NEED HELP TO CODE THE OIL BREAKOUT SYSTEM

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    Posts
  • 11/18/2016 at 5:58 PM #16785 quote
    GAMMA
    Participant
    Junior

    WE NEED HELP TO CODE , 

    OIL/NGAS / TIME 9.00  END2.00  @5 MIN OPEN RANGE   FOR OIL/GAS

    WHEN THE PRICE GO 8 TICK UP OR DOWN AND STAY THERE FOR 2.50 MIN  . THEN A BUY AND SELL ORDER PLACE

    LOT 2

    NO TRADE ON WED DAY  TILL 10.35 AM

    STOP LOSS 15 TARGET 2

     

     

     

    11/18/2016 at 6:00 PM #16786 quote
    GAMMA
    Participant
    Junior

    SORRY STOP LOSS 15/ TARGET  IS25

    11/18/2016 at 11:06 PM #16792 quote
    Wing
    Participant
    Veteran

    On a 5-minute timeframe, you can’t check whether a price stays somewhere for 2.5 min, only in increments of 5 min can you check this.

     

     

    11/18/2016 at 11:16 PM #16793 quote
    GAMMA
    Participant
    Junior

    it was just to make sure the no false breakout, it can be 5 min 

    thank you for your advise 

    p.s i took from the book of mark a fisher  he was floor trader at nymex

    11/18/2016 at 11:44 PM #16794 quote
    Wing
    Participant
    Veteran

    Alright, maybe here is a code you can try. Note that you might need to change “8” to really be 8 ticks.

    timech=090500
if dayofweek=3 then
timech=103500
endif

if time=timech then
if close>close[1]+8 then
buy 1 lot at market
endif
if close<close[1]-8 then
sellshort 1 lot at market
endif
endif

if time>=140000 then
sell at market
exitshort at market
endif

set stop loss 15
set target profit 25

     

    Nicolas thanked this post
    11/20/2016 at 11:10 AM #16822 quote
    Nicolas
    Keymaster
    Master
    Thanks a lot Wing for helping coding GAMMA’s request. As you said, to adapt the number “8” to be more universal for every instruments, you can multiply it with “ticksize”, like this: 
    if close>close[1]+8*ticksize then
    11/20/2016 at 4:36 PM #16851 quote
    GAMMA
    Participant
    Junior

    wing, thank you very much it was great, I will like to add some more on Monday .

    11/20/2016 at 9:12 PM #16866 quote
    GAMMA
    Participant
    Junior

    HERE IS SOME WAY WE CAN CONTROL THE FALSE BREAOUT

    A. HIGH+LOW+CLOSE  DIVIDED BY 3

    B. HIGH+LOW DIVIDED BY 2

    C . A-B=

    D. C+ A AND THEN C- A

    THIS IS CALLED DAILY PIVOT RANGE/ IF THE  PREVIOUS DAY CLOSE WAS ABOVE TODAY DAILY PIVOT RANGE IT BULLISH

    11/20/2016 at 9:14 PM #16867 quote
    GAMMA
    Participant
    Junior

    IF IT CLOSE BELOW TODAY DAILY PIVOT RANGE THEN IS  BEARISH

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NEED HELP TO CODE THE OIL BREAKOUT SYSTEM


ProOrder: Automated Strategies & Backtesting

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GAMMA @gamma Participant
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This topic contains 8 replies,
has 3 voices, and was last updated by GAMMA
9 years, 3 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 11/18/2016
Status: Active
Attachments: No files
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