Buying an Outside candle via BuyStop

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  • 10/10/2020 at 1:32 PM #146974 quote
    f1_maik
    Participant
    Junior

    How do I program this?

    Stopbuy at  High Outside + 25% * (High of the Outsidecandle -Low of the Outsidecandle)

    the stopbuy should only be executed within the next 3 candles

    Target Profit = High Outside + 50% *  (High of the Outsidecandle – Low of the Outsidecandle)
    Stop Loss = Low Outsidecandle

    10/10/2020 at 3:31 PM #146996 quote
    robertogozzi
    Moderator
    Master

    There you go (not tested):

    Defparam CumulateOrders = false
Outside1 = high > high[1] and low < low[1]
Outside2 = max(open,close) > max(open[1],close[1])
Outside3 = min(open,close) < min(open[1],close[1])
OutsideBar = Outside1 and Outside2 and Outside3
If OutsideBar then
   Entry = high + (range * 0.25)
   TP     = abs(Entry - (high + (range * 0.50)))
   SL     = abs(Entry - low)
Endif
If summation[3](OutsideBar) then
   Buy 1 contract at Entry STOP
   Set Target Profit TP
   Set Stop    Loss   SL
Endif
    f1_maik thanked this post
    10/10/2020 at 4:17 PM #147001 quote
    f1_maik
    Participant
    Junior

    i thank you very much

    10/11/2020 at 4:51 PM #147065 quote
    f1_maik
    Participant
    Junior

    Maybe one more step back. Maybe you can help me again.

    I understand that this part of code,  define entry, sl, tp – correct?

    If OutsideBar then
   Entry = high + (range * 0.25)
   TP     = abs(Entry - (high + (range * 0.50)))
   SL     = abs(Entry - low)
Endif

     

     

    Which part of the code says that the StopBuy is only executed with the next 3 candles? With this one?

    If summation[3](OutsideBar) then
   Buy 1 contract at Entry STOP
   Set Target Profit TP
   Set Stop   Loss   SL
Endif

    and if so and I would set n=5, then the StopBuy would only be possible within the next 5 candles – correct?

    n = 5
If summation[n](OutsideBar) then
   Buy 1 contract at Entry STOP
   Set Target Profit TP
   Set Stop    Loss   SL
Endif

     

    Allright?

    10/11/2020 at 6:04 PM #147067 quote
    robertogozzi
    Moderator
    Master

    All of your assumptions are correct.

    10/12/2020 at 12:35 PM #147157 quote
    f1_maik
    Participant
    Junior

    So fine and a big thank you to you.

    The first step of the strategie is done.

    robertogozzi thanked this post
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Buying an Outside candle via BuyStop


ProOrder: Automatischer Handel & Backtesting

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f1_maik @f1_maik Participant
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This topic contains 5 replies,
has 2 voices, and was last updated by f1_maik
5 years, 4 months ago.

Topic Details
Forum: ProOrder: Automatischer Handel & Backtesting
Language: German
Started: 10/10/2020
Status: Active
Attachments: No files
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