How to Retrace?

• 06/23/2022 at 8:38 AM #195911 Report
  deltasystem

  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!

  

  deltasystem

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  06/25/2022 at 10:40 AM #196073 Report
  JS

  How to Retrace

  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

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  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

   

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  deltasystem, Midlanddave

  

  JS

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