Using calendar date conditions as setup rather than buy signal

Author: mikesblack

Creation Date: 4/8/2015 4:47 PM

Wealth Lab » WealthScript (.NET) » Using calendar date conditions as setup rather than buy signal

mikesblack

4/8/2015 4:47 PM

Hi,
I included the code for a basic trading system that enters the market when it's the last trading day of the month and the days are either Monday or Tuesday. The sell signals are reversed with the last trading day of the month and days are either Thursday or Friday.

What I would like to do is use these buy conditions as a set up rather than as buy signals, adding buy conditions after these calendar conditions are met.

Can you suggest a way I can do this?

Thank you,
Mike

CODE:
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Eugene

4/8/2015 5:04 PM

Hi,

Here's how:

WealthScript Techniques | Setups, Triggers, Delays, and Timeouts

Eugene

4/8/2015 5:15 PM

Here's example demonstrating your conditions with a couple of dummy trading rules:

CODE:
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Here's example demonstrating your conditions with a couple of dummy trading rules:

[code]using System;
using System.Collections.Generic;
using System.Text;
using System.Drawing;
using WealthLab;
using WealthLab.Indicators;
using WealthLab.Rules;

namespace WealthLab.Strategies
{
	public class SetupDemo : WealthScript
	{
		protected override void Execute()
		{
			// Example of a setup with a 3-bar timeout
			int BuySetupTimeout = 5, SellSetupTimeout = 5;
			int BuySetupBar = 0, SellSetupBar = 0;
			bool BuySetupValid = false, SellSetupValid = false;

for(int bar = 20; bar < Bars.Count; bar++)
			{
				if (IsLastPositionActive)
				{
					Position p = LastPosition;
					
					if( !SellSetupValid )
					{
						bool condSell = (Date[bar].DayOfWeek == DayOfWeek.Thursday ||
							Date[bar].DayOfWeek == DayOfWeek.Friday) &&
							DateRules.IsLastTradingDayOfMonth(Bars.Date[bar]);

if( condSell )
						{
							SellSetupValid = true;
							SellSetupBar = bar;
							SetBackgroundColor( bar, Color.FromArgb( 30, Color.Cyan ) );
						}
					}

if( SellSetupValid )
					{
						if( SellAtLimit( bar+1, p, p.EntryPrice * 1.05 ) )
						{
							SellSetupValid = false;
						}
						else
						{
							SellSetupValid = bar + 1 - SellSetupBar < SellSetupTimeout;
							if(!SellSetupValid)
								SetBackgroundColor( bar, Color.FromArgb( 30, Color.Magenta ) );
						}
					}
				}
				else
				{
					if( !BuySetupValid )
					{
						bool condBuy = (Date[bar].DayOfWeek == DayOfWeek.Monday ||
										Date[bar].DayOfWeek == DayOfWeek.Tuesday) &&
									DateRules.IsLastTradingDayOfMonth(Bars.Date[bar]);

if( condBuy )
						{
							BuySetupValid = true;
							BuySetupBar = bar;
							SetBackgroundColor( bar, Color.FromArgb( 30, Color.Green ) );
						}
					}

if( BuySetupValid )
					{
						if( BuyAtLimit( bar + 1, Close[BuySetupBar] * 0.97 ) != null )
							BuySetupValid = false;
						else
						{
							BuySetupValid = bar + 1 - BuySetupBar < BuySetupTimeout;
							if(!BuySetupValid)
								SetBackgroundColor( bar, Color.FromArgb( 30, Color.Red ) );
						}
					}
				}
			}
		}
	}
}[/code]