missing code for closing order @ next bar open

• 08/13/2018 at 1:21 PM #78080
  Marc

  Hi together,

  I’d like to close a position at the open of the next bar. As i found out nextbaropen can not be used to close positions. Am I right?

  Perhaps somebody can help me with the snippet.

  DEFPARAM CumulateOrders = FALSE A = ABS(Dclose(1))-ABS(Dopen(1)) //inner Range B = ABS(dhigh(1))-ABS(Dlow(1)) //outer Range C = 0.25 //Faktor n = 1//Lotsize // Conditions to enter long positions IF NOT LongOnMarket AND CLOSE > OPEN AND (A/B) < C THEN BUY 1 SHARES AT HIGH STOP ENDIF // Conditions to exit long and short positions IF LongOnMarket THEN SELL n SHARES AT NextBarOpen ENDIF // Conditions to enter short positions IF NOT LongOnMarket AND CLOSE < OPEN AND (A/B) < C THEN SELLSHORT n SHARES AT LOW STOP ENDIF // Conditions to exit short long positions IF ShortOnMarket THEN EXITSHORT AT NextBarOpen ENDIF

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  DEFPARAM CumulateOrders = FALSE   A = ABS(Dclose(1))-ABS(Dopen(1)) //inner Range B = ABS(dhigh(1))-ABS(Dlow(1)) //outer Range   C = 0.25 //Faktor n = 1//Lotsize   // Conditions to enter long positions IF NOT LongOnMarket AND CLOSE > OPEN AND (A/B) < C THEN BUY 1 SHARES AT HIGH STOP ENDIF   // Conditions to exit long and short positions IF LongOnMarket THEN SELL n SHARES AT NextBarOpen ENDIF   // Conditions to enter short positions IF NOT LongOnMarket AND CLOSE < OPEN AND (A/B) < C THEN SELLSHORT n SHARES AT LOW STOP ENDIF   // Conditions to exit short long positions IF ShortOnMarket THEN EXITSHORT AT NextBarOpen ENDIF

   

  

  Marc

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  08/13/2018 at 2:12 PM #78081
  Vonasi

  All you need is:

  if onmarket then sell at market exitshort at market endif

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  if onmarket then sell at market exitshort at market endif

   

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  Marc

  

  Vonasi

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  08/13/2018 at 4:19 PM #78088
  Marc

  Here is the amended code…

  It’s ony working for long positions. Short didn’t work well.

  A = Close[1]-Open[1] //inner Range B = High[1]-Low[1] //outer Range C = y //Faktor n = 1//Lotsize // Conditions to enter long positions IF NOT OnMarket AND (A/B) < C THEN BUY n SHARES AT MARKET ENDIF // Conditions to exit long and short positions IF OnMarket THEN SELL AT Market ENDIF

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  A = Close[1]-Open[1] //inner Range B = High[1]-Low[1] //outer Range C = y //Faktor n = 1//Lotsize   // Conditions to enter long positions IF NOT OnMarket AND (A/B) < C THEN BUY n SHARES AT MARKET ENDIF   // Conditions to exit long and short positions IF OnMarket THEN SELL AT Market ENDIF

  For C =  0,43 worked best

  

  Marc

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  08/13/2018 at 7:31 PM #78099
  Vonasi

  When you say ‘Short didn’t work well’ you mean the strategy not the code.

  If you look at the Wall Street chart then only a fool would try to short it! The trend is your friend! That is your first edge!

  

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  08/13/2018 at 7:52 PM #78100
  GraHal

  Marc wrote:

  // Conditions to exit long and short positions

  IF OnMarket THEN SELL AT Market ENDIF

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  IF OnMarket THEN SELL AT Market ENDIF

  Enter short keyword is SellShort

  Exit short keyword is ExiShort

  Do you need above to get your code working because in the Marc version code you have no SellShort??  (Vonasi version code does have SellShort / ExitShort).

   

  

  GraHal

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  08/13/2018 at 8:15 PM #78102
  Vonasi

  I think GraHal that he means that he has removed the short side of the strategy because it does not work on the DJI. Which is not surprising if you look at the DJI chart – low on the left and high on the right and virtually a straight line in between!

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  08/13/2018 at 8:22 PM #78104
  Marc

  Hi GraHal,

   

  I forgot to delete or amend the phrase after //.

  This strategy currently works only for long positions and doesn’t allow short positions…

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  Marc

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  08/13/2018 at 8:26 PM #78105
  Marc

  This system shall refer a litle bit to Andrea Unger’s pattern strategy. The biggest difference is that the rules for this strategy here enters market orders and not orders at high or low…

  Perhaps I will add a MA for trend direction

  

  Marc

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  08/14/2018 at 2:02 PM #78148
  Marc

  Hi together,

  I have a suggestion regarding this system…perhaps somebody can help me amending this code.

  I thought about following thing.
  Each day I have a reference candle for example at 8 o’clock.
  I enter a long trade (either at market or as High Stop order) when close of a following candle is above open of reference candle and range of High and Low is bigger compared with Open and Close (bigger than variable factor)
  I enter a short trade (either at market or as Low Stop order) when close of a following candle is below open of reference candle and range of High and Low is bigger compared with Open and Close (bigger than variable factor)

  Exit shall be at open of next bar Open or Close of current bar after order was placed.

   

  Can anybody help me?

   

  Thank you in advance

  Marc

  

  Marc

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  08/16/2018 at 2:06 PM #78371
  Nicolas

  Hi Marc, I think that it could be a good idea to learn to code a bit. What you request is easy to add to your strategy.

  Learn to program for ProRealTime

  

  Nicolas

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