Need a little help with my code of open breakout on SAF40

• 08/27/2019 at 9:11 PM #105675
  Lombard974

  Hello Can someone please assist me with my code..
  I run it on South african 40.. But I want it to open a buy or sell when it breaks the high or low of the 8:55 candle on 5 min chart.
  I dont know how to change the code so that when price moves past the high or past the low it opens a order in that direction. So far all i could put together is this code below ehich opens a trade once the candle closes but i want it to place a trade in the candle thats busy breaking high or low not after close.

  Please help me change the code to be able to do it.

  DEFPARAM CumulateOrders = false DEFPARAM FLATBefore = 084500 //09:00 DEFPARAM FLATAfter = 210000 //21:00 DEFPARAM PreLoadBars = 2000 ONCE nLots = 15 ONCE MaxPrice = 999999 ONCE MinPrice = 0 starttime = 090000 SET STOP LOSS 150 IF time = starttime THEN MaxPrice = highest[1](high) //Il massimo/minimo delle ultime 12 barre MinPrice = lowest[1](low) // (ogni ora = 12 barre da 5 minuti) ENDIF //************************************************************************ // trailing stop function trailingstart = 20 //5 trailing will start @trailinstart points profit trailingstep = 60 //5 trailing step to move the "stoploss" // //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN newSL = tradeprice(1)+trailingstep*pipsize ENDIF //next moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*pipsize ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THEN newSL = tradeprice(1)-trailingstep*pipsize ENDIF //next moves IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN newSL = newSL-trailingstep*pipsize ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF //************************************************************************ // LONG a1 = close > MaxPrice IF a1 THEN Buy nLots CONTRACT AT MARKET MaxPrice = 999999 MinPrice = 0 ENDIF // SHORT b1 = close < MinPrice IF b1 THEN Sellshort nLots CONTRACT AT MARKET MaxPrice = 999999 MinPrice = 0 ENDIF if countofposition = 1 then buy 1 contract at tradeprice + 50 stop endif if countofposition = -1 then sellshort 1 contract at tradeprice - 50 stop endif

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76

  DEFPARAM CumulateOrders = false DEFPARAM FLATBefore     = 084500                         //09:00 DEFPARAM FLATAfter      = 210000                         //21:00 DEFPARAM PreLoadBars    = 2000 ONCE nLots              = 15 ONCE MaxPrice           = 999999 ONCE MinPrice           = 0 starttime = 090000     SET STOP LOSS 150 IF time = starttime THEN MaxPrice = highest[1](high)                          //Il massimo/minimo delle ultime 12 barre MinPrice = lowest[1](low)                            //   (ogni ora = 12 barre da 5 minuti) ENDIF //************************************************************************ //     trailing stop function trailingstart = 20    //5    trailing will start @trailinstart points profit trailingstep  = 60    //5    trailing step to move the "stoploss" // //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN newSL = tradeprice(1)+trailingstep*pipsize ENDIF //next moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*pipsize ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THEN newSL = tradeprice(1)-trailingstep*pipsize ENDIF //next moves IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN newSL = newSL-trailingstep*pipsize ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF //************************************************************************ //                           LONG a1 = close > MaxPrice IF a1 THEN Buy nLots CONTRACT AT MARKET MaxPrice = 999999 MinPrice = 0 ENDIF //                           SHORT b1 = close < MinPrice IF b1 THEN Sellshort nLots CONTRACT AT MARKET MaxPrice = 999999 MinPrice = 0 ENDIF if countofposition = 1 then buy 1 contract at tradeprice + 50 stop endif   if countofposition = -1 then sellshort 1 contract at tradeprice - 50 stop endif

   

  

  Lombard974

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  08/27/2019 at 11:34 PM #105690
  robertogozzi

  Replace lines 58 and 66 with pending orders, instead of at-market orders:

  Buy nLots CONTRACT AT MaxPrice STOP

  1	Buy nLots CONTRACT AT MaxPrice STOP

  Sellshort nLots CONTRACT AT MinPrice STOP

  1	Sellshort nLots CONTRACT AT MinPrice STOP

  In this case you won’t even need lines 56-57, 59-61, 64-65 and 67-69.

  

  robertogozzi

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  08/29/2019 at 7:40 AM #105793
  Lombard974

  Hi Roberto

  Thanks for the help.. Now it buying at the right place  but It keeps on placing orders through the day. I just want it to do on 1 trade per day.. Just the 9 O clock trade en when it closes it must do nothing for the rest of the day. Can you help me with this?

   

  Thanks

  

  Lombard974

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  08/29/2019 at 8:17 AM #105795
  robertogozzi

  At line 10 add:

  IF OnMarket THEN MaxPrice = -1 MinPrice = -1 ENDIF

  1 2 3 4

  IF OnMarket THEN    MaxPrice = -1    MinPrice = -1 ENDIF

  This should do, since no trade will ever enter at a negative price. Next morning, AT STARTTIME new values will be set to start trading again.

  

  robertogozzi

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  08/29/2019 at 8:52 AM #105797
  Vonasi

  You don’t say what time frame you are running this on. In one of your other similar topics you were asking for one pending order to be cancelled if the other one is filled. In the code you have posted here are you aware that if you run it on a say a 15 minute time frame then you will have both orders on the market at the same time and if one is filled the other one will still be on the market until the current fifteen minute bar closes? This means that at volatile times you could open a long and then have it close with a short order fill before the fifteen minute candle closes.

  

  Vonasi

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  08/29/2019 at 9:50 AM #105809
  robertogozzi

  With that SL & TP it’s quite difficult that an order opens and closes on the same bar.

  

  robertogozzi

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  08/29/2019 at 10:52 AM #105815
  Vonasi

  My comments weren’t really regarding TP and SL but I now see that I misread the code and it is actually only placing one pending order at a time and not the two that I thought it was. Totally my mistake for mixing up topics by Lombard974.

  

  Vonasi

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  08/29/2019 at 12:32 PM #105823
  Lombard974

  Thank you guys for the reply.. The code I put together here was a mix of a few forums.. I am running it on 5 min time frame.. I dont want it to place 2 pending orders anymore just open a trade when 5 min candle breaks the high or low at 8:55.  The code above opens a trade but waits for the close of the first 5min candle 9:05. But thats sometimes a little late.. some trades on SAF40 I close manually 9:02 because price moved fast.. So this is what I am aiming for- High low break of 8:55 candle when market opens at 9:00. Then it must place no other trades- So far the code and trailing works well but if i can get it to activate a trade before the 9:05 candle closes the profit potential is allot higher.
  I will try the above suggestions.

  Thanks

  

  Lombard974

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