Easy Language Trading Wizardry

GPT-3.5

Write a PowerLanguage code compatible with EasyLanguage to implement a trading strategy using the [super trend with period 10 and multiplier 3] indicator. It enters trades based on the rule: [buy/sell when the super trend changes color]. Exiting the market is determined by a specified number of points and a stop loss. The strategy allows customizable input parameters, including: Target: [15] Stop Loss: [25] If the chosen indicator requires input parameters, they should be included as modifiable input parameters at the strategy's beginning. Provide clear comments throughout the code to explain its functioning and describe the modifiable input parameters.

```powerlanguage {Inputs} Inputs: Target(15), StopLoss(25); {Super Trend Indicator Function with period 10 and multiplier 3} Vars: ATRLength(10), ATRMultiplier(3), UpTrend(False), DownTrend(False); {Function to calculate the Super Trend} Function SuperTrend(c, length, multiplier) input: c(NumSeries), length(NumNumericSimple), multiplier(NumNumericSimple); vars: ATR(0), HL(0), Trend(0); ATR = Average(TrueRange(H), length); HL = (H + L) / 2; if CurrentBar = 1 then Trend = c; else if c > Trend then Trend = MinList(c, Trend + (ATR * multiplier)); else Trend = MaxList(c, Trend - (ATR * multiplier)); SuperTrend = Trend; end; {Strategy Logic} if CurrentBar > 1 then begin {Calculate Super Trend} UpTrend = Close > SuperTrend(Close, ATRLength, ATRMultiplier); DownTrend = Close < SuperTrend(Close, ATRLength, ATRMultiplier); {Entry and Exit Conditions} if marketposition = 0 then begin {Long Entry: Super Trend changes to Up} if UpTrend then Buy("Long Entry") next bar at Market; {Short Entry: Super Trend changes to Down} if DownTrend then SellShort("Short Entry") next bar at Market; end else begin {Exit Long: Target or Stop Loss} if marketposition = 1 then begin SetExitOnClose; Sell("Exit Long") next bar at EntryPrice + Target points limit; Sell("Stop Long") next bar at EntryPrice - StopLoss points stop; end; {Exit Short: Target or Stop Loss} if marketposition = -1 then begin SetExitOnClose; BuyToCover("Exit Short") next bar at EntryPrice - Target points limit; BuyToCover("Stop Short") next bar at EntryPrice + StopLoss points stop; end; end; end; ``` DONE.