NEED HELP TO CODE THE OIL BREAKOUT SYSTEM

GAMMA · 2016-11-18T16:58:56+00:00

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

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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

Legend
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, 10 months ago.

Topic Details

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