Close position on difference from open to close of a candle of a certain size

• 01/06/2017 at 2:00 PM #20042
  robdav

  Hi

  I would like to be able to close a position based on the closing size of a candle. So, if the candle closes X pips/points higher or lower than it opened then close the trade.

  Can anyone help with code for this condition please?

  Thanks

  Robert

  

  robdav

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  01/06/2017 at 4:36 PM #20069
  Nicolas

  Seems like an ordinary “takeprofit” to me?

  set target pprofit 15 //close an order in profit of 15 points

  1	set target pprofit 15 //close an order in profit of 15 points

   

  

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  01/06/2017 at 6:40 PM #20090
  robdav

  Well, I only want it to occur should it happen during a trade. I don’t want to set a system wide takeprofit. Does that make sense?

  

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  01/06/2017 at 7:53 PM #20091
  Nicolas

  Takeprofit are individual for each order with ProOrder IG.

  

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  01/07/2017 at 11:49 AM #20104
  robdav

  Hi Nicolas

  So does this scenario make sense.

  I’m coding a system which has the default DEFPARAM CumulateOrders = False set. Therefore, my understanding is that I can only have one buy or sell order in the market at a time, correct?

  One position might hit a candle which goes up or down 30 points. Some may not hit such candles but over the position move 150 points.

  If I set a take profit of say 25 then both trades would be closed at 25 points, would they not?

  Thanks

  Robert

  

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  01/07/2017 at 11:59 AM #20106
  Elsborgtrading

  if close>=open+25*pipsize then sell at market endif

  1 2 3

  if close>=open+25*pipsize then sell at market endif

   

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  Elsborgtrading

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  12/06/2017 at 9:47 AM #54867
  DarkNephilim

  Thank you Elborg, I was looking for encoding the size of a candle For 3 days, thanks a lot !

   

  

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