Identify candle direction

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  • 10/22/2019 at 2:44 PM #110839 quote
    pablojml
    Participant
    New

    Hello forum,

    I’m new at this with no coding experience, I’m trying to sort out the code for the simple logic below. Could someone help with this?

    1. Is close of the candle for a 30m or 15min period above or below open
    2. If above, then place a buy order for x amount with a specific SL and Limit
    3. If below, then place a sell order for x amount with a specific SL and Limit

    Much appreciated!

    Regards,

    Pablo.

    10/22/2019 at 2:53 PM #110840 quote
    Vonasi
    Moderator
    Master

    pablojml – Your question is strategy related. The place for strategy questions is the ProOrder forum and not the PrScreener forum. I will move your post to the correct forum.

    Please post in the correct forum with future posts.

    10/22/2019 at 3:54 PM #110856 quote
    robertogozzi
    Moderator
    Master

    There you go:

    Offfset = 20 * pipsize
IF close > open THEN
   BUY 1 CONTRACT AT close + Offset STOP
ELSIF close < open THEN
   SELLSHORT 1 CONTRACT AT close - Offset STOP
ENDIF
SET TARGET PPROFITO 50
SET STOP   PLOSS    50
    10/22/2019 at 7:27 PM #110894 quote
    pablojml
    Participant
    New

    Thanks Roberto,

    I’m struggling to understand what the offset does in this code. And what is the difference between these two:

    Buy 1 CONTRACTS AT MARKET

Buy 1 CONTRACTS AT close

    If the code is testing if opening is above or below close, then “AT MARKET” should do the trick no? as it will be comparing precisely at close and buying/selling at the start of the next candle.

    Also, forgot to add if I wanted to test 1 specific candle of the day at one specific hour, how can I add this to the code?

    Regards,

    Pablo.

    10/22/2019 at 7:31 PM #110896 quote
    robertogozzi
    Moderator
    Master

    Offset is what you meant by X, a displacement or distance from the price.

    Otherwise what amount was your X?

    As for the time:

    IF time = 090000 THEN
  .
  .  //here you need to put all the code you want to be executed at the desired time
  .
ENDIF
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Identify candle direction


ProOrder: Automated Strategies & Backtesting

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pablojml @pablojml Participant
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This topic contains 4 replies,
has 3 voices, and was last updated by robertogozzi
6 years, 4 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 10/22/2019
Status: Active
Attachments: No files
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