Hi Roberto,
its me again to bother you! 🙂
I have been testing this manually and also try to create a strategy so i managed to get below ,i got this and try to change this from the forum but i really don’t know how to get the entry at 5pips above and below according to the indicator when the cross over happen.
is this something you can help out?
the numbers are just numbers.. i mean SL and targets etc.. hoping i can change this change!!
Many Thanks
Ro
// Conditions to enter long positions
i1 = exponentialaverage[9](close)
i2 = exponentialaverage[40](close)
long = i1 crosses over i2
short = i1 crosses under i2
IF NOT LongOnMarket AND long THEN
BUY 1 CONTRACTS AT MARKET
ENDIF
// Conditions to exit long positions
If LongOnMarket AND short THEN
SELL AT MARKET
ENDIF
// Conditions to enter short positions
IF NOT ShortOnMarket AND short THEN
SELLSHORT 1 CONTRACTS AT MARKET
ENDIF
// Conditions to exit short positions
IF ShortOnMarket AND long THEN
EXITSHORT AT MARKET
ENDIF
// Stops and targets : Enter your protection stops and profit targets here
// points based STOP LOSS and TRAILING STOP
// initial STOP LOSS
SET STOP pLOSS 30
// trailing stop
SET STOP pTRAILING 20
please if you can add up and correct me, really appreciated!!
I’ll take a look at your code tomorrow.
Since you are now talking about a strategy I just moved the topic to ProOrder support.
Back tomorrow for hints.
You only have to change lines 8 and 18 as follows
BUY 1 CONTRACTS AT close + (5 * pipsize) LIMIT
SELLSHORT 1 CONTRACTS AT close - (5 * pipsize) LIMIT
but, since a LIMIT/STOP order expires when the candle closes, do you want to place it again through the following candles? If yes, till when, maybe till the opposite crossing happens?
Also, replacing LIMIT with STOP would do better, I guess.
Thanks for this..for some reason it say this cannot be added because trailing stop are not enabled in my account..
I have removed the trailing stop.
just to make sure will this wait for 5bars then take the 5pips above or below highs/ lows as an entry?
IF CrossOver[5] THEN
IF summation[4](CrossOver OR CrossUnder) = 0 THEN
TopLine = highest[5](high) + (5 * pipsize)
how can we replace LIMIT with STOP?
// Conditions to enter long positions
i1 = exponentialaverage[9](close)
i2 = exponentialaverage[40](close)
long = i1 crosses over i2
short = i1 crosses under i2
IF NOT LongOnMarket AND long THEN
BUY 1 CONTRACTS AT close + (5 * pipsize) LIMIT
ENDIF
// Conditions to exit long positions
If LongOnMarket AND short THEN
SELL AT MARKET
ENDIF
// Conditions to enter short positions
IF NOT ShortOnMarket AND short THEN
SELLSHORT 1 CONTRACTS AT close - (5 * pipsize) LIMIT
ENDIF
// Conditions to exit short positions
IF ShortOnMarket AND long THEN
EXITSHORT AT MARKET
ENDIF
// Stops and targets : Enter your protection stops and profit targets here
// points based STOP LOSS and TRAILING STOP
// initial STOP LOSS
SET STOP pLOSS 30
not sure what you mean by replacing LIMIT with STOP?
another way is let say when its move 20pip on profit stop to break even!!!
Yes, your lines should do good.
As for your stops I don’t know about your limits with IG, but I want to point out that, despite examples in the PRT manual, the first one (SET STOP pLOSS 30) would be overridden by the second one (SET STOP pTRAILING 20), since they cannot be set together.
not sure what you mean by replacing LIMIT with STOP?
LIMIT guarantees execution only at the price you decided (or a most favourable one) and is used when you BUY at a lower price or SELLSHORT at a higher one, while STOP guarantees execution no matter what price (provided the price you decided is reached) and is used when you BUY at a higher price or SELLSHORT at a lower one.
ahh ok.. its a better idea! 🙂 where should i change?
is possible to make the stop loss to Break even once its reach to a certain point too?
As for Breakeven you should read, merge into your code and experiment with Nicols’ code (https://www.prorealcode.com/blog/learning/breakeven-code-automated-trading-strategy/).
