I have had the Classic HMA Strategy Bot for some time. I have tried to backtest BUT..
Kindly can you add these features?
- The position opens when the price crosses above or below the HMA:
Why? when the price crosses more or less are the beginning trend or actual trending UNLESS the market is a RANGE mode (understandable).
IMPORTANT PART: The positions should open when the candlestick that crosses close. BUT also will great to have the option to manually add pips/points will be great. i.e open when the price crosses the distance/pips/points from the crossing.
For example, Sample breakout cBot on cTrader opens position by distance (price/pips distance) I think
- If possible add a "SHIFT" parameter: This will enable to shift Hull Moving Average to the desired position
The current version suppose to work
"The robot will take a long position if prices are rising and the HMA is trending upwards and it can take a short position if the prevailing trend is falling"
ISSUE: The trades do open VERY late
a) 1st 1HR candle closed, 2nd 1HR candle closed, 3rd 1HR candle closed no-trade opens. Then the bot opens a trade on 12 candles or so. trend almost finished or finishing which leads to the stop loss getting hit/reversal starts.
b) For an example of the above scenario late position open: cBot opened a SELL = stop loss hit while is still in the sell zone it just opens BUY position. Why open buy position while the price is still at Sell zone (consolidating/RANGE). i.e I do not see an uptrend yet
I believe if features/commands are added to open the position when the price has at least crossed we can say the TREND is about to start or have started.
This is why if an additional feature option to add pips/points is also added that will be even greater.
I have attached the photo: 4. opened SELL position there. 5. BUY position then another BUY position
All parameters are set the same on both Instances and the chart
Kindly consider the suggestion