Create code for a breakout system

DT · 2017-08-10T09:22:26+00:00

Hello, I would need some help to create the code for a breakout system. If I would like to go long/short the cable after it have created a 2h-range between 8-10 in the morning and then exit 24 hours later. Stoploss and entry in the other direction should be at the same level. I´m learning how to code right now but are not good enough to create this yet…Would be really happy if anyone could help! Thanks!

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08/10/2017 at 10:22 AM #42858 quote

DT
Participant

New

Hello,

I would need some help to create the code for a breakout system. If I would like to go long/short the cable after it have created a 2h-range between 8-10 in the morning and then exit 24 hours later.
Stoploss and entry in the other direction should be at the same level.

I´m learning how to code right now but are not good enough to create this yet…Would be really happy if anyone could help!

Thanks!

08/11/2017 at 8:04 PM #43040 quote
Wing
Participant

Veteran
Assuming for example you use the 15m timeframe, something like this?
```
defparam cumulateorders=0

once RangeHigh=10000000
once RangeLow=0

If time=100000 then
RangeHigh=Highest[8](high)
RangeLow=Lowest[8](low)
endif

If Time=PositionTime then
sell at market
exitshort at market
endif

if time>100000
if close>RangeHigh and onmarket=0 then
buy 1 lot at market
PositionTime=Time
set stop loss close-rangelow
endif
if close<RangeLow and onmarket=0 then
sellshort 1 lot at market
set stop loss rangehigh-close
PositionTime=Time
endif
endif
```
Nicolas and DanInvest thanked this post
08/14/2017 at 5:10 PM #43169 quote

Nicolas
Keymaster

Legend

Thank you Wing for your invaluable help in answering the requests of the forum members, it helps me enormously and I am very grateful to you. You deserve the blue badge of ‘best contributor’ 🙂

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