Breakout next 5 Bars

• 01/15/2023 at 2:33 PM #207461
  killerplatuze

  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]

  

  killerplatuze

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

  Hi @killerplatuze

  Try this one…

  PopGun System

  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

  1 2 3 4 5 6 7 8 9 10 11 12 13

  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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  killerplatuze

  

  JS

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  01/15/2023 at 6:52 PM #207473
  killerplatuze

  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

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  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

   

   

  

  killerplatuze

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  01/15/2023 at 8:03 PM #207476
  JS

  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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  killerplatuze

  

  JS

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

  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.

   

  

  killerplatuze

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

  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…

  

  JS

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  01/15/2023 at 9:13 PM #207481
  JS

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

  Buy 1 contract at High[5] STOP

  These orders are executed immediately…

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  killerplatuze

  

  JS

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

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

  

  killerplatuze

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

  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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  JS

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

  I think you can reduce the code to this…

  PopGun v2

  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

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  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

  

  JS

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  01/15/2023 at 11:16 PM #207487
  JS

  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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  JS

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

  Something is wrong, the trade starts much too late

  

  killerplatuze

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

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

  (The last code only looks at the PopGun)

  

  JS

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

  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

  1 2 3 4 5 6 7 8 9 10 11 12 13

  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.

  

  killerplatuze

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  01/16/2023 at 6:51 PM #207516
  JS

  Hi,

  You can try this one…

  The problem is that your PopGun in its current form does not indicate a direction (Long or Short)…

  PopGun v3

  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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  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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  killerplatuze

  

  JS

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