Coding buy/stop orders above or below the price but only for a limited time

• 04/24/2019 at 6:08 PM #97064
  domf

   

  setting and cancelling buy/sell orders

  // Conditions to enter long positions indicator1 = Average[12](close) indicator2 = Average[22](close) level1 = open + (10*pipsize) c1 = (indicator1 CROSSES OVER indicator2) IF c1 THEN BUY 1 CONTRACT AT level1 LIMIT ENDIF // Conditions to exit long positions indicator3 = Average[9](close) indicator4 = Average[20](close) c2 = (indicator3 CROSSES UNDER indicator4) IF c2 THEN SELL AT MARKET ENDIF // Conditions to enter short positions indicator5 = Average[12](close) indicator6 = Average[22](close) level2 = open - (10*pipsize) c3 = (indicator5 CROSSES UNDER indicator6) IF c3 THEN SELLSHORT 1 CONTRACT AT level2 LIMIT ENDIF // Conditions to exit short positions indicator7 = Average[9](close) indicator8 = Average[20](close) c4 = (indicator7 CROSSES OVER indicator8) IF c4 THEN EXITSHORT AT MARKET ENDIF

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  // Conditions to enter long positions indicator1 = Average[12](close) indicator2 = Average[22](close) level1 = open + (10*pipsize) c1 = (indicator1 CROSSES OVER indicator2) IF c1 THEN BUY 1 CONTRACT AT level1 LIMIT ENDIF   // Conditions to exit long positions indicator3 = Average[9](close) indicator4 = Average[20](close) c2 = (indicator3 CROSSES UNDER indicator4) IF c2 THEN SELL AT MARKET ENDIF   // Conditions to enter short positions indicator5 = Average[12](close) indicator6 = Average[22](close) level2 = open - (10*pipsize) c3 = (indicator5 CROSSES UNDER indicator6) IF c3 THEN SELLSHORT 1 CONTRACT AT level2 LIMIT ENDIF   // Conditions to exit short positions indicator7 = Average[9](close) indicator8 = Average[20](close) c4 = (indicator7 CROSSES OVER indicator8)   IF c4 THEN EXITSHORT AT MARKET ENDIF

  I am trying to create some coding for what I believe should be a simple task but I just can not get my coding head around it. Would really appreciate some help.

  This is based on 4hr charts. I have a simple moving average crossover which I wish to trigger a buy order at a price 10 PIPS BELOW the trade price at the point of the crossover. If the price does not drop to that price within the next 2 bars/candles, then I wish to cancel the order.

  Likewise in reverse for a crossover triggering a sell order at a price 10 PIPS ABOVE the trade price. Also to be cancelled if price does not rise to that level within next 2 bars/candles.

  I have read the programming guide and done many forum searches on this, but still can’t find the solution. The coding shown illustrates how far I have got so far.

  Many thanks

  

  domf

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  05/09/2019 at 8:27 AM #98017
  Nicolas

  You can use BARINDEX and count of bars to put the limit orders for a limited time:

  Save the BARINDEX in a variable when the MA cross occurs and compare it with the actual bar:

  // Conditions to enter long positions indicator1 = Average[12](close) indicator2 = Average[22](close) level1 = open + (10*pipsize) c1 = (indicator1 CROSSES OVER indicator2) IF c1 THEN buybar = barindex ENDIF if barindex-buybar<=2 then BUY 1 CONTRACT AT level1 LIMIT endif

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  // Conditions to enter long positions indicator1 = Average[12](close) indicator2 = Average[22](close) level1 = open + (10*pipsize) c1 = (indicator1 CROSSES OVER indicator2) IF c1 THEN buybar = barindex ENDIF if barindex-buybar<=2 then BUY 1 CONTRACT AT level1 LIMIT endif

  Just do the same for your sell limit orders code.

  

  Nicolas

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