help coding H1 open strategy

ullle73 · 2020-09-15T19:36:11+00:00

Hi, i need help coding a strategy having following rules: from H1 open if price moves 5 points either direction. If above open=Buy 1 contract, if below open=short 1 contract set target and SL 10 points

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09/15/2020 at 8:36 PM #144377 quote
ullle73
Participant

Senior
Hi, i need help coding a strategy having following rules:
1. from H1 open
2. if price moves 5 points either direction. If above open=Buy 1 contract, if below open=short 1 contract
3. set target and SL 10 points
09/15/2020 at 9:04 PM #144379 quote
robertogozzi
Moderator

Legend
There you go (not tested):
```
Timeframe(1h,UpdateOnClose)
c = close
Timeframe (default)
Buy 1 Contract at c + 5 Stop
Sellshort 1 Contract at c - 5 Stop
Set Target pProfit 10
Set Stop    pLoss   10
```
Nicolas and ullle73 thanked this post
09/16/2020 at 8:09 AM #144382 quote
Nicolas
Keymaster

Legend
I would recommend to adapt 5 with the pointsize, if it is not equal to 1:
```
Timeframe(1h,UpdateOnClose)
c = close
Timeframe (default)
Buy 1 Contract at c + 5*pointsize Stop
Sellshort 1 Contract at c - 5*pointsize Stop
Set Target pProfit 10
Set Stop    pLoss   10
```
robertogozzi, MAKSIDE and ullle73 thanked this post
09/16/2020 at 9:37 AM #144390 quote

ullle73
Participant

Senior

thanks you guys!

im getting this problem (see attachment) and if i disable tick it shows insanly good result, does not seem right?

tick.jpg

09/16/2020 at 9:45 AM #144395 quote

Mauro T. “Algorithm System”
Participant

Master

You have a stop loss too close to the market entry …. do a test by further distancing the stop.

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09/16/2020 at 9:48 AM #144397 quote

Mauro T. “Algorithm System”
Participant

Master

It must process too much tick by tick data

ullle73 thanked this post

09/16/2020 at 11:48 AM #144419 quote

ullle73
Participant

Senior

thanks!

can someone please add time restriction, trading hours between 8-11

09/16/2020 at 11:53 AM #144422 quote
robertogozzi
Moderator

Legend
There you go:
```
Timeframe(1h,UpdateOnClose)
c = close
Timeframe (default)
IF time >= 080000 AND time <= 110000 THEN
   Buy 1 Contract at c + 5*pointsize Stop
   Sellshort 1 Contract at c - 5*pointsize Stop
   Set Target pProfit 10
   Set Stop    pLoss   10
ENDIF
```
TIME is the time when a bar closes. If you want to refer the time it opens use OPENTIME, instead.

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09/16/2020 at 10:58 PM #144483 quote

ullle73
Participant

Senior

thanks alot!! one last thing, if i want to add that it closes all position after 17,30, how to add that code?

09/17/2020 at 1:28 AM #144484 quote
robertogozzi
Moderator

Legend
Add this as the first line:
```
DEFPARAM FlatAfter = 173000
```
or you can use these common lines:
```
If Time >= 173000 and OnMarket Then
   Sell at Market
   Exitshort at Market
Endif
```
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