coding help for simple gold scalp strategy on 10min

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04/05/2025 at 2:46 AM #245603 quote

Participant

New

This strategy is a Gold Scalping System designed to trade the NYSE breakout at the close of the second 10-minute candle after the market opens – this is the decision bar.

The strategy uses a breakout technique, entering long when the price breaks above the high of the second candle or short when it breaks below the low, with a 0.5-point entry buffer to avoid false breakouts. The system utilizes a fixed stop loss of 2.5 points and a take profit of 2 points. The strategy is limited to 1 trade per day,

could someone help code this as Ive had issues with it so i can test it on probacktest

04/07/2025 at 7:33 AM #245648 quote

Participant

Master

Hi,

Try this one:

// === Parameters ===
once entryBuffer = 0.5
once stopLoss = 2.5
once takeProfit = 2.0

// === NYSE time (adjust if needed) ===
// Make sure your timezone is set correctly! NYSE opens at 15:30 CET
marketOpenTime  = 153000
decisionCandleEnd = 155000

// === Capture second 10-min candle (decision bar) ===
if OpenTime = decisionCandleEnd then
decisionHigh = high
decisionLow  = low
entryLong = decisionHigh + entryBuffer
entryShort = decisionLow - entryBuffer
tradeDone = 0 // reset trade flag
endif

// === Trade Entry (1 trade per day) ===
if not onmarket and tradeDone = 0 then
// Long breakout
if high > entryLong then
buy 1 contract at market
sl = close - stopLoss
tp = close + takeProfit
tradeDone = 1
endif

// Short breakout
if low < entryShort then
sellshort 1 contract at market
sl = close + stopLoss
tp = close - takeProfit
tradeDone = 1
endif
endif

// === Trade Management ===
if longonmarket then
// Take profit
if close >= tp then
sell at market
endif
// Stop loss
if close <= sl then
sell at market
endif
endif

if shortonmarket then
// Take profit
if close <= tp then
exitshort at market
endif
// Stop loss
if close >= sl then
exitshort at market
endif
endif

GraphOnPrice DecisionHigh as "High"
GraphOnPrice DecisionLow as "Low"

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