A function that buy when price goes down x % and the up x %

simon_json · 2016-08-30T09:49:01+00:00

Hi, I wish to code a function that buy when price goes down x % from the top (highest that day), and then up x % from the bottom (lowest that day) during the same day. But I can’t 🙂 So if price goes down 0,5% it should not buy direct, but wait for a 0,1% rise from the bottom that day. The wait for a rise is just a try to protect from further downs – say price falls 0,5% but then continue to 0,9%. Can I use DHigh(0)? If close DLow(0) + x then buy at market endif Endif I will also probably use a time filter and maybe another price filter to determinate trend, but thats another story 🙂 Thanks! All the best! Simon

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08/30/2016 at 10:49 AM #12458 quote

simon_json
Participant

Average

Hi,

I wish to code a function that buy when price goes down x % from the top (highest that day), and then up x % from the bottom (lowest that day) during the same day. But I can’t 🙂
So if price goes down 0,5% it should not buy direct, but wait for a 0,1% rise from the bottom that day.
The wait for a rise is just a try to protect from further downs – say price falls 0,5% but then continue to 0,9%.
Can I use DHigh(0)?
If close < DHigh(0) – x then… ?
if close > DLow(0) + x then
buy at market
endif
Endif
I will also probably use a time filter and maybe another price filter to determinate trend, but thats another story 🙂
Thanks!
All the best!
Simon

08/30/2016 at 3:01 PM #12464 quote

Nicolas
Keymaster

Legend

Hi Simon, you should have a look at this screener: http://www.prorealcode.com/prorealtime-market-screeners/fibonacci-61-8-retracement/

Its code should help you how to determine retracement percentage from recent highest high and lowest low.

08/30/2016 at 8:34 PM #12502 quote
simon_json
Participant

Average
Thanks Nicolas! I tried this:
```
DEFPARAM CumulateOrders=false

if intradaybarindex = 0 then
openbuy=0
endif

Starttime = time >090000 and time <140000

Down = close < DHigh(0)*0.986
//0.995
// optimize mini 0.985 max 0.995 step 0.001

Up = close > DLow(0)*1.005

//1.001
// optimize mini 1.001 max 1.01 step 0.001

If starttime and down then
if up and openbuy=0 then
buy at market
openbuy = openbuy+1
endif
endif

If time >170000 then
sell at market
endif
```
I wish to run it on 5-min. TF. Probably on DAX.
Dose it make sense?

Is DHigh(0) and DLow(0) calculated from 00:00 on a new day? Can I make it so it is calculated from 09.00 when market opens?

All the best!
Simon
08/30/2016 at 9:39 PM #12504 quote

Nicolas
Keymaster

Legend

The daily OHLC are always calculated from the very first intraday bar.
Of course you can calculate yourself a customized OHLC from a different start hour.
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A function that buy when price goes down x % and the up x %

ProOrder: Automated Strategies & Backtesting

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This topic contains 3 replies,
has 2 voices, and was last updated by Nicolas
10 years, 2 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	08/30/2016
Status:	Active
Attachments:	No files