Using ProBackTest with IT Charts

This is a discussion on Using ProBackTest with IT Charts within the Trading Software forums, part of the Commercial category; Hi, I am learning to trade with IG Index and I have stumbled across their ProBackTest module which could be ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Mar 7, 2008, 1:18pm   #1
Joined Feb 2007
Using ProBackTest with IT Charts

Hi,

I am learning to trade with IG Index and I have stumbled across their ProBackTest module which could be useful.

Does anyone know how to create conditions for entering a trade that rely on multiple timeframes?

Eg. Only go long if price is above:
- the 5 min 50 period moving average
AND
- the 30 min 50 period moving average

Without this kind of timeframe filter, I can't accurately test out ideas.

Many thanks.

PS: I could put a 300 period moving average on the 5 min chart to mimic the 30 min 50 period MA, but I understand that it is not the same thing?
rags2riches is offline   Reply With Quote
Old May 15, 2008, 1:20pm   #2
 
Owenda's Avatar
 
5 Posts
Joined May 2008
im also wanting to understand how to trigger trades based on different time frames. Have tried using the various time functions with a loop to no avail. Cant seem to find a decent explanation on how to use the various functions.
Owenda is offline   Reply With Quote
Old May 21, 2008, 3:26pm   #3
Joined Aug 2007
300sma on a 5 mins would be the same as 50sma on the 30
50 periods of 30 mins (50x30)= 1500 /5 = 300 sma
if you want to make sure then... 300 periods of 5 mins (300x5)= 1500 which is = to (50x30)
cube101 is offline   Reply With Quote
Old Jan 27, 2010, 3:20am   #4
 
1 Posts
Joined Jan 2010
Re: Using ProBackTest with IT Charts

have the same problem here, how to use different time frames to make rules?
sure822 is offline   Reply With Quote
Old Mar 3, 2011, 7:35pm   #5
 
1 Posts
Joined Jul 2010
Re: Using ProBackTest with IT Charts

You can use different time frames in Proscreener but you cant Back test your system using different time frames in Probacktest, annoying I know

Proscreener Code would be something like this

TIMEFRAME (5 mn)
Price5min = CLOSE
x5minMA50 = ExponentialAverage[50](CLOSE)

c1 = (Price5min > x5minMA50)

TIMEFRAME (30 mn)
Price30min = CLOSE
x30minMA50 = ExponentialAverage[50](CLOSE)

c2 = (Price30min > x30minMA50)

SCREENER[c1 AND c2]
jon827 is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Probacktest shortorlong Trading Systems 14 Jan 11, 2012 4:43pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)