Theory Explained: https://www.youtube.com/watch?v=9bEBWaU8CdU&feature=youtu.be

Show us more tutorials! :)

FYI

Moving Average Envelopes are percentage-based envelopes set above and below a moving average. The moving average, which forms the base for this indicator, can be a simple or exponential moving average. Each envelope is then set the same percentage above or below the moving average. This creates parallel bands that follow price action.

Technically, you are correct Vladimir. I changed the name to avoid confusion. Thank you.

Another thing I see glancing back at this is that if you're entering below the VWAP at a percentage threshold, it should be the price you purchased the stock at multiplied by the max loss. Also, if you're already below the discount threshold, there's no reason to buy at a higher price. Technically:

for s in context.security_listF:  
       if s not in context.portfolio.positions and data.can_trade(s) and s not in get_open_orders():  
             cp = data.current(s,'price')  
             if cp < (vwap(data,context,s) * VWAP_DISC):  
                 # price at current price if less than vwap entry point  
                 tc(lp,[s,context.pctx, cp,False],[s.symbol + ' => Market Long','Error'])  
                 context.trail[s] =  cp * MAX_LOSS  
                 tc(so,[s,0,context.trail[s],False],['Stop Price set','Error'])  
             else:  
                 tc(lp,[s,context.pctx, vwap(data,context,s) * VWAP_DISC ,False],[s.symbol + ' => Market Long','Error'])  
                 context.trail[s] =  vwap(data,context,s) * VWAP_DISC * MAX_LOSS  
                 tc(so,[s,0,context.trail[s],False],['Stop Price set','Error'])  

This increases the percentage gain, as you're obviously avoiding situations where you're buying higher at a lower price, which is probably a good idea if you're going long. #duhhh

Thank you so much for sharing! I watched the video and it was a lot of help. How did you learn to code like this and could this strategy be applied to more specific stocks?

it don't work at all, never places any trades

Posted algo is broken. Please update it.

Can remove all instances of the optional argument IBExchange.SMART to fix.

Thanks for explaining how to fix it.

Anyone got a current working version of this algo? Thx.