Buying at the second Boll band violation

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02/10/2023 at 7:19 PM #209524 quote

Gaby
Participant

Average

Hello,

I would like to code a buy entry when the close is lower the low Bollinger band for two consecutive periods. I have coded this, but it not working; I appreciate any help, Thanks. Gaby

// Definition of code parameters
DEFPARAM CumulateOrders = False
Once COUNT = 0

// variables ===================================

LowBoll = Average[20](close)- (3*std[20](close))

// conditions ====================================

c1 = close < LowBoll

IF NOT onmarket AND c1 AND COUNT = 0 THEN
COUNT = 1

ELSIF NOT onmarket AND c1 AND COUNT =1 THEN
BUY 1 PERPOINT AT MARKET
COUNT = 0

ENDIF

02/10/2023 at 7:41 PM #209527 quote
Gaby
Participant

Average
This version of the code seems to work, you can ignore my previous request:
```
// Definition of code parameters
DEFPARAM CumulateOrders = False // Cumulating positions deactivated
Once COUNT = 0

// variables ===================================

LowBoll = Average[20](close)- (3*std[20](close))
//LowerTail = min(open,close) - low

// conditions ====================================

c0 = close > Lowboll

If c0 THEN
COUNT = 0
ENDIF

c1 = close < LowBoll
//c2 = Lowertail > 12

IF NOT onmarket AND c1 AND COUNT = 0 THEN
COUNT = 1

ELSIF NOT onmarket AND c1 AND COUNT = 1 THEN
BUY 1 PERPOINT AT MARKET
COUNT = 0

ENDIF

IF LONGonmarket THEN //and BARINDEX-TRADEINDEX(1) = 0 then
SELL AT MARKET
ENDIF
```
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Buying at the second Boll band violation

ProOrder: Automated Strategies & Backtesting

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Gaby @gaby Participant

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This topic contains 1 reply,
has 1 voice, and was last updated by Gaby
3 years, 7 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	02/10/2023
Status:	Active
Attachments:	No files

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