Entry, Exit and Profit coding in autotrading

Lasse · 2016-11-30T12:33:58+00:00

Hi, I am trying to code an auto-traded strategy but would need some “basic” help to complete it as I am still new to the programming – so straight to the Questions: Q1 – Exit: In the auto trading function you will by default exit at market price, next bar open. I rather want to exit at current bar 5 minutes before closing. How to code that? Q2 – Entry: By default, you enter at market price, next bar open. I rather want to enter next bar open IF e.g. +0.2% above prev candle high. How to code that? Q3 – Profit: At previous structure high (looking e.g. 20 days back). How to code that? Many thanks in advance! Examples are appreciated too. Lasse

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11/30/2016 at 1:33 PM #17550 quote
Lasse
Participant

New
Hi,

I am trying to code an auto-traded strategy but would need some “basic” help to complete it as I am still new to the programming – so straight to the Questions:
- Q1 – Exit: In the auto trading function you will by default exit at market price, next bar open. I rather want to exit at current bar 5 minutes before closing. How to code that?
- Q2 – Entry: By default, you enter at market price, next bar open. I rather want to enter next bar open IF e.g. +0.2% above prev candle high. How to code that?
- Q3 – Profit: At previous structure high (looking e.g. 20 days back). How to code that?
Many thanks in advance! Examples are appreciated too.

Lasse
11/30/2016 at 3:14 PM #17572 quote
Nicolas
Keymaster

Legend
Please find below answers to your 3 questions:

1/ Not possible until the multi-timeframe is available in the coding languag

2/ You need to place on market a pending STOP order at current high price * 0.002 , it will only last 1 candlestick:
```
BUY 1 SHARE AT high*1.002 STOP
```
3/ First define the profit in points between the 20 days back highest high and the current close (price when the calculation will be made):
```
takeprofit = highest[20](high)[1]-close
```
then set your takeprofit in your code with this instruction:
```
SET TARGET PROFIT takeprofit
```
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Entry, Exit and Profit coding in autotrading

ProOrder: Automated Strategies & Backtesting

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Lasse @lasse Participant

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This topic contains 1 reply,
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9 years, 10 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	11/30/2016
Status:	Active
Attachments:	No files