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

robdav · 2017-01-06T13:00:25+00:00

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

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01/06/2017 at 2:00 PM #20042 quote

robdav
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Veteran

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

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

Legend
Seems like an ordinary “takeprofit” to me?
```
set target pprofit 15 //close an order in profit of 15 points
```
01/06/2017 at 6:40 PM #20090 quote

robdav
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Veteran

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?

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

Nicolas
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Legend

Takeprofit are individual for each order with ProOrder IG.

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

robdav
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Veteran

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

01/07/2017 at 11:59 AM #20106 quote
Elsborgtrading
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Veteran
```
if close>=open+25*pipsize then
sell at market
endif
```
robdav and DarkNephilim thanked this post
12/06/2017 at 9:47 AM #54867 quote

DarkNephilim
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New

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