Highest price

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    Posts
  • 04/11/2017 at 8:19 AM #31692 quote
    Mikael Sjöblom
    Participant
    New
    
DEFPARAM PreLoadBars = 0
DEFPARAM FlatAfter = 215500
If (currenttime=160000) then
entry=1
else
entry=0
endif

// Conditions to enter long positions
IF NOT LongOnMarket AND entry=1 THEN
BUY 1 CONTRACTS AT MARKET
ENDIF

    I wanna backtest a open drive failure strategy. I have managed to get the time entry condition to work but can’t seem to find a way to entry only if the opening price at 15:30 is

    the highest at 16:00 since 15:30. I also wanna know if it is possible to set my target to the opening price of the 15:30 bar.

    To clarify:

    1: Is there a code to only entry the trade if 15:30 open is still the highest point in the last half hour?

    2: Is it possible to set my target to the opening price of the 15:30 bar?

    04/11/2017 at 10:14 AM #31695 quote
    Elsborgtrading
    Participant
    Veteran

    Hi Mikael I am not sure I understand you correctly about the opening at 15:30 but for the highest price between 15:30 and 16:00 you would need to run it on a specific timeframe- let say 15 min

    it could be something like this- I didn’t test it though

    cheers Kasper

    if current time >=160000 and current time <=161500
tradetime=1 
else
tradetime=0
endif
myhigh= highest[2]high (close)

if tradetime and open>myhigh then
buy 1 contract at market
endif
    04/11/2017 at 12:06 PM #31708 quote
    Mikael Sjöblom
    Participant
    New

    Hello! What I mean when I said opening at 15:30 is the opening price of the 15:30 bar. I look to use this strategy at the US opening in Sweden.

    I tried  to use the code you gave me and I think your are onto something but i get an error on 1 and 3. I tried to add “then after 161500 on line 1 but still gets the error.

    I will look at it more this tonight but I appreciate you reply.

    Cheers

    04/12/2017 at 12:54 PM #31858 quote
    Elsborgtrading
    Participant
    Veteran

    Hi, it was a syntax error. I was not near PRT but wrote it from memory.. (not selling myself very well here- I know :-))

     

    try this

    if currenttime >=160000 and currenttime <=161500 then
tradetime=1
else
tradetime=0
endif
myhigh= highest[2](high)//is the highest"high" from the last two periods- which is 30 min- hence the 15 min timeframe. adjust accordingly

if tradetime and open>myhigh then
buy 1 contract at market
endif
    Mikael Sjöblom thanked this post
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Highest price


ProOrder: Automated Strategies & Backtesting

New Reply
Author
author-avatar
Mikael Sjöblom @mikael_sjoblom Participant
Summary

This topic contains 3 replies,
has 2 voices, and was last updated by Elsborgtrading
8 years, 11 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 04/11/2017
Status: Active
Attachments: No files
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