = close crosses below KeltnerChannelLower; //isBelowMid = close crosses below KeltnerChannelMid; //crossesBelowUpperKC = close crosses below KeltnerChannelUpper; { if MarketPosition = 0 then begin if isRising and isAboveKC then begin Buy ("Enter long") quantity Contracts Next Bar At Market; Print(D:7:0," ",Time_s:6:0," Go long "); end else if isFalling and isBelowKCUpper then begin sellshort ("Enter shot") quantity Contracts Next Bar At Market; Print(D:7:0," ",Time_s:6:0," Go long "); end; end; } // Just a long target //if positionprofit > 4000 then begin //sell ("target") quantity Contracts next bar at market; //CloseTrade = False; //end; // Long signal (basic) if marketposition = 0 then begin if Average(close,Num1)[0] > Average(close,Num2)[0] then begin buy ("long") quantity Contracts next bar at market; Print(D," ",Time_s," buy with avg1 = ",Average(close,Num1)[0]," > avg2 = ",Average(close,Num2)[0] ); CloseTrade = False; end; end; // Turns ON CloseTrade bool if marketposition = 1 then begin if close[0] <= KeltnerChannelLower then begin // (close,25,2.5)[0] then begin Print(D," ",Time_s," close ",close," KCL ",KeltnerChannelLower); CloseTrade = True; end; end; // Just another check to make sure we're in a long position, if not CloseTrade OFF If marketposition = 0 or marketposition = -1 then begin CloseTrade = False; end; // The CloseTrade EXIT if (marketposition = 1) and (CloseTrade = True) and (close[0] > Average(close,18)[0]) then begin sell ("CloseTrade") quantity Contracts next bar at market; Print(D," ",Time_s," sell with close = ",close," Avg ",Average(close,18)[0]); CloseTrade = False; end; { if marketposition = 1 then begin if isBelowKC then begin Print(D:7:0," ",Time_s:6:0,"Initial Bool ON"); BoolExitLong = true; end; if BoolExitLong then begin if isAboveKC then begin Print(D:7:0," ",Time_s:6:0," sell (bool was true exit) next bar at market"); Print(D:7:0," ",Time_s:6:0,"Turning Bool OFF"); Print(D:7:0," ",Time_s:6:0," Bool was TRUE and EXIT level reached"); Sell ("Exit long") Next Bar quantity Contracts At Market; BoolExitLong = false; end; end; end; if marketposition = -1 then begin if isAboveKCUpper then begin Print(D:7:0," ",Time_s:6:0,"Initial Bool short ON"); BoolExitShort = true; end; if BoolExitShort then begin if isBelowKCUpper then begin Print(D:7:0," ",Time_s:6:0," sell (bool was true exit) next bar at market"); Print(D:7:0," ",Time_s:6:0,"Turning Bool OFF"); Print(D:7:0," ",Time_s:6:0," Bool was TRUE and EXIT level reached"); buytocover ("Exit short") Next Bar quantity Contracts At Market; BoolExitLong = false; end; end; end; }

I'm curious what happens if you replace your KeltnerChannelLower function with my definition, since it seems to be at the center of the issue.

ehlaban -
I am using this as a function:
inputs: PriceValue( numericseries ), Len( numericsimple ), NumATRs( numericsimple ) ;
KeltnerChannelLower = Average( PriceValue, Len ) - NumATRs * AvgTrueRange( Len ) ;

21minute bars is the timeframe


bnichols -
When I try your code I get similar results, however, if I turn on bar magnifier @ 1 minute resolution, I get a lot of weird trading right around entries and exits. I've run into this a lot, some times my charts are just a mess of in/out trading...
Any idea what is going on there? Do you see that with bar mag?

See closeup image

If I turn on bar magnifier I get your (weird) results. That is, no multiple entry/exit (although I have seen that previously) but the exit is missed--no clue why at the moment.

Furthermore, turning bar magnifier off does not fix the problem -- it is now stuck in weird mode....

Edited to add: and neither does restarting MC (fix the problem)

I suppose I should be happy I've managed to duplicate your results

Fixed it by re-wrapping entry test with the marketpositionflat test:

 

Code

if marketposition = 0 then begin if Average(close,Num1)[0] > Average(close,Num2)[0] then begin buy ("long") quantity Contracts next bar at market; Print(D," ",Time_s," buy with avg1 = ",Average(close,Num1)[0]," > avg2 = ",Average(close,Num2)[0] ); CloseTrade = False; end; end;

haha - I suppose that is an accomplishment of sorts

The trading as seen in the close up image is the reason that I put so many CloseTrade = False snip-its throughout the code. I wanted to make sure that any time it made a trade or performed an action CloseTrade was set to False.
You can see in that close up image that we end the previous trade and the code should have turned CloseTrade bool to false, so we should not be exiting again with CloseTrade right away and yet we are. Even though we're no where near the lower KC and yet is still triggers a CloseTrade trade next bar.

I'm baffled...

If you do not test for flat the line

 

Code

CloseTrade = False;

will be executed every time an entry signal is generated by the MA's whether or not a new position is opened. THIS IS WHAT IS CAUSING THE HAVOC.

Edited to add: not sure why it took so long to manifest itself on my system or why turning bar magnifier on finally triggered it.