: Forum oil-10min-hammernegated-pattern-strategy

07/13/2017 at 8:18 PM #40586

Carras

//TRAILING STOP
TGL =18
TGS= 24
if not onmarket then
MAXPRICE = 0
MINPRICE = close
PRICEEXIT = 0
ENDIF
if longonmarket then
MAXPRICE = MAX(MAXPRICE,close)
if MAXPRICE-tradeprice(1)>=TGL*pointsize then
PRICEEXIT = MAXPRICE-TGL*pointsize
ENDIF
ENDIF
if shortonmarket then
MINPRICE = MIN(MINPRICE,close)
if tradeprice(1)-MINPRICE>=TGS*pointsize then
PRICEEXIT = MINPRICE+TGS*pointsize
ENDIF
ENDIF
if onmarket and PRICEEXIT>0 then
EXITSHORT AT PRICEEXIT STOP
SELL AT PRICEEXIT STOP
ENDIF

//TRAILING STOP

TGL =18

TGS= 24

if not onmarket then

MAXPRICE = 0

MINPRICE = close

PRICEEXIT = 0

ENDIF

if longonmarket then

MAXPRICE = MAX(MAXPRICE,close)

if MAXPRICE-tradeprice(1)>=TGL*pointsize then

PRICEEXIT = MAXPRICE-TGL*pointsize

ENDIF

if shortonmarket then

MINPRICE = MIN(MINPRICE,close)

if tradeprice(1)-MINPRICE>=TGS*pointsize then

PRICEEXIT = MINPRICE+TGS*pointsize

ENDIF

if onmarket and PRICEEXIT>0 then

EXITSHORT AT PRICEEXIT STOP

SELL AT PRICEEXIT STOP

ENDIF

Being new to coding, Am I correct in thinking that there is no stop if the price moves immediately against any new trade position? (either long or short).

Also i’d be interested in hear how you decided on TGL = 18 and TGS = 24 ?

Many thanks

Carras

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