Buy at the high of the previous candle

Hiraokii · 2018-10-25T14:00:01+00:00

hi guys, I am a beginner even reading the documentation I have some doubts, i want to create a pending order as soon as the price broke the previous high line and the stop at the previous low. I don’t know why but it’s not doing what I want, it’s buying but not where I want. If not longonmarket then If close >= high[1] then Buy 1 lot at high[1] stop If longonmarket and close <= low[1] then Sell at market Set target profit range[1] Endif Endif Endif

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10/25/2018 at 3:00 PM #83529 quote
Hiraokii
Participant

Junior
hi guys, I am a beginner even reading the documentation I have some doubts,

i want to create a pending order as soon as the price broke the previous high line and the stop at the previous low. I don’t know why but it’s not doing what I want, it’s buying but not where I want.
```
If not longonmarket then
If close >= high[1] then
Buy 1 lot at high[1] stop

If longonmarket and close <= low[1] then 
Sell at market
Set target profit range[1]
Endif
Endif
Endif
```
10/25/2018 at 3:14 PM #83530 quote
Vonasi
Moderator

Master
It should be a LIMIT order and not a STOP order plus some of your other code is incorrect. Try this?
```
If not longonmarket and close >= high[1] then
Buy 1 lot at high[1] limit
Set target profit range[1]
endif
 
If longonmarket and close <= low[1] then 
Sell at market
Endif
```
10/25/2018 at 4:04 PM #83532 quote

Hiraokii
Participant

Junior

Thanks brother, not abusing but… the method to do the oposit and sell.
Let’s say that I am sellshort, the sell at market will not stop the operation right? Should I buy at market instead?

10/25/2018 at 4:21 PM #83536 quote

Vonasi
Moderator

Master

If you SELLSHORT then to exit the trade you must EXITSHORT.

If you BUY then to exit the trade you must SELL.

If you have a long position open and SELLSHORT then the long position will be closed.

If you have a short position open and BUY then the short position will be closed.

Use two strategies – one for long and one for short if you want to avoid this.

10/25/2018 at 10:09 PM #83549 quote

Hiraokii
Participant

Junior

Thanks brother.
Author

Posts

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Buy at the high of the previous candle

ProOrder: Automated Strategies & Backtesting

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Hiraokii @hiraokii Participant

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This topic contains 4 replies,
has 2 voices, and was last updated by Hiraokii
8 years ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	10/25/2018
Status:	Active
Attachments:	No files