Duplicate orders

• 04/14/2020 at 9:50 AM #126049
  Jabezz

  15 minute chart Brent Crude

  Breakouts

  DEFPARAM PreLoadBars = 0 //No multiple entries in same direction DEFPARAM FlatAfter = 213000 // The market analysis looks at this bar and the one before to set the high low levels JH StartTime = 141500 // Variables which can be adapted based on your preferences PositionSize = 1 AmplitudeMax = 120 //used to set max allowable range in 1st 2 bars AmplitudeMin = 30 //used to stop entry if range of 1st two are too small OrderDistance = -4 // used to set buy sell confirm trigger below or above 1st two bar highs and lows MinDistance = 6 //used to stop entry if bars after 1st two are too near // We initialize this variable once at the beginning of the trading system. ONCE StartTradingDay = -1 // The variables which can change during the day are initialized // at the beginning of each new trading day. IF (Time <= StartTime AND StartTradingDay <> 0) OR IntradayBarIndex = 0 THEN BuyLevel = 0 SellLevel = 0 BuyPosition = 0 SellPosition = 0 StartTradingDay = 0 ELSIF Time >= StartTime AND StartTradingDay = 0 THEN // We store the index of the first bar of the trading day StartTradingDay = 1 ELSIF StartTradingDay = 1 then // For each trading day, the highest and lowest price of the instrument // are recorded every 15 minutes since StartTime // 4 bars IF BuyLevel = 0 OR SellLevel = 0 THEN UpperLevel = Highest[4](High) LowerLevel = Lowest [4](Low) // Calculation of the difference between the highest // and lowest price of the instrument since StartTime DayDistance = UpperLevel - LowerLevel // Calculation of the buy and sell levels for the day if the conditions are met IF DayDistance <= AmplitudeMax THEN IF SellLevel = 0 AND (Close - LowerLevel) >= MinDistance THEN SellLevel = LowerLevel + OrderDistance Else SellLevel=1 ENDIF IF BuyLevel = 0 AND (UpperLevel - Close) >= MinDistance THEN BuyLevel = UpperLevel - OrderDistance Else BuyLevel=1 ENDIF ENDIF ENDIF // Creation of buy and sell short orders for the day if the conditions are met IF SellLevel > 0 AND BuyLevel > 0 and (BuyLevel - SellLevel) >= AmplitudeMin THEN IF BuyPosition = 0 THEN IF LongOnMarket THEN BuyPosition = 1 ELSe BUY PositionSize CONTRACT AT BuyLevel STOP Set target pprofit 25 ENDIF ENDIF IF SellPosition = 0 THEN IF ShortOnMarket THEN SellPosition = 1 ELSe SELLSHORT PositionSize CONTRACT AT SellLevel STOP Set target pprofit 25 ENDIF ENDIF ENDIF ENDIF

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78

  DEFPARAM PreLoadBars = 0 //No multiple entries in same direction   DEFPARAM FlatAfter = 213000   // The market analysis looks at this bar and the one before to set the high low levels JH StartTime = 141500     // Variables which can be adapted based on your preferences PositionSize = 1 AmplitudeMax = 120 //used to set max allowable range in 1st 2 bars AmplitudeMin = 30 //used to stop entry if range of 1st two are too small OrderDistance = -4 // used to set buy sell confirm trigger below or above 1st two bar highs and lows MinDistance = 6 //used to stop entry if bars after 1st two are too near     // We initialize this variable once at the beginning of the trading system. ONCE StartTradingDay = -1   // The variables which can change during the day are initialized // at the beginning of each new trading day. IF (Time <= StartTime AND StartTradingDay <> 0) OR IntradayBarIndex = 0 THEN BuyLevel = 0 SellLevel = 0 BuyPosition = 0 SellPosition = 0 StartTradingDay = 0     ELSIF Time >= StartTime AND StartTradingDay = 0 THEN // We store the index of the first bar of the trading day StartTradingDay = 1 ELSIF StartTradingDay = 1 then // For each trading day, the highest and lowest price of the instrument // are recorded every 15 minutes since StartTime // 4 bars IF BuyLevel = 0 OR SellLevel = 0 THEN UpperLevel = Highest[4](High) LowerLevel = Lowest [4](Low) // Calculation of the difference between the highest // and lowest price of the instrument since StartTime DayDistance = UpperLevel - LowerLevel // Calculation of the buy and sell levels for the day if the conditions are met IF DayDistance <= AmplitudeMax THEN IF SellLevel = 0 AND (Close - LowerLevel) >= MinDistance THEN SellLevel = LowerLevel + OrderDistance Else SellLevel=1 ENDIF IF BuyLevel = 0 AND (UpperLevel - Close) >= MinDistance THEN BuyLevel = UpperLevel - OrderDistance Else BuyLevel=1 ENDIF ENDIF ENDIF   // Creation of buy and sell short orders for the day if the conditions are met IF SellLevel > 0 AND BuyLevel > 0 and (BuyLevel - SellLevel) >= AmplitudeMin THEN IF BuyPosition = 0 THEN IF LongOnMarket THEN BuyPosition = 1 ELSe BUY PositionSize CONTRACT AT BuyLevel STOP Set target pprofit 25 ENDIF ENDIF IF SellPosition = 0 THEN IF ShortOnMarket THEN SellPosition = 1 ELSe SELLSHORT PositionSize CONTRACT AT SellLevel STOP Set target pprofit 25 ENDIF ENDIF ENDIF ENDIF

   

   

  Brent Crude 15 minute chart

  I’m having difficulty with the “Buy xxxx Contract At xxxxx Stop” function. Buying price is set at a fixed Buylevel parameter.

  Basically the system is set up so that it buys a position using this function but it also sets a “target pprofit” for the first few bars in case theres a rapid increase to a certain level. On the occasions where this target is met it sells at the profit target but then opens another position on the next bar despite it being higher than the Buylevel parameter, which I do not want it to do.

  I’m assuming this is because the Buy at Stop is being renewed every bar in the code but it still executes a trade even the the price is above the buylevel stop that is set.

  Is there anyway to stop it doing this? I would like it to take the profit and not enter again until the next signal condition.

  An example of this occuring is on 7th April 2020

  

  Jabezz

  Participant

  Topics: 6

  Replies: 12

  Been thanked: 2 times
  04/14/2020 at 10:24 AM #126052
  Nicolas

  If the price is above the pending stop order price, the order should open. You can add a condition to test if the actual price is below the buy stop level to prevent an order to open.

  

  Nicolas

  Keymaster

  Topics: 83

  Replies: 20899

  Been thanked: 4866 times
  05/01/2020 at 7:53 AM #129160
  Jabezz

  Thanks I’ll give that a go.

  

  Jabezz

  Participant

  Topics: 6

  Replies: 12

  Been thanked: 2 times
• Author
  Posts