How to buy one contract above pre-market high?

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

Junior
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
```
03/04/2023 at 10:52 AM #210870 quote
robertogozzi
Moderator

Legend
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
```
or (which seems to be a better choice):
```
c2 = time=150000
```
Of course you will have to add a condition to exit a trade, or it will remain open forever.
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How to buy one contract above pre-market high?

ProOrder: Automated Strategies & Backtesting

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Author

Mikael K @mikael-k Participant

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This topic contains 1 reply,
has 2 voices, and was last updated by robertogozzi
3 years, 6 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	03/03/2023
Status:	Active
Attachments:	No files

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