Breakout after 5 candles

• 07/23/2025 at 5:10 PM #249069
  f1_maik

  Hello again after a long time.

  I found this old code here. See above.

  I wanted to ask how I can set the stop below the outside candle and the take profit to the next higher high?

  Can anyone help please?

   

  

  f1_maik

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  08/01/2025 at 5:18 PM #249252
  robertogozzi

  There you go:

  ONCE Tally = 0 OTD = (Barindex - TradeIndex(1) > IntradayBarIndex) OutSideBAR = (high > high[1]) AND (low < low[1]) IF OutSideBAR AND Not OnMarket THEN Tally = 1 Entry = high + 5 * PipSize //Entry price = HIGH + 5 pips SL = low - 1*PipSize TP = high + 1*PipSize ENDIF IF Tally > 5 OR OnMarket OR (StrategyProfit <> StrategyProfit[1]) THEN Tally = 0 ELSIF Tally[1] > 0 THEN Tally = Tally + 1 ENDIF MaxShares = abs(COUNTOFPOSITION) <= 1 IF Tally AND Not LongOnMarket AND MaxShares AND OTD THEN BUY 1 CONTRACT AT Entry STOP SET STOP PRICE SL SET TARGET PRICE TP ENDIF //graph Tally

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  ONCE Tally = 0 OTD = (Barindex - TradeIndex(1) > IntradayBarIndex) OutSideBAR = (high > high[1]) AND (low < low[1]) IF OutSideBAR AND Not OnMarket THEN    Tally = 1    Entry = high + 5 * PipSize //Entry price = HIGH + 5 pips    SL    = low  - 1*PipSize    TP    = high + 1*PipSize ENDIF   IF Tally > 5 OR OnMarket OR (StrategyProfit <> StrategyProfit[1]) THEN    Tally = 0 ELSIF Tally[1] > 0 THEN    Tally = Tally + 1 ENDIF MaxShares = abs(COUNTOFPOSITION) <= 1 IF Tally AND Not LongOnMarket AND MaxShares AND OTD THEN    BUY 1 CONTRACT AT Entry STOP    SET STOP   PRICE SL    SET TARGET PRICE TP ENDIF   //graph Tally

   

   

  

  robertogozzi

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