Basic breakout

Tom C · 2016-08-15T08:49:17+00:00

Hi can anyone help me with some basic coding? Need to enter long at 0800 when price moves above high of last 3 hours or short position if price goes below last 3 hours. Mid there anyway to increase your pip size automatically when your account reaches certain amounts? Many Thanks TC

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08/15/2016 at 9:49 AM #11716 quote

Tom C
Participant

New

Hi can anyone help me with some basic coding?

Need to enter long at 0800 when price moves above high of last 3 hours or short position if price goes below last 3 hours.

Mid there anyway to increase your pip size automatically when your account reaches certain amounts?

Many Thanks

TC

08/20/2016 at 2:08 PM #11941 quote
robertogozzi
Moderator

Legend
This should work:
```
//                           example for H1 timeframe
//
MaxPrice = highest[3](high)                                //180 on a 1-minute timeframe (60 x 3)
MinPrice = lowest[3](low)                                    //180 on a 1-minute timeframe (60 x 3)
IF (TIME = 080000) AND (close > MaxPrice) THEN
BUY 1 CONTRACT AT MARKET
ENDIF
IF (TIME = 080000) AND (close < MaxPrice) THEN
SELLSHORT  AT MARKET
ENDIF
```
08/20/2016 at 4:30 PM #11963 quote

Tom C
Participant

New

Thanks Roberto,

01/27/2017 at 1:56 PM #22748 quote

ozcabman
Participant

New

Hello,

Today was my first day trying to understand the prt platform for back testing and auto trading….I’ve never coded anything before so please be gentle.

In regards to the above breakout is it possible to set orders one or two pips above the high? From what I have read so far I can only see orders placed AT a above the high price.

I hope that makes sense.

Many thanks for any help.

01/28/2017 at 2:21 PM #22841 quote
Nicolas
Keymaster

Legend
MaxPrice and MinPrice variables in the example above are already made of recent highest/lowest price. If you want to add/subtract points to their values, you can add them as follows:
```
MaxPrice = highest[3](high)  + 2*pointisze                      
MinPrice = lowest[3](low) -2*pointsize                                  
```
Hope it helps.

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