Placing orders based on indicator
Placing orders based on indicator
17 May 2024, 17:44
Hello,
I've been on the look to trade based on indicator instead of price. I found something close to what I was wondering which is to trade based on a horizontal/trend line. I found the below cBot which places orders based on trend line however this only works for price chart.
Is there a modification that can be done in this cbot to allow it to draw the line over the indicator window and place an order once the indicator reaches the line?
Thanks in advance
Please find below the code (Lines Trader algorithms.types.cbot.name | Algorithmic Forex Trading | cTrader Community)
using System;
using System.Collections.Generic;
using System.Linq;
using cAlgo.API;
namespace cAlgo.Robots
{
[Robot(TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)]
public class LinesTrader : Robot
{
private const string HowToUseText = "How to use:\nCtrl + Left Mouse Button - Draw Breakout line\nShift + Left Mouse Button - Draw Retracement line";
private const string HowToUseObjectName = "LinesTraderText";
[Parameter("Stop Loss Pips", DefaultValue = 0.0, MinValue = 0.0, Step = 1)]
public double StopLossPips { get; set; }
[Parameter("Take Profit Pips", DefaultValue = 0.0, MinValue = 0.0, Step = 1)]
public double TakeProfitPips { get; set; }
[Parameter("Volume", DefaultValue = 1000, MinValue = 0, Step = 1)]
public double Volume { get; set; }
[Parameter("Trade", DefaultValue = true)]
public bool IsTradingAllowed { get; set; }
[Parameter("Send Email", DefaultValue = false)]
public bool IsEmailAllowed { get; set; }
[Parameter("Email address")]
public string EmailAddress { get; set; }
[Parameter("Show How To Use", DefaultValue = true)]
public bool ShowHowToUse { get; set; }
private SignalLineDrawManager DrawManager { get; set; }
private SignalLineRepository SignalLineRepository { get; set; }
protected override void OnStart()
{
DrawManager = new SignalLineDrawManager(Chart);
SignalLineRepository = new SignalLineRepository(Chart);
if (ShowHowToUse)
{
ShowHowToUseText();
Chart.MouseDown += OnChartMouseDown;
}
}
protected override void OnTick()
{
var lastBarIndex = MarketSeries.Close.Count - 1;
foreach (var signalLine in SignalLineRepository.GetLines())
if (signalLine.CanExecute(Symbol.Bid, lastBarIndex))
{
signalLine.MarkAsExecuted();
var message = string.Format("{0} Signal line {1}{2} was executed on {3}", Time, signalLine.TradeType, signalLine.SignalType, Symbol.Code);
Print(message);
if (IsTradingAllowed)
{
ExecuteMarketOrder(signalLine.TradeType, Symbol, Volume, "LinesTrader cBot", StopLossPips, TakeProfitPips);
}
if (IsEmailAllowed)
{
Notifications.SendEmail(EmailAddress, EmailAddress, "LinesTrader Alert", message);
}
}
}
protected override void OnStop()
{
SignalLineRepository.Dispose();
DrawManager.Dispose();
}
private void OnChartMouseDown(ChartMouseEventArgs args)
{
Chart.MouseDown -= OnChartMouseDown;
HideHowToUseText();
}
private void ShowHowToUseText()
{
Chart.DrawStaticText(HowToUseObjectName, HowToUseText, VerticalAlignment.Center, HorizontalAlignment.Center, Chart.ColorSettings.ForegroundColor);
}
private void HideHowToUseText()
{
Chart.RemoveObject(HowToUseObjectName);
}
}
public class SignalLineDrawManager : IDisposable
{
private readonly Chart _chart;
private ProtoSignalLine _currentProtoSignalLine;
private const string StatusTextName = "ProtoSignalLineStatus";
public SignalLineDrawManager(Chart chart)
{
_chart = chart;
_chart.DragStart += OnChartDragStart;
_chart.DragEnd += OnChartDragEnd;
_chart.Drag += OnChartDrag;
}
private void OnChartDragStart(ChartDragEventArgs args)
{
if (args.ChartArea != args.Chart)
return;
var signalType = GetSignalType(args);
if (signalType.HasValue)
