Instantaneous Entries, Not Wait til Close

• 03/31/2022 at 10:04 AM #190840
  scoot3r83

  Hi,

  I am writing a strategy where I wish the matching of parameters to be monitored and acted on instantaneously. Currently no entries occur until the close of the current candle occurs and moves to the next bar.

  Is there a way to have the strategy to act on parameters as they occur for example, if a 6ema and 10ema crossed, have the entry to occur at that moment rather than waiting til the candle closes and then having to take a much higher or lower close price?

  

  scoot3r83

  Participant

  Topics: 9

  Replies: 14

  Been thanked: 1 time
  03/31/2022 at 10:17 AM #190842
  GraHal

  All code is read at end of each bar and the trade opened at the beginning of the next bar (few milliseconds after code is read).

  In order to achieve what you want, you would need to run your ‘EMA Crossing Strategy’ on, for example, 5 min TF and then run the Conditions to execute a Trade on, for example, 5 Sec TF.

  So the ‘trade execute code’ would be checking every 5 secs for a cross in EMA on the 5 min TF (don’t use ‘updateonclose’ on 5 min TF … you will understand after you have read up on MTF).

  Here’s a video which may help you, but there is loads more on this website to help understanding of what MTF is all about.

  https://www.prorealtime.com/en/videos_tutorial/136_create_multi_timeframe_alerts

  1 user thanked author for this post.

  scoot3r83

  

  GraHal

  Participant

  Topics: 222

  Replies: 9220

  Been thanked: 2425 times
  04/27/2022 at 1:20 PM #192322
  Nicolas

  Simple example of a MTF strategy:

  https://www.prorealcode.com/topic/echelle-de-temps-multiples/#post-82039

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20895

  Been thanked: 4838 times
• Author
  Posts