Breakout next 5 Bars

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01/15/2023 at 2:33 PM #207461 quote

killerplatuze
Participant

New

Hi,

if i have a popgun i wanna go short if one of the next 5 bars is lower than the last bar of the popgun is, the opposite for long. SL under the last bar of the popgung -5 points, long the opposite.

I this dont happend the order should be cancel.

How can i code this?

PG = High[2]>High[1] and Low[2]<Low[1] and High>High[1] and Low<Low[1]

01/15/2023 at 5:24 PM #207468 quote
JS
Participant

Senior
Hi @killerplatuze

Try this one…
```
DefParam CumulateOrders=False

//PopGun
If High[7]>High[6] and Low[7]<Low[6] and High[5]>High[6] and Low[5]<Low[6] then
If Low[4]<Low[5] or Low[3]<Low[5] or Low[2]<Low[5] or Low[1]<Low[5] or Low<Low[5] then
SellShort 1 contract at Market
Set Stop Price Low[5]+5
EndIf
If High[4]>High[5] or High[3]>High[5] or High[2]>High[5] or High[1]>High[5] or High>High[5] then
Buy 1 contract at Market
Set Stop Price High[5]-5
EndIf
EndIf
```
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Schermafbeelding-2023-01-15-om-17.18.53.png
01/15/2023 at 6:52 PM #207473 quote
killerplatuze
Participant

New
This doesn’t work. The first 3 bars are the Popgun, if the conditions are true. The 3th bar is the the triggerbar, the next 5 bars are the bars which can break out.

But it works with OR.

But i have a problem with TP and SL. The SL should be 5 points below the triggerbar if long.

The TP should be one ATR of the triggerbar.

So i need help again with TP and SL, thx a lot.
```
DefParam CumulateOrders=False

PG = High[2]>High[1] and Low[2]<Low[1] and High>High[1] and Low<Low[1]
TP = AverageTrueRange[1]

//PopGun
If PG then
If High[3] OR High[4] OR High[5] OR High[6] OR High[7] then
 Buy 1 contract at Market
Set Stop Price Low[2]-5
Set Target Profit TP
EndIf
Endif
```
PG.jpg
01/15/2023 at 8:03 PM #207476 quote

JS
Participant

Senior

You have 3 bars for the PopGun and 5 bars for the breakout, a total of 8 bars…

From right to left B[0] B[1] B[2] B[3] B[4] B[5] B[6] and B[7] (total 8 bars)

“If High[3] or High[4]” and so on is not a valid condition because they are all true…

There is a High[3] (true) or there is a High[4] (true) and so on…

The conditions in the code match your story…

You can put the Stop wherever you want but your trigger bar is B[5] and not B[2]

If you want to use the ATR for your TP, this ATR will have to be calculated over a certain (lookback) period…

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01/15/2023 at 8:45 PM #207477 quote

killerplatuze
Participant

New

Thx, i have seen my mistake. But if i use your code the result is wrong, as you can see it at the attached picture The buy for the first PG is on Bar too late, the buy for the second bar ist 2 bars too late.
PG2.jpg

01/15/2023 at 9:03 PM #207479 quote
JS
Participant

Senior
Unfortunately it doesn’t work that way, the order is…
1. B[5] is the trigger bar
2. B[4] is the breakout bar, here is the condition true and then the next bar…
3. Buy when B[3] opens…
This is the order in which PRT processes the market orders…
01/15/2023 at 9:13 PM #207481 quote

JS
Participant

Senior

Alternatively, you can use Stop orders instead of market orders…

Buy 1 contract at High[5] STOP

These orders are executed immediately…

killerplatuze thanked this post

01/15/2023 at 9:41 PM #207482 quote

killerplatuze
Participant

New

This Order must be canceled if no bar gets a trigger, how can in do this?

01/15/2023 at 10:06 PM #207483 quote

JS
Participant

Senior

These STOP orders are “pending” orders and they start at the beginning of the new bar and are valid until the end of that bar…

So, when the condition (PopGun) is true then these pending orders are started /placed and when not hit in the next five bars (under a certain conditions) then this “pending STOP order” will not be placed afterwards …

So, you don’t have to cancel anything…

For example:

PopGun is true  extra condition is true  place the pending stop orders  pending stop order is hit  extra condition is no longer true  no more placement of the pending STOP orders…

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01/15/2023 at 10:49 PM #207485 quote
JS
Participant

Senior
I think you can reduce the code to this…
```
DefParam CumulateOrders=False

//PopGun
If High[7]>High[6] and Low[7]<Low[6] and High[5]>High[6] and Low[5]<Low[6] then
Buy 1 contract at High[5] STOP
SellShort 1 contract at Low[5] STOP
Set Stop Price Low[5]+5
Set Stop Price High[5]-5
EndIf
```
Schermafbeelding-2023-01-15-om-22.49.21.png
01/15/2023 at 11:16 PM #207487 quote

JS
Participant

Senior

I think you’ve found a nice pattern…

Excellent Risk/Reward ratio

Excellent Profit/Loss ratio

%profit trades is bad but that’s because there are a lot of small losses that are offset by relatively large profits…

This can probably be improved…

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01/16/2023 at 8:33 AM #207490 quote

killerplatuze
Participant

New

Something is wrong, the trade starts much too late
PG3.jpg

01/16/2023 at 9:13 AM #207495 quote

JS
Participant

Senior

You must go back to the first code and replace the market orders with STOP orders…

(The last code only looks at the PopGun)

01/16/2023 at 9:30 AM #207502 quote
killerplatuze
Participant

New
```
DefParam CumulateOrders=False
 
//PopGun
If High[7]>High[6] and Low[7]<Low[6] and High[5]>High[6] and Low[5]<Low[6] then
If Low[4]<Low[5] or Low[3]<Low[5] or Low[2]<Low[5] or Low[1]<Low[5] or Low<Low[5] then
sellShort 1 contract at Low[5] STOP
Set Stop Price Low[5]+5
EndIf
If High[4]>High[5] or High[3]>High[5] or High[2]>High[5] or High[1]>High[5] or High>High[5] then
Buy 1 contract at High[5] STOP
Set Stop Price High[5]-5
EndIf
EndIf
```
This is the code, same result. Trade starts much too late. Its crazy.
01/16/2023 at 6:51 PM #207516 quote
JS
Participant

Senior
Hi,

You can try this one…

The problem is that your PopGun in its current form does not indicate a direction (Long or Short)…
```
DefParam CumulateOrders=False
//PopGun
If High[2]>High[1] and Low[2]<Low[1] and High>High[1] and Low<Low[1] then
Buy 1 contract at High STOP
Set Stop Price High-50
SellShort 1 contract at Low STOP
Set Stop Price Low+50
EndIf
```
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