{
_chart.IsScrollingEnabled = false;
_currentProtoSignalLine = new ProtoSignalLine(_chart, signalType, args.TimeValue, args.YValue);
UpdateStatus();
}
else
{
_currentProtoSignalLine = null;
}
}
private void OnChartDragEnd(ChartDragEventArgs args)
{
if (_currentProtoSignalLine != null)
{
_currentProtoSignalLine.Complete(args.TimeValue, args.YValue);
_currentProtoSignalLine = null;
_chart.IsScrollingEnabled = true;
_chart.RemoveObject(StatusTextName);
}
}
private void OnChartDrag(ChartDragEventArgs args)
{
if (_currentProtoSignalLine != null)
{
_currentProtoSignalLine.Update(args.TimeValue, args.YValue);
UpdateStatus();
}
}
private void UpdateStatus()
{
var text = string.Format("Creating {0} line", _currentProtoSignalLine.LineLabel);
_chart.DrawStaticText(StatusTextName, text, VerticalAlignment.Top, HorizontalAlignment.Left, _chart.ColorSettings.ForegroundColor);
}
private SignalType? GetSignalType(ChartDragEventArgs args)
{
if (args.CtrlKey && !args.ShiftKey)
return SignalType.Breakout;
if (!args.CtrlKey && args.ShiftKey)
return SignalType.Retracement;
return null;
}
public void Dispose()
{
_chart.DragStart -= OnChartDragStart;
_chart.DragEnd -= OnChartDragEnd;
_chart.Drag -= OnChartDrag;
}
}
public class SignalLineRepository : IDisposable
{
private readonly Chart _chart;
private readonly Dictionary<string, SignalLine> _signalLines;
public SignalLineRepository(Chart chart)
{
_chart = chart;
_signalLines = new Dictionary<string, SignalLine>();
foreach (var chartTrendLine in chart.FindAllObjects<ChartTrendLine>())
TryAddSignalLine(chartTrendLine);
_chart.ObjectAdded += OnChartObjectAdded;
_chart.ObjectRemoved += OnChartObjectRemoved;
_chart.ObjectUpdated += OnChartObjectUpdated;
}
public IEnumerable<SignalLine> GetLines()
{
return _signalLines.Values;
}
private void TryAddSignalLine(ChartObject chartObject)
{
var chartTrendLine = chartObject as ChartTrendLine;
if (chartTrendLine != null && IsSignalLine(chartTrendLine))
_signalLines.Add(chartTrendLine.Name, CreateSignalLine(chartTrendLine));
}
private void TryRemoveSignalLine(ChartObject chartObject)
{
if (_signalLines.ContainsKey(chartObject.Name))
_signalLines.Remove(chartObject.Name);
}
private void OnChartObjectAdded(ChartObjectAddedEventArgs args)
{
if (args.Area != args.Chart)
return;
TryAddSignalLine(args.ChartObject);
}
private void OnChartObjectUpdated(ChartObjectUpdatedEventArgs args)
{
if (args.Area != args.Chart)
return;
TryRemoveSignalLine(args.ChartObject);
TryAddSignalLine(args.ChartObject);
}
private void OnChartObjectRemoved(ChartObjectRemovedEventArgs args)
{
if (args.Area != args.Chart)
return;
TryRemoveSignalLine(args.ChartObject);
}
private SignalLine CreateSignalLine(ChartTrendLine chartTrendLine)
{
var signalType = GetLineSignalType(chartTrendLine);
var tradeType = GetLineTradeType(chartTrendLine);
var signalLine = new SignalLine(chartTrendLine, signalType, tradeType);
return signalLine;
}
private bool IsSignalLine(ChartTrendLine line)
{
return SignalLineLabels.AllLables.Contains(line.Comment);
}
private SignalType GetLineSignalType(ChartTrendLine line)
{
var comment = line.Comment;
if (comment == SignalLineLabels.BuyBreakoutLabel || comment == SignalLineLabels.SellBreakoutLabel)
return SignalType.Breakout;
if (comment == SignalLineLabels.BuyRetraceLabel || comment == SignalLineLabels.SellRetraceLabel)
return SignalType.Retracement;
throw new ArgumentException();
}
private TradeType GetLineTradeType(ChartTrendLine line)
{
var comment = line.Comment;
if (comment == SignalLineLabels.BuyBreakoutLabel || comment == SignalLineLabels.BuyRetraceLabel)
return TradeType.Buy;
if (comment == SignalLineLabels.SellBreakoutLabel || comment == SignalLineLabels.SellRetraceLabel)
