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Breakout after 5 candles

f1_maik · 2022-11-13T13:42:48+00:00

Dear ones. I need your help again. I’m sorry, but that’s the way it is. Please. Maybe one or the other can shake it from the sleeve. We have for the sake of simplicity an Outside. Now I would like to set the buy stop 5 points above the high of the candles. But the buy stop should only be executed within 5 candles (n -candles). This kind of stops after trigger candles can be found in the strategies of e.g. the Hikkake here https://www.prorealcode.com/prorealtime-indicators/hikkake-pattern/. Please, do anyone help?

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Breakout after 5 candles

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07/23/2025 at 5:10 PM #249069 quote

f1_maik

Participant

Junior

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?

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

robertogozzi

Moderator

Legend

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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Breakout after 5 candles

ProOrder: Automated Strategies & Backtesting

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f1_maik @f1_maik Participant

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This topic contains 16 replies,
has 5 voices, and was last updated by robertogozzi
1 year, 1 month ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	11/13/2022
Status:	Active
Attachments:	1 files

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Breakout after 5 candles

Stuck on this ProBuilder code?

Breakout after 5 candles ProOrder: Automated Strategies & Backtesting

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Breakout after 5 candles

ProOrder: Automated Strategies & Backtesting