Buy contract when system reaches my previous entry points

• 03/26/2018 at 6:51 PM #66479
  xaji

  Hi,

  Would be possible to create a code line that if the price is under my entry points, about 5 or 10 points, then the contract is sold, and if the points are again above of my previous entry price or equal, then I would buy a contract again.

  For example: I start buying a contract for example on 12220 points, and the points are decreasing till 12215 points, then the contract would be sold. Later the system detects that the points reaches my previous entry points (12220), then I buy the contract again, is possible to write this in pro real?

  Thanks

  

  xaji

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  03/27/2018 at 7:50 AM #66504
  Nicolas

  Yes it is possible. You can place a BUY STOP order at your last known entry price level:

  test = tradeprice(1)>0 if not longonmarket and test and close<tradeprice(1) then buy 1 contract at tradeprice(1) stop endif

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  test = tradeprice(1)>0   if not longonmarket and test and close<tradeprice(1) then buy 1 contract at tradeprice(1) stop endif

  Of course the tradeprice level should be far enough from the current close, for the broker to allow it. Bear in mind that STOP order must be placed again each candle, because of their 1 bar expiration.

  

  Nicolas

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