Description
Turtle Trade trend following system is a complete opposite to the "buy low and sell high" approach.
This trend following system was taught to a group of average and normal individuals, and almost everyone turned into a profitable trader.
They used the basis logic of well known Donchain Channel which developed by Richard Donchain.
In this version you have simplified version; for long trade zone (indicator value >0), for short trade zone (indicator value <0), and neutral (indicator value =0; no trend identified)
using System;
using cAlgo.API;
using cAlgo.API.Collections;
using cAlgo.API.Indicators;
using cAlgo.API.Internals;
namespace cAlgo
{
[Levels(100)]
[Cloud("TrutleTrendTradingSystem", "ZeroLevel", FirstColor = "#00ff00", SecondColor = "#ff0000", Opacity = 0.1)]
[Indicator(IsOverlay = false, TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)]
public class mTurtleTrendTradingSystem : Indicator
{
[Parameter("Entry Period (52)", DefaultValue = 52)]
public int inpPeriodEntry { get; set; }
[Parameter("Exit Period (13)", DefaultValue = 13)]
public int inpPeriodExit { get; set; }
[Output("TrutleTrendTradingSystem", LineColor = "Black", PlotType = PlotType.Line, Thickness = 1)]
public IndicatorDataSeries outTrutleTrendTradingSystem { get; set; }
[Output("ZeroLevel", LineColor = "Transparent", PlotType = PlotType.Line, Thickness = 1)]
public IndicatorDataSeries outZeroLevel { get; set; }
private IndicatorDataSeries _longEntry, _shortEntry, _exitShort, _exitLong, _ttts;
protected override void Initialize()
{
_longEntry = CreateDataSeries();
_shortEntry = CreateDataSeries();
_exitShort = CreateDataSeries();
_exitLong = CreateDataSeries();
_ttts = CreateDataSeries();
}
public override void Calculate(int i)
{
_longEntry[i] = i>inpPeriodEntry ? Bars.HighPrices.Maximum(inpPeriodEntry) : Bars.HighPrices[i];
_shortEntry[i] = i>inpPeriodEntry ? Bars.LowPrices.Minimum(inpPeriodEntry) : Bars.LowPrices[i];
_exitShort[i] = i>inpPeriodExit ? Bars.HighPrices.Maximum(inpPeriodExit) : Bars.HighPrices[i];
_exitLong[i] = i>inpPeriodExit ? Bars.LowPrices.Minimum(inpPeriodExit) : Bars.LowPrices[i];
_ttts[i] = i>1 ? _ttts[i-1] : 0;
if(i>1 && Bars.ClosePrices[i] >= _longEntry[i-1])
_ttts[i] = +1;
else
if(i>1 && Bars.ClosePrices[i] <= _shortEntry[i-1])
_ttts[i] = -1;
if(i>1 && Bars.LowPrices[i] <= _exitLong[i-1] && _ttts[i] == +1)
_ttts[i] = 0;
else
if(i>1 && Bars.HighPrices[i] >= _exitShort[i-1] && _ttts[i] == -1)
_ttts[i] = 0;
outTrutleTrendTradingSystem[i] = _ttts[i];
outZeroLevel[i] = 0;
}
}
}
mfejza
Joined on 25.01.2022
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: mTurtleTrendTradingSystem.algo
- Rating: 5
- Installs: 1323
- Modified: 06/03/2023 13:28
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Comments
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Hello, could you please make a simple Cbot from this? With TP and SL and TSL ? Thanks