How to activate BUY/SELL at specific pivot point?

• 10/16/2018 at 9:49 PM #82929
  dunc1n

  Me again guys,

   

  Im looking for a very simple code to get me started understanding coding, and the language.

  To get me started, all I am after is a small code that BUYS (target 10 pips, stop 10 pips) when it comes DOWN from above and hits the daily pivot S1.

  I will be needing one that SELLS when it comes UP and touches the daily pivot R1 too, but Im hoping to do that one myself using the above code that I will hopefully get from you guys.

   

  Thanks guys

  

  dunc1n

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  10/18/2018 at 7:57 AM #83047
  Nicolas

  The codes found in the topic below should give you some hints on how to make it:

  Automated trading with Pivot Points and Dojis

  Basic pivot point intraday trading strategy

  etc.

  Just ask if you are still in trouble to get things working! 🙂

   

  

  Nicolas

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  10/18/2018 at 11:30 AM #83073
  dunc1n

  Thanks mate, but Im still struggling.

  The codes are full of language that I dont understand. 🙁 This is why I was wanting some sort of newbies course that teaches you the basics. I have tried taking an existing code and altering it, but I have no idea what anything means.

  Everything seems to be crosses over, or crosses under!? All I require at the moment is how to write a code to trigger a BUY if the price hits a specific pivot point (lets say S2 for example).

  What would a basic code like this look like?

   

  Thanks guys

  

  dunc1n

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  10/18/2018 at 12:55 PM #83089
  Nicolas

  The below code is a basic strategy, since you want to sellshort a price level that is above the current close, you need to set a pending LIMIT order at this price level:

  defparam cumulateorders=false Ht = DHigh(1) Bs = DLow(1) C = DClose(1) Pivot = (Ht + Bs + C) / 3 //Res3 = Res1 + (Ht - Bs) Res2 = Pivot + Ht - Bs //Res1 = (2 * Pivot) - Bs //Sup1 = (2 * Pivot) - Ht //Sup2 = Pivot - (Ht - Bs) //Sup3 = Sup1 - (Ht - Bs) if not onmarket and close<res2 then sellshort at Res2 limit endif

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17

  defparam cumulateorders=false   Ht = DHigh(1) Bs = DLow(1) C = DClose(1)   Pivot = (Ht + Bs + C) / 3 //Res3 = Res1 + (Ht - Bs) Res2 = Pivot + Ht - Bs //Res1 = (2 * Pivot) - Bs //Sup1 = (2 * Pivot) - Ht //Sup2 = Pivot - (Ht - Bs) //Sup3 = Sup1 - (Ht - Bs)   if not onmarket and close<res2 then sellshort at Res2 limit endif

   

  

  Nicolas

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  10/18/2018 at 1:29 PM #83098
  dunc1n

  Ok thanks, so I presume the first half of the code is programming in the pivot R2?

  But I’m just a little confused at the second part. What does the “onmarket” mean?

  Also, when you say I need to set a limit order, does the code do that for me? Or does it need to be set manually?

   

  Thanks again

  

  dunc1n

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  10/18/2018 at 2:58 PM #83109
  Nicolas

  “not onmarket” means that we need no current order at market to set the new pending order. And yes, the code already set the limit order at line 16. We ask the broker to put a SELLSHORT (limit order type) at Res2 price.

  

  Nicolas

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  10/18/2018 at 7:20 PM #83140
  dunc1n

  Excellent thanks, so how do I set the amount per point and the stop?

  Also, how would you set the limit order to be like 2 or 3 pips BEFORE the R2?

   

  Thanks

  

  dunc1n

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  10/18/2018 at 7:28 PM #83142
  dunc1n

  Oh, one more thing…. How do I tell the system to only execute once per day i.e. once it’s triggered once (being win or lose), I don’t want it to execute the trade again for the rest of that day

   

  Thanks

  

  dunc1n

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  10/18/2018 at 9:15 PM #83147
  Vonasi

  A lot of answers can be found here:

  https://www.prorealcode.com/prorealtime-documentation/

  Also if you use the search box that appears if you click on the down arrow next to your avatar in the top right corner you will find that a lot of the questions you may want to ask have already been answered before – it can sometimes be much faster than waiting for an answer!

  

  Vonasi

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  10/19/2018 at 8:06 AM #83159
  Nicolas

  dunc1n wrote:

  how do I set the amount per point and the stop? Also, how would you set the limit order to be like 2 or 3 pips BEFORE the R2?

   

  sellshort 1 contract at Res2-2*pointsize limit

  1	sellshort 1 contract at Res2-2*pointsize limit

  A sellshort pending order of 1 contract, is set 2 points below the Res2 price level.

  

  Nicolas

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