criteria for entering positions

forexbull · 2019-09-13T11:01:36+00:00

Does anyone know if it’s possible to enter trades based on the criteria of the prior closed candle? I’m coding a break out of daily lows via ATR multiples on a 2 hour chart. Most of the code seems to work OK but I’m stuck on one fundamental issue. At the moment I’ve only been able to work out the standard SELLSHORT 1 PERPOINT AT MARKET I would like to be able to enter a few points below the prior candle’s close. I can’t seem to find any code that replaces the standard MARKET. I was hoping it could just be replaced with CLOSE(1)-3. Thanks Andrew

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09/13/2019 at 12:01 PM #107440 quote

forexbull
Participant

Junior

Does anyone know if it’s possible to enter trades based on the criteria of the prior closed candle?

I’m coding a break out of daily lows via ATR multiples on a 2 hour chart. Most of the code seems to work OK but I’m stuck on one fundamental issue.

At the moment I’ve only been able to work out the standard SELLSHORT 1 PERPOINT AT MARKET

I would like to be able to enter a few points below the prior candle’s close.

I can’t seem to find any code that replaces the standard MARKET.

I was hoping it could just be replaced with CLOSE(1)-3.

Thanks

Andrew

09/13/2019 at 12:31 PM #107449 quote
GraHal
Participant

Master
What market ?

Try below with square brackets (not rounded brackets)

Easier for us if you post your full code?
```
SellShort 1 perpoint at (close[1] - 3*pipsize) stop
```
09/13/2019 at 1:17 PM #107453 quote
forexbull
Participant

Junior
Thanks for the reply

Here’s the code I’ve written for FOREX pairs. It’s a standard break out entry I use manually on daily charts.

Technical analysis is carried out on the daily chart and an entry is made on a strong 2 hour candle.

The manual system was designed to catch an intraday burst of break out strength over a day or so.

I don’t have any experience in coding so I’m a long way off trying to automate my manual trading system.

What I was trying to do was work out if it’s possible to enter a short position 3 pips below the close of a signal bar rather than just sell the market.

No matter what I replace “market” with I get an error for the code. I did try your suggestion.

Perhaps buy and sell the market is all the software can do?
```
DEFPARAM CumulateOrders = False

daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0

c1 = (close < DLow(1))
c2 = (high-close)>averagetruerange[10]*1.5

IF c1 AND c2 and not daysForbiddenEntry THEN
SELLSHORT 1 PERPOINT AT market
ENDIF

SET STOP pLOSS AverageTrueRange[14](close)*2
SET TARGET pPROFIT AverageTrueRange[14](close)*2
```
09/13/2019 at 1:53 PM #107459 quote

robertogozzi
Moderator

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