Buy Alert in Strategy Monitor not showing on chart

Author: reman3

Creation Date: 5/5/2011 12:18 AM

Wealth Lab » Wealth-Lab Developer/Pro » Buy Alert in Strategy Monitor not showing on chart

reman3

5/5/2011 12:18 AM

I recently started with wealthlab and have been playing with some simple strategies. I'm currently working on a rules-based strategy that for some reason keeps giving me false buy signals. I'm monitoring the strategy real-time using 15 minute bars on a data set that is using a data range of 500 bars. The strategy monitor does run as expected but I'm continually getting false buy signals on stocks. When I pull up the chart, there's no buy signal showing up in the chart. So I have no idea why the strategy monitor is outputing the buy signal. I have the monitor set to auto-stage so that I can see each buy signal. I need some help. I'm running version 6.1.27.0 on an XP machine. Below is the rules and code. Thanks for any help you can offer, this is driving me nuts!

These are the rules I'm using:

Buy at market
-indicator is above indicator
-price makes a new high within period
-stochastic %D is oversold
-volume is > X% above SMA
-price is higher than it was a number of bars ago
Sell at percent based trailing stop

Here's the code generated:

CODE:
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Size:

Color:

I recently started with wealthlab and have been playing with some simple strategies.  I'm currently working on a rules-based strategy that for some reason keeps giving me false buy signals.  I'm monitoring the strategy real-time using 15 minute bars on a data set that is using a data range of 500 bars.  The strategy monitor does run as expected but I'm continually getting false buy signals on stocks.  When I pull up the chart, there's no buy signal showing up in the chart.  So I have no idea why the strategy monitor is outputing the buy signal.  I have the monitor set to auto-stage so that I can see each buy signal.  I need some help. I'm running version 6.1.27.0 on an XP machine.  Below is the rules and code.  Thanks for any help you can offer, this is driving me nuts!

These are the rules I'm using:

Buy at market
-indicator is above indicator
-price makes a new high within period
-stochastic %D is oversold
-volume is > X% above SMA
-price is higher than it was a number of bars ago
Sell at percent based trailing stop

Here's the code generated:

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

namespace WealthLab.Strategies
{
	public class MyStrategy : WealthScript
	{
		
		protected override void Execute()
		{
			DataSeries stochd = StochD.Series(Bars, 250, 40);
			      DataSeries SMAVolumeGreater = SMA.Series(Volume,50);
			      SMAVolumeGreater.Description = "SMA(#Volume, "+50.ToString()+")";
			      DataSeries SMAVolumeGreaterPct = SMAVolumeGreater * (1 + 20.00/100d);
			      SMAVolumeGreaterPct.Description = "SMA(#Volume, "+50.ToString()+")+" + 20.00.ToString() +"%";

ChartPane pane1 = CreatePane(75,true,true);
			PlotSeries(pane1,StochD.Series(Bars,150,20),Color.OliveDrab,LineStyle.Solid,2);
			PlotSeries(pane1,StochD.Series(Bars,250,40),Color.OliveDrab,LineStyle.Solid,2);
			ChartPane paneStoch = CreatePane(75,true,true);
			PlotSeries(paneStoch, stochd, Color.Black, LineStyle.Dotted, 2);
			DrawHorzLine(paneStoch, 65.00, Color.Green, LineStyle.Solid, 1);
			      PlotSeries(VolumePane, SMAVolumeGreater, Color.Red, LineStyle.Solid, 2 );
			      PlotSeries(VolumePane, SMAVolumeGreaterPct, Color.Red, LineStyle.Dotted, 2 );
			PlotStops();

for(int bar = GetTradingLoopStartBar(251); bar < Bars.Count; bar++)
			{
					if (StochD.Series(Bars,150,20)[bar] > StochD.Series(Bars,250,40)[bar])
					{
						if (Close[bar] == Highest.Value(bar, Close, 50))
						{
							if (stochd[bar] < 65.00)
							{
								      if( Volume[bar]> SMAVolumeGreaterPct[bar])
								{
									if (Close[bar] > Close[bar - 1])
									{
										BuyAtMarket(bar + 1, "Group1|");
									}
								}
							}
						}
					}
				
				for(int _pos = ActivePositions.Count - 1; _pos >= 0; _pos--)
				{
					Position p = ActivePositions[_pos];
					if (p.Active)
						{
					if (p.EntrySignal.Contains("Group1|"))
					{
						double high = p.MFEAsOfBar(bar) / p.Shares + p.EntryPrice;
						double amount = high - high * (15.00 / 100.0d);
						SellAtTrailingStop(bar + 1, p, amount, "Group1");
					}

}
				}
			}
		}
	}
}[/CODE]

Eugene

5/5/2011 1:15 AM

Make sure the position sizing and data loading range settings are completely identical between your strategy in Strategy Monitor and the opened chart window (that uses default settings).

For instance, if it's set to load less than 250 bars, you won't see any signal from this system.