IF market has a big move

• 04/22/2016 at 7:11 AM #5774
  mikael

  Hi!

  Dose anyone now how to code: IF the instrument you trade goes up 5% one day then dont take trades the day after.

  I would be grateful for any help 🙂

   

  

  mikael

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  04/22/2016 at 8:18 AM #5780
  Nicolas

  Hello mikael,

  That’s pretty easy. First look for the variation from yesterday:

  var = 100-(DCLOSE(1) / DCLOSE(2))*100

  1	var = 100-(DCLOSE(1) / DCLOSE(2))*100

  Then test the “var” variable if it’s superior to your threshold (5% here), if so, then define the variable “allowtrade” to 0:

  if ABS(var)>5 then allowtrade = 0 else allowtrade = 1 endif

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  if ABS(var)>5 then allowtrade = 0 else allowtrade = 1 endif

  Then you can test this variable in your order launch conditions (example):

  IF buycondition AND allowtrade=1 THEN BUY 1 SHARE AT MARKET ENDIF

  1 2 3

  IF buycondition AND allowtrade=1 THEN BUY 1 SHARE AT MARKET ENDIF

  Tell me if it does the trick! 🙂

  

  Nicolas

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  04/22/2016 at 4:11 PM #5827
  mikael

  Thanks! It works :). I had thought about something like that but I couldn’t put it together.

  

  mikael

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