Buy 2% from opening price

MA Cå · 2019-05-19T20:53:31+00:00

hi first post from sweden. im looking for a code to do the following: Buy stock when up 2,2% from openening price the same day and then has retracted down below a moving average of my choosing during a specefic timeframe say the first 60 min from market open. I have tryied coding it whotout succses, having problems whit getting the % up to work. Thanks for the help. br marcus, sweden.

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05/19/2019 at 9:53 PM #98855 quote

MA Cå
Participant

New

hi

first post from sweden.

im looking for a code to do the following:

Buy stock when up 2,2% from openening price the same day and then has retracted down below a moving average of my choosing during a specefic timeframe say the first 60 min from market open.

I have tryied coding it whotout succses, having problems whit getting the % up to work.

Thanks for the help.

br marcus, sweden.

05/21/2019 at 9:30 AM #98967 quote
Nicolas
Keymaster

Legend
You can try with the below code, the “trigger” variable is the one used to test the gap percent at the first opening hour. “endtime” is the time limit to test the price retraction below the moving average. There is no stop and limit in the code.
```
defparam cumulateorders=false

trigger = 0.5 //trigger in percent 

timeframe(daily)
percent = Variation(close)

timeframe(default)
endtime = 100000
MAperiod = 10

if day<>day[1] then 
todayvar = percent 
todaystart=barindex
endif 

MA = average[MAperiod](close)

if time<=endtime and todaystart<>start and todayvar>=trigger and close crosses under MA then  
start=todaystart
buy at market 
endif 

//graph time<=endtime and todaystart<>start and todayvar>=trigger
```
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