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

Legend
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

Legend
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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