How to buy one contract above pre-market high?

• 03/03/2023 at 6:16 PM #210861
  Mikael K

  Hi!

  I want to buy one contract in the DOW when it breaks above the high of the pre-market (high of 13:00-14:00 in my time zone). I only want it to take one order and tried using tradeindex, but now it is not taking any order. Help would be greatly appreciated!

  I have tried:

  defparam cumulateorders=false // breakout on DOW take one order per day after 14:00 at the high of the 13:00-14:00 hour bar timeframe(1hour) c1 = (longonmarket=0) c2 = time>140000 and time<150000 c3 = high[1] c4 = tradeindex=0 if c1 and c2 and c3 and c4 then buy 1 contract at c3 stop endif Sincerely /Mikael

  1 2 3 4 5 6 7 8 9 10 11 12 13

  defparam cumulateorders=false // breakout on DOW take one order per day after 14:00 at the high of the 13:00-14:00 hour bar timeframe(1hour) c1 = (longonmarket=0) c2 = time>140000 and time<150000 c3 = high[1] c4 = tradeindex=0 if c1 and c2 and c3 and c4 then buy 1 contract at c3 stop endif   Sincerely /Mikael

  

  Mikael K

  Participant

  Topics: 7

  Replies: 17

  Been thanked: 0 times
  03/04/2023 at 10:52 AM #210870
  robertogozzi

  The 1-hour timeframe executes strategies only once in an hour, 13, 14, 15, etc… so there can’t be any time >14 and <15.

  Line 5 should read either:

  c2 = time>=140000 and time<=150000

  1	c2 = time>=140000 and time<=150000

  or (which seems to be a better choice):

  c2 = time=150000

  1	c2 = time=150000

  Of course you will have to add a condition to exit a trade, or it will remain open forever.

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17524

  Been thanked: 4278 times
• Author
  Posts