If you search Breakeven in the forum you’ll find plenty of code to to use and learn from.
I modified the BUY/SELLSHORT lines to accomodate for an evaluation of price, to check whether EntryPrice is more favourable (in order to use LIMIT) or not (in order to use STOP):
// Conditions to enter long positions
i1 = exponentialaverage[9](close)
i2 = exponentialaverage[40](close)
long = i1 crosses over i2
short = i1 crosses under i2
IF NOT LongOnMarket AND long THEN
EntryPrice = close + (5 * pipsize)
IF EntryPrice < close THEN
BUY 1 CONTRACTS AT EntryPrice LIMIT
ELSE
BUY 1 CONTRACTS AT EntryPrice STOP
ENDIF
ENDIF
// Conditions to exit long positions
If LongOnMarket AND short THEN
SELL AT MARKET
ENDIF
// Conditions to enter short positions
IF NOT ShortOnMarket AND short THEN
EntryPrice = close - (5 * pipsize)
IF EntryPrice > close THEN
SELLSHORT 1 CONTRACTS AT EntryPrice LIMIT
ELSE
SELLSHORT 1 CONTRACTS AT EntryPrice STOP
ENDIF
ENDIF
// Conditions to exit short positions
IF ShortOnMarket AND long THEN
EXITSHORT AT MARKET
ENDIF
// Stops and targets : Enter your protection stops and profit targets here
// points based STOP LOSS and TRAILING STOP
// initial STOP LOSS
SET STOP pLOSS 30
Thanks very much!! for the link too… will do some more testing to find a better way!!
Hi Roberto,
As i have been testing this past few days.. i think the best entry is the STOP. as its more like a breakout! it didnt give e the right entry according to the indicator? as the for the indicator TOPLINE or the Bottomline
if TOPLINE that should be the proper entry:
IF CrossUnder[5] THEN
IF summation[4](CrossOver OR CrossUnder) = 0 THEN
BottomLine = lowest[5](low) - (5 * pipsize)
DRAWTEXT("---#BottomLine#---",barindex-3,BottomLine,SansSerif,Bold,16)coloured(153,0,0)
so i have managed to change this as below, and it gives the entry according to the indicator
IF NOT LongOnMarket AND long[5] THEN
EntryPrice = highest[5](high) + (5* pipsize)
BUY 1 CONTRACTS AT EntryPrice STOP
ENDIF
but its only trigger on the the 5th candle.. if after the 5th candle if its go up and the original entryprice wont get triggered?? is there a way to change this?? once we get the entry price.. it gets trigger any next 10 canldes once we get the original enterprice?
full code below..
// Conditions to enter long positions
i1 = exponentialaverage[9](close)
i2 = exponentialaverage[40](close)
long = i1 crosses over i2
short = i1 crosses under i2
IF NOT LongOnMarket AND long[5] THEN
EntryPrice = highest[5](high) + (5* pipsize)
BUY 1 CONTRACTS AT EntryPrice STOP
ENDIF
// Conditions to exit long positions
If LongOnMarket AND short THEN
SELL AT MARKET
ENDIF
// Conditions to enter short positions
IF NOT ShortOnMarket AND short[5] THEN
EntryPrice = lowest[5](low) - (5 * pipsize)
SELLSHORT 1 CONTRACTS AT EntryPrice STOP
ENDIF
// Conditions to exit short positions
IF ShortOnMarket AND long THEN
EXITSHORT AT MARKET
ENDIF
// Stops and targets : Enter your protection stops and profit targets here
// points based STOP LOSS and TRAILING STOP
// initial STOP LOSS
SET STOP pLOSS 30
lets say the its going long.. once we get the enryprice 5 pip above etc (topline on the idicator) …and if it didnt get triggered on the 5th bar but it gets triggered on the 9th bar if it reach original entryprice?? please see attached pic!!!
i mean how can we get the exact ToplLine or the Bottomline as an entry according to the indicator.. and entry price will act as a stop order when ever the market reach the entry price?? seems very complicated.. but i tried 100 ways didnt really work out 🙁