return TradeType.Sell;
throw new ArgumentException();
}
public void Dispose()
{
_chart.ObjectAdded -= OnChartObjectAdded;
_chart.ObjectRemoved -= OnChartObjectRemoved;
_chart.ObjectUpdated -= OnChartObjectUpdated;
}
}
public class ProtoSignalLine
{
private static readonly Color BuyLineColor = Color.Green;
private static readonly Color SellLineColor = Color.Red;
private readonly Chart _chart;
private readonly ChartTrendLine _line;
private readonly SignalType? _signalType;
public ProtoSignalLine(Chart chart, SignalType? signalType, DateTime startTimeValue, double startYValue)
{
_chart = chart;
_signalType = signalType;
_line = _chart.DrawTrendLine(string.Format("LinesTrader {0:N}", Guid.NewGuid()), startTimeValue, startYValue, startTimeValue, startYValue, LineColor);
_line.ExtendToInfinity = true;
_line.Thickness = 2;
_line.IsInteractive = true;
}
private bool IsPriceAboveLine
{
get { return _line != null && _chart.Symbol.Bid >= _line.CalculateY(_chart.MarketSeries.Close.Count - 1); }
}
private TradeType LineTradeType
{
get { return _signalType == SignalType.Breakout ? (IsPriceAboveLine ? TradeType.Sell : TradeType.Buy) : (IsPriceAboveLine ? TradeType.Buy : TradeType.Sell); }
}
private Color LineColor
{
get { return LineTradeType == TradeType.Buy ? BuyLineColor : SellLineColor; }
}
public string LineLabel
{
get { return _signalType == SignalType.Breakout ? (LineTradeType == TradeType.Buy ? SignalLineLabels.BuyBreakoutLabel : SignalLineLabels.SellBreakoutLabel) : (LineTradeType == TradeType.Buy ? SignalLineLabels.BuyRetraceLabel : SignalLineLabels.SellRetraceLabel); }
}
private bool CanComplete
{
get { return _line.Time1 != _line.Time2 || Math.Abs(_line.Y1 - _line.Y2) >= _chart.Symbol.PipValue; }
}
public void Update(DateTime timeValue, double yValue)
{
_line.Time2 = timeValue;
_line.Y2 = yValue;
_line.Color = LineColor;
}
public void Complete(DateTime timeValue, double yValue)
{
Update(timeValue, yValue);
if (CanComplete)
{
_line.Comment = LineLabel;
_line.IsInteractive = true;
}
else
{
_chart.RemoveObject(_line.Name);
}
}
}
public class SignalLine
{
public TradeType TradeType { get; private set; }
public SignalType SignalType { get; private set; }
private readonly ChartTrendLine _chartTrendLine;
public SignalLine(ChartTrendLine chartTrendLine, SignalType signalType, TradeType tradeType)
{
_chartTrendLine = chartTrendLine;
SignalType = signalType;
TradeType = tradeType;
}
public void MarkAsExecuted()
{
_chartTrendLine.Thickness = 1;
_chartTrendLine.Color = Color.FromArgb(150, _chartTrendLine.Color);
}
public bool CanExecute(double price, int barIndex)
{
if (_chartTrendLine.Thickness <= 1)
return false;
var lineValue = _chartTrendLine.CalculateY(barIndex);
switch (SignalType)
{
case SignalType.Breakout:
return CanExecuteForBreakout(price, lineValue);
case SignalType.Retracement:
return CanExecuteForRetrace(price, lineValue);
default:
throw new ArgumentOutOfRangeException();
}
}
private bool CanExecuteForBreakout(double price, double lineValue)
{
return TradeType == TradeType.Buy && price > lineValue || TradeType == TradeType.Sell && price < lineValue;
}
private bool CanExecuteForRetrace(double price, double lineValue)
{
return TradeType == TradeType.Buy && price <= lineValue || TradeType == TradeType.Sell && price >= lineValue;
}
}
public enum SignalType
{
Breakout,
Retracement
}
public static class SignalLineLabels
{
public const string BuyBreakoutLabel = "BuyBreakout";
public const string SellBreakoutLabel = "SellBreakout";
public const string BuyRetraceLabel = "BuyRetracement";
public const string SellRetraceLabel = "SellRetracement";
public static readonly string[] AllLables =
{
BuyBreakoutLabel,
SellBreakoutLabel,
BuyRetraceLabel,
SellRetraceLabel
};
}
}