need help for conditional entry

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  • 03/02/2022 at 10:28 PM #189213 quote
    Swisspatrick
    Participant
    New

    hi! I am having difficulties to implement an index based strategy and need help. It’s not about the pattern, but about the conditional entry that I need help.

    Setup of the pattern could be like

    1. take any condition to be true for the pattern today, e.g. high-low > 5
    2. when the pattern is true today, enter long tomorrow (and only tomorrow), but only when tomorrow’s high is higher than today’s high.

    The condition under 2) is like a stop-entry.

    Would be thankful if any of you could guide me with a very short code structure given the info above. Thank you.

    03/03/2022 at 3:37 PM #189264 quote
    robertogozzi
    Moderator
    Master

    There you go:

    PatternToday = range > 5*PipSize   //range = high - low
IF high > high[1] AND PatternToday[1] AND Not OnMarket THEN
   BUY 1 CONTRACT AT MARKET
ENDIF
    Midlanddave thanked this post
    04/04/2022 at 11:22 AM #191154 quote
    Swisspatrick
    Participant
    New

    Dear Roberto,

    thank you for your reply. It worked well and I would like to enhance it.
    What do you need to add to:

    • trigger a buy only if the pattern happened in the last 3 bars
    • as the entry condition, take the high on the day when the pattern happened (which can be any of the 3 days)

    thank you ahead.

    04/04/2022 at 4:00 PM #191188 quote
    robertogozzi
    Moderator
    Master

    There you go:

    PatternToday = range > 5*PipSize   //range = high - low
IF PatternToday THEN
   EntryPrice = HIGH
ENDIF
IF high > EntryPrice AND Summation[3](PatternToday) AND Not OnMarket THEN
   BUY 1 CONTRACT AT MARKET
ENDIF
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need help for conditional entry


ProOrder: Automated Strategies & Backtesting

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Swisspatrick @swisspatrick Participant
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This topic contains 3 replies,
has 2 voices, and was last updated by robertogozzi
3 years, 10 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 03/02/2022
Status: Active
Attachments: No files
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