criteria for entering positions

• 09/13/2019 at 12:01 PM #107440
  forexbull

  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

  

  forexbull

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

  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

  1	SellShort 1 perpoint at (close[1] - 3*pipsize) stop

   

  

  GraHal

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  09/13/2019 at 1:17 PM #107453
  forexbull

  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

  1 2 3 4 5 6 7 8 9 10 11 12 13

  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

   

  

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  09/13/2019 at 1:53 PM #107459
  robertogozzi

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