I have made some code that returns no results in back testing. I use the 1Hr time frame and I want to buy in the next hour at a retracement level half way of the previous candle (high to low).

To get the mid point of the previous candle I believe I use the MedianPrice[1] entry… please correct me if I am wrong.

What I can’t figure out is how do I define the current price in the code… the best I can find (searching) is someone said use Close to define the current live price. So if I said open a position when Close = MedianPrice[1] does that mean it will open the position at the mid point of the previous candle? When I back test this and get no results, is that because the back test takes Close as being the close of the candle (which statistically would practically never equal the prior candle mid-point), but when running live will this actually buy in at the point I want, not the candle close at the end of the hour? … or have I got this completely messed up!

// Define variables
EntryPrice = MedianPrice[1]
LongCandle = Close[1] > Open[1]
ShortCandle = Close[1] < Open[1]
Capital = 1000
Equity = Capital + StrategyProfit
PositionSize = round(Equity/1000)
// Conditions to enter long positions
IF CurrentDayOfWeek <> 0  AND IntradayBarIndex = 1 AND LongCandle AND Close = EntryPrice AND NOT LongOnMarket THEN
BUY PositionSize CONTRACTS AT MARKET
ELSE
// Conditions to enter short positions
IF CurrentDayOfWeek <> 0  AND IntradayBarIndex = 1 AND ShortCandle AND Close = EntryPrice AND NOT ShortOnMarket THEN
SELLSHORT PositionSize CONTRACTS AT MARKET
ENDIF
ENDIF
// Stops and targets : Enter your protection stops and profit targets here
SET STOP LOSS AverageTrueRange[120]
SET TARGET PROFIT 1.5*AverageTrueRange[120]