Extending a limit order

Mike Boorman · Mon, 03 Apr 2023 17:39:03 +0000

Hello folks, I’m trying to enter the market on a pullback that can occur up to five bars after one of the entry conditions is met. I would like to enter on the furthermost right bar in this screengrab (when price pulls back to the 15EMA), but it currently doesn’t work. I can tell from the graph drawing that it is because my entry rule of close >=highfractal+7 has become invalid. How can I save this entry rule to memory and allow the system to wait 5 bars for the price to pull back to the EMA? Thanks in advance for your help 🙂 DEFPARAM CumulateOrders = False ONCE HighCount = Undefined ONCE HighFractal = Undefined ONCE NbBarLimit = 10 IF (High > High[1]) AND (High > High[2]) and high= highest[4](high) THEN HighLevel = High MyLimitBuy = ExponentialAverage[15](close) MyIndex = Barindex ENDIF IF BarIndex >= MyIndex + NbBarLimit THEN MyLimitBuy = 0 ENDIF IF (High < HighLevel) THEN HighCount = HighCount - 1 ELSIF (High >= HighLevel) THEN HighCount = 0 ENDIF IF HighCount = -1 THEN HighFractal = HighLevel ELSE HighFractal = HighFractal ENDIF IF MyLimitBuy > 0 AND NOT LongOnMarket and close >=highfractal+7 THEN BUY 1 perpoint AT MyLimitBuy LIMIT ENDIF SET STOP pLOSS 10 SET TARGET pPROFIT 20 graph close >=highfractal+7

This topic has 16 replies, 3 voices, and was last updated 11 months ago by robertogozzi.

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05/23/2023 at 5:37 PM #215100

Mike Boorman

I’ve updated the code but I knew immediately that it wouldn’t generate the entry signal – it is my fault because I don’t know how to define “Definitehigh” properly. Doing it as “highest[10]” when the market is rising will use a bar that is too recent. In the case of the screengrab, the highest in the range of 10 is simply the previous bar, which isn’t what I want. I need it to look back to find the high that was previously the highest before the market went upwards (at 10:25am on the screengrab). It’s similar to how someone would look back a certain number of bars to find a significant high in a divergence system. How would I do this?

StartTime = 080000
Limitentrytime = 230000

daysforbiddenentry = OpenDayOfWeek=6 OR OpenDayOfWeek=0
Definitehigh=highest[10](high)

ONCE Signal = 0
Ema15       = average[15,1](close)
IF high > (definitehigh[1] + 7) THEN
Signal = 1
ENDIF
IF close < Ema15 THEN
Signal = 0
ENDIF
IF Not OnMarket AND Signal AND ((low <= Ema15) AND (min(open,close) >= Ema15)) and time >=StartTime and time <=LimitEntrytime and not daysForbiddenEntry THEN
BUY 1 perpoint at Market
SET STOP    pLOSS 16
SET TARGET pPROFIT 5
ENDIF

graph definitehigh[1]

StartTime = 080000

Limitentrytime = 230000

daysforbiddenentry = OpenDayOfWeek=6 OR OpenDayOfWeek=0

Definitehigh=highest[10](high)

ONCE Signal = 0

Ema15 = average[15,1](close)

IF high > (definitehigh[1] + 7) THEN

Signal = 1

ENDIF

IF close < Ema15 THEN

Signal = 0

ENDIF

IF Not OnMarket AND Signal AND ((low <= Ema15) AND (min(open,close) >= Ema15)) and time >=StartTime and time <=LimitEntrytime and not daysForbiddenEntry THEN

BUY 1 perpoint at Market

SET STOP pLOSS 16

SET TARGET pPROFIT 5

ENDIF

graph definitehigh[1]

Mike Boorman

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05/29/2023 at 11:09 AM #215335

robertogozzi

You can use a LookBack period to shift the search leftwards:

LookBack = 10
Definitehigh=highest[10](high[LookBack])

1 2	LookBack = 10 Definitehigh=highest[10](high[LookBack])

robertogozzi

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