Feature Request - Smart strategies, with example

EXAMPLE,

IF price is above the Bands enter SELL orders,
IF price is below the Bands enter BUY orders,


this creates a strategy based on mean reversion,
but the smart part that SQ4 could use is to calculate distance by pips or atr or anything else and make it smarter, for example,


now that we have those rules above and have a mean reversion strategy, our worst fear is a trend because in a trend it will open many orders and our margin will go down fast..,
the smart part is to make those following rules:


IF price is above the Bands enter SELL orders + (IF price gone 50 pips above the EntryPrice [which means a trend started..]) then switch to enter BUY orders rather then SELL orders,

IF price is below the Bands enter BUY orders + (IF price gone 50 pips below the EntryPrice [which means a trend started..]) then switch to enter SELL orders rather then BUY orders.



maybe the example in the picture is not the best, but many strategies will benefit from this approach :)

Attachments
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  • Votes +1
  • Project StrategyQuant X
  • Type Feature
  • Status Fixed
  • Priority Normal

History

k
#1

Karish

05.02.2018 13:30

Task created

k
#2

Karish

12.02.2018 16:27

Attachment ttt.png added

Added better example screenshot
MF
#3

Mark Fric

20.04.2018 11:37

Status changed from New to Fixed

k
#4

Karish

19.08.2020 00:59
Voted for this task.

Votes: +1

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