Code for Extended limit orders (more than one bar)

• 04/12/2018 at 11:06 PM #68225
  Jan

  Hi all,

  could not find the answer here around, that’s why I  made a new topic :

   

  If close > close[1] then BUY 3 shares AT Lowest[5](low) limit endif

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  If close > close[1] then   BUY 3 shares AT Lowest[5](low) limit   endif

   

  The command BUY 3 shares AT Lowest[5](low) limit :  gives a limit buy order each time a bar close, defined as the minimum/lowest value of the last 5 closed bars;

  as long as the condition  close > close[1]  is true, the minimum value is recalculated after each bar close.

  Two questions:

  1. can the inital limit order be valid for more than one bar ? If yes, what is the PRT-code?
  2. can the initial minimal value be fixed in the code (not being recalculated after a bar) ?  If yes, how to code it in  PRT ? (with help of barindex – tradeindex or ??)

  Thanks in advance for your help !

  Kind regards, Jan

  

  Jan

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  04/12/2018 at 11:24 PM #68227
  robertogozzi

  1 – No, pending Limit/Stop orders expire after one bar and need to be placed again and again as conditions are still met

  2 – You need to save that value and not let it be recalculated each new candle (but you will have to, sooner or later, recalculate it, maybe after some bars or at the beginning of a new day)

  ONCE EntryPrice = 0 IF close > close[1] AND EntryPrice = 0 THEN EntryPrice = Lowest[5](low) ENDIF BUY 3 shares AT EntryPrice limit

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  ONCE EntryPrice = 0 IF close > close[1] AND EntryPrice = 0 THEN    EntryPrice = Lowest[5](low) ENDIF BUY 3 shares AT EntryPrice limit

   

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  Nicolas

  

  robertogozzi

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  07/13/2018 at 8:48 AM #75897
  Jan

  Using limit orders for more than one bar is also clearly described at the PRT  Trading programming Help manual,   https://www.prorealtime.com/en/pdf/probacktest.pdf   at page 11.

  

  Jan

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