Hello, I am looking to automate a daily position taking but I have no coding knowledge.
The parameters looked like this:
- Calculate the price variation in % between yesterday’s 09:05 closing and today’s 9:00 opening.
—> If the variation is greater than 0.5% then take a buy on the market instantly with 1% of the capital (100 pts of SL / 100 pts of TP)
—> If the variation is less than -0.5% then take a short on the market instantly with 1% of the capital (100 pts of SL / 100 pts of TP)
I would need the position taking to be done as soon as the 9:00 candle appears, as close as possible to the open to fit with my manual backtests.
Example:
Close at 9:05 on 07/25th is at 39856
Open at 9:00 on 07/26th is at 40082
= a variation of +0.56%, the bot must long instantly in this case because we are above the 0.5% variation requested to enter a position.
Thank you in advance for your valuable help.
There you go:
ONCE myCapital = 10000
ONCE Open0900 = open
ONCE Close0905 = Open0900
ONCE PClimit = 0.5
IF OpenTime = 090000 THEN
Open0900 = open
ENDIF
myVar = Close0905 - Open0900
varPC = 100 - (Open0900 * 100 / Close0905)
Money = 100 * PipValue
Equity = myCapital + StrategyProfit
temp = Money * 100 / Equity
LotSize = 1 / temp
IF (varPC > PClimit) AND Not LongOnMarket THEN
BUY LotSize CONTRACTS AT MARKET
ELSIF (varPC < -PClimit) AND Not ShortOnMarket THEN
SELLSHORT LotSize CONTRACTS AT MARKET
ENDIF
SET STOP pLOSS 100
SET TARGET pPROFIT 100
IF Time = 090500 THEN
Close0905 = close
ENDIF
// --- debugging code
//graphonprice Open0900 coloured("Blue")
//graphonprice Close0905 coloured("Fuchsia")
//graph myVar
//graph varPC
//graph LotSize
//graph temp
Thx to ur help dear Roberto, but don’t sure the code work because on ProBacktest not give me datas.
Hope u can help me to understand why. Best regards
Check that your timeframe is <= 5 minutes, as the candle involved must close on the minute (in your case 00 ans 05) used in the code.
hi Roberto, i’ve test with 1 minutes timeframe and others and have same thing like above (no datas on many years of graphic) . That work on your prorealtime ?
It depends on the variable LotSize, I changed it so that it cannot fall below 0.5 lots (if it still doesn’t work try 1, instead of 0.5):
LotSize = max(0.5,1 / temp)
Thanks Roberto but I’m sorry I tried everything with my meager knowledge and nothing works. I haven’t data with the code :s
With this line 16, it works on all assets/instruments (using both 1-minute and 5-minute TFs):
LotSize = max(1,1 / temp)
Hi Roberto, i’ve send u an email on your personal website, have u receive it ?
Yes, it works like a charm.
