Comments on: Petra on Programming: Short-Term Candle Patterns

By: Jürgen Kral

Jürgen Kral — Sat, 20 Jul 2024 15:01:29 +0000

Price Action with new elements. But sure – mainly old concept and now a new name.

Thanks for info!

By: Petra Volkova

Petra Volkova — Thu, 18 Jul 2024 15:59:23 +0000

Ah, ok. From what I found on the Internet, “Smart Money Concept” seems to be a new euphemism of “Price Action”. They never stop inventing fancy names. Sure, you can automatize that and combine it with patterns. If you can get any profit from that is of course an entirely different question.

By: Jürgen Kral

Jürgen Kral — Wed, 17 Jul 2024 16:07:00 +0000

SMC = Smart Money Concept. I use a very simple but effective method in scalping. If I could automate this, that would be great.

By: Petra Volkova

Petra Volkova — Tue, 16 Jul 2024 09:41:18 +0000

This is a relatively old article, but what are SMC elements?

By: Jürgen

Jürgen — Sun, 14 Jul 2024 07:07:16 +0000

Thank you, Petra, for this valuable infos. My question is can I use and combine SMC elements or logics with this candle patterns in Zorro too?

By: LeoPeru

LeoPeru — Wed, 28 Apr 2021 16:11:18 +0000

Hi everyone! I’m new here.

Thanks, Petra, for sharing your work!
It’s mind-blowing and helpful for a beginner like me.

Hands down!

Looking forward to learning more from your posts.

By: Hannes

Hannes — Tue, 13 Apr 2021 21:14:41 +0000

Thank you very much for this great investigative analysis! 🙂

By: Petra Volkova

Petra Volkova — Wed, 17 Feb 2021 12:22:01 +0000

I cannot tell why your script produces strange results because I don’t get these results. Maybe you forgot to initialize some variable, so it is not reset between assets. If in doubt, just use my script from the repository.

By: Diabolus

Diabolus — Wed, 17 Feb 2021 03:28:32 +0000

That is what I thought, until I saw huge inconsistencies between running backtests in asset loops and individually.. the documentation on this is scarce, and I couldn’t find explicitly why. If you can, I’d like you to run similar tests and help me verify if this is consistent with your findings as well. I assume all assets are sharing the same “Capital”/”Margin” variables, although I later realized this is probably being “ignored” as you are setting the lots by using a local variable (Investment)

On a side note, specifically for this code, I can’t seem to replicate your results. In fact, every run keeps returning different results (3 consecutive runs without modifying the code, just hitting “Test”):
Test 1:

AAPL avg .276 0.89 1249/1395 34.7
AMZN avg .025 0.92 1317/1362 24.9
GE avg .364 1.00 1260/1393 1.2
IWM avg .330 1.03 1363/1384 -6.6
QQQ avg .213 0.97 1313/1360 6.5
SPY avg .286 1.02 1338/1349 -3.0
TSLA avg .142 0.92 1194/1275 45.3
WMT avg .236 1.02 1331/1301 -3.1

Day1 avg .288 0.95 2059/2185 16.2
Day2 avg .200 0.89 1990/2175 42.3
Day3 avg .302 0.96 2142/2167 18.6
Day4 avg .370 1.03 2105/2148 -15.7
Day5 avg .244 0.93 2069/2144 38.6

Test 2:

AAPL avg .334 0.96 1323/1383 9.3
AMZN avg .032 1.18 1404/1271 -44.3
GE avg .251 0.91 1258/1393 24.6
IWM avg .220 1.02 1267/1278 -3.8
QQQ avg .216 0.94 1275/1382 9.3
SPY avg .169 0.98 1310/1301 2.5
TSLA avg .087 0.79 1201/1333 109.1
WMT avg .500 1.05 1326/1298 -6.8

Day1 avg .307 0.94 2082/2108 15.6
Day2 avg .344 0.95 2107/2118 15.6
Day3 avg .137 0.93 1982/2167 27.8
Day4 avg .311 0.99 2098/2098 5.2
Day5 avg .259 0.93 2095/2148 35.9

Test 3:

AAPL avg .100 0.87 1252/1386 36.8
AMZN avg .018 0.95 1404/1390 14.8
GE avg .172 0.92 1319/1368 22.4
IWM avg .176 0.93 1291/1299 13.2
QQQ avg .258 0.95 1254/1330 8.1
SPY avg .283 1.04 1288/1353 -4.9
TSLA avg .071 0.98 1216/1244 7.6
WMT avg .320 0.99 1221/1289 2.0

Day1 avg .186 0.98 2110/2115 4.4
Day2 avg .209 0.95 2051/2107 16.2
Day3 avg .305 0.98 2038/2084 6.2
Day4 avg .144 0.91 1999/2147 40.7
Day5 avg .206 0.94 2047/2206 32.4

By: Petra Volkova

Petra Volkova — Mon, 15 Feb 2021 17:37:48 +0000

Hmm, asset loops are simply used for running the same code with many assets. They dont interfere with entry possibilities, whatever thats supposed to mean.