Hello,
I would like to test a Short Gap Strategy.
Here I need help for two points:
a) I have choosen the 15 minute Chart and want to go short under the first candle low of the day with the gap down. So if the low of the first candle of the day in Dax Future is 18000, the Code should go short if the price is under 18000 – means 17999. And the order ist guilty for 10 bars. After the time there is no trade, because no short momentum.
b) Sometimes We see a sharp short move of over 1% and then there is a V-Formation in low and the course climbing strong long. Here I need a breakeven setup. If the course is 1% in profit set breakeven for the trade. Is this possible?
Thank you very much.
This is the code for your request a):
ONCE myTime = 090000
IF OpenTime = myTime THEN
EntryPrice = low - 1*PipSize
myBar = BarIndex
ENDIF
IF OnMarket THEN
myBar = 0
EntryPrice = 0
ENDIF
IF myBar AND ((BarIndex - myBar) = 10) THEN
myBar = 0
EntryPrice = 0
ENDIF
IF EntryPrice THEN
SELLSHORT 1 Contract at EntryPrice STOP
SET STOP pLOSS 50
SET TARGET pPROFIT 100
ENDIF
as to you request b), can you better explain it?
First of all – Thank you very much Roberto.
b) I want to have a breakeven if the trade ist 1% in profit. Means the trade started on 18000 and the course is now under 17.820. Then i want an stoploss which ist on 18000. (Perhaps in Addition: an Order which close 25% of the position on 17.820. would also be a nice add.)
I hope this is now a little bit easier to understand.
Thanks !
This version includes request b:
ONCE myTime = 090000
ONCE PerCent = 0.5
ONCE myBar = 0
ONCE EntryPrice = 0
IF OpenTime = myTime THEN
EntryPrice = low - 1*PipSize
myBar = BarIndex
ENDIF
IF OnMarket THEN
myBar = 0
IF close <= (EntryPrice - (EntryPrice * PerCent / 100)) THEN
SET STOP PRICE EntryPrice
ENDIF
ENDIF
IF myBar AND ((BarIndex - myBar) = 10) THEN
myBar = 0
ENDIF
IF myBar THEN
SELLSHORT 1 Contract at EntryPrice STOP
SET STOP pLOSS 150
SET TARGET pPROFIT 300
ENDIF
//graphonprice EntryPrice coloured("Red")
