Check out the latest video on Pyramiding.
Here is the finalized tutorial on building the pyramiding ES-day-trade system that was presented in the last post.
I will admit this video should be half as long as the end result. I get a bit long-winded. However, I think there are some good pointers that should save you some time when programming a similar system.
Here is the final code from the video:
What we learned here:
- can’t use entriesToday(date) to determine last entry price
- must use logic to not issue an order to execute on the first bar of the next day
- mp = marketPosition * currentContracts is powerful stuff!
In the next few days, I will publish the long side version of this code and also a more eloquent approach to the programming that will allow for future modifications and flexibility.
Let me know how it works out for you.
Take this code and add some filters to prevent trading every day or a filter to only allow long entries!