buy /sell when the price crosses over/under a value and equals a different value

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  • 11/18/2024 at 3:00 AM #240452 quote
    J.gymea
    Participant
    New

    Hi and thank you guys!

    I want to code this but dont know how:

    for example

    BUY 1 contract when the price crosses over 100 then reaches 120 ( so basically the price has to cross over 1oo and reaches 120 to buy a contract at 120 )

    CLOSE THE TRADE when the price crosses down 140 then reaches 120 ( price has to cross under 140 and reaches 120 to sell at 120)

     

    Appreciate your help

    Thank you

    11/18/2024 at 5:00 AM #240453 quote
    JS
    Participant
    Senior

    Hi,

    Try this one: 

    DefParam CumulateOrders=False

Once LongLevel100=0
Once ShortLevel140=0

If Close Crosses Over 100 then
LongLevel100=1
EndIf

If Close Crosses Over 120 and LongLevel100=1 then
Buy 1 contract at Market
LongLevel100=0
EndIf

If Close Crosses Under 140 then
ShortLevel140=1
EndIf

If Close Crosses Under 120 and ShortLevel140=1 then
SellShort 1 contract at Market
ShortLevel140=0
EndIf
    Iván González, J.gymea and Watanabix thanked this post
    11/18/2024 at 10:41 PM #240511 quote
    J.gymea
    Participant
    New

    Thank you JS,

    It worked but I need the trade to be closed when the price crosses under 140 to 120 and not to sell ( now its buying 1 contract when the price crosses over 100 reaching 120, closing the buying contract and selling 1 contract when the price crosses under 140 reaching 120). what I need to change in this code please?

     

    Thank you so much

    JS thanked this post
    11/18/2024 at 10:55 PM #240512 quote
    JS
    Participant
    Senior

    Hi,

    Change line 20 to “Sell at Market”

    J.gymea thanked this post
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buy /sell when the price crosses over/under a value and equals a different value


ProOrder: Automated Strategies & Backtesting

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J.gymea @j-gymea Participant
Summary

This topic contains 3 replies,
has 2 voices, and was last updated by JS
1 year, 3 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 11/18/2024
Status: Active
Attachments: No files
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