buy lotsize contract at high-(range*.5) stop

• 08/10/2022 at 4:44 PM #198890
  josward1

  Hi, could somebody please explain what the following lines of coding mean:

  if not longonmarket and buyc2 then
  if range>SignalLargerThan*pointsize Then
  buy lotsize contract at high-(range*.5) stop

   

  and

   

  if not shortonmarket and sellc2 then
  if range>SignalLargerThan*pointsize Then
  sellshort lotsize contract at low+(range*.5) stop
  else

   

  I think i get the most of it it’s just these parts i don’t understand…  buy lotsize contract at high-(range*.5) stop

  sellshort lotsize contract at low+(range*.5) stop

   

  If i change the (range*.5) to (range*.0) i get different results…  I’m trying to get my head around exactly how the code is executing trades on a backtest.

   

  

  josward1

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  08/10/2022 at 4:52 PM #198893
  robertogozzi

  RANGE*0.5 is just a variable offset to enter a trade. You can write a fixe4d value, such as 20*PipSize.
  It means that it will BUY at HIGH – x or SELLSHORT at LOW + x.
  You can use any expression of your choice, could be ATR or any other valid offset.

  

  robertogozzi

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  08/10/2022 at 6:09 PM #198906
  josward1

   

  Thanks for your response

  Does this mean it creates a market order + x or – x from the close of the previous  candle? And the x value is however much I want the offset to be?

  so if I don’t want an offset and set it to .0 will the trades be executed immediately?

   

   

  

  josward1

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  08/10/2022 at 7:43 PM #198912
  robertogozzi

  Yes, 0 will remove the offest.

  The offeset is based on the RANGE of the candle, so it is not fixed.

   

  

  robertogozzi

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  08/10/2022 at 9:19 PM #198923
  josward1

  Ok thanks. In this case what would the relationship be between the range of the candle and where the market order gets placed?

  is it based on the range of the candle which produces the signal?

  I have the: if range>SignalLargerThan*pointsize  set to 0 in variable optimisation

   

  

  josward1

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  08/10/2022 at 10:16 PM #198926
  robertogozzi

  is it based on the range of the candle which produces the signal?  Yes 

  what would the relationship be between the range of the candle and where the market order gets placed?  It’s the multiplier x.x, be it 0 or 0.5

  If SignalLargerThan is set to 0, then the condition  IF RANGE >… will always be true.

   

   

   

  

  robertogozzi

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