How to Retrace?

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  • 06/23/2022 at 8:38 AM #195911 quote
    deltasystem
    Participant
    New

    can anyone help me out here….

    I want to add to my code that the entry should not be on the open of the next bar according to the following code but only after the opening and after the price has retraced x number of points.
    How would I do this for a long /and short)?

    >IF (c1 AND c2) AND not daysForbiddenEntry THEN
    BUY 1 CONTRACT AT MARKET
    ENDIF

    thankyou!

    06/25/2022 at 10:40 AM #196073 quote
    JS
    Participant
    Senior
    Once OpeningTime = 090000
Once xPoints = 5
Once PositionSize = 1

If Time >= OpeningTime and Not OnMarket then
HighRetracement = High - Close
LowRetracement = Close - Low
If HighRetracement >= xPoints and C1 and C2 then
SellShort PositionSize contracts at Market
ElsIf LowRetracement >= xPoints and C1 and C2 then
Buy PositionSize contracts at Market
EndIf
EndIf

    Hi @deltasystem

    You can use:

    HighRetracement = High – Close

    LowRetracement = Close – Low

    Midlanddave and deltasystem thanked this post
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How to Retrace?


ProOrder: Automated Strategies & Backtesting

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deltasystem @deltasystem Participant
Summary

This topic contains 1 reply,
has 2 voices, and was last updated by JS
3 years, 8 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 06/23/2022
Status: Active
Attachments: No files
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