How to create a breakout box between 2 hours, Code please?

• 05/21/2018 at 3:00 PM #71015
  abacus23

  I have searched this site, gone through the replies by Nicolas, watched the video various times, checked youtube comments and sections, but I can’t seem to find the code for the “How to create a breakout box between 2 hours” ?

  I would then apply the code I was trying to develop, into an automated system.

  I was looking at the 5 minute chart, I was trying to build a breakout box for 11pm-6am. It would reset each day, and show high and low between the set times each day, see indicator below that somebody else wrote, but I have amended;

  if time = 061000 then // x1= barindex[0] // x2 = barindex[86] // yh = highest[86](high) yL=lowest[86](low) drawsegment(x1,yh,x2,yh) coloured (0,0,255) drawsegment(x1,yL,x2,yL) coloured (255,0,0) // set text offset from line os = 4*pipsize drawtext("#yh#",barindex,yh+os,SansSerif,bold,20) coloured(0,0,0) drawtext("#yL#",barindex,yL-os,SansSerif,bold,20) coloured(0,0,0) endif return yh as "hi" ,yL as "Lo"

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  if time = 061000 then // x1= barindex[0] // x2 = barindex[86] // yh = highest[86](high) yL=lowest[86](low) drawsegment(x1,yh,x2,yh) coloured (0,0,255) drawsegment(x1,yL,x2,yL) coloured (255,0,0) // set text offset from line os = 4*pipsize drawtext("#yh#",barindex,yh+os,SansSerif,bold,20) coloured(0,0,0) drawtext("#yL#",barindex,yL-os,SansSerif,bold,20) coloured(0,0,0) endif   return yh as "hi" ,yL as "Lo"

   

  The code would work out the high and low between these times, 11pm-6am, and only trade between 8am and 8pm, it would close all trades at 9pm.

  It would Buy, if the price crosses over the high, by 2 points, or sell, if the price crosses under the low, by 2 points.

  Only 1 buy allowed per day and 1 sell allowed per day.

  Stop loss 15, target 15.

  I have read various topics and codes, it seems fairly straight forward, and is covered in various posts by various people, but not all together, I have tried to piece the codes together, but I can’t seem to make it all work. 🙁

  Any help would be much appreaciated. 🙂

  

  abacus23

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  05/22/2018 at 7:00 AM #71043
  Nicolas

  This is basically, an Open Range Break Out strategy, this could be coded as follows:

  defparam flatafter = 210000 if longonmarket then alreadybuy=1 endif if shortonmarket then alreadysell=1 endif if intradaybarindex=0 then alreadybuy=0 alreadysell=0 endif if time = 061000 then yh = highest[86](high) yL=lowest[86](low) os = 2*pipsize endif tcondition = time>080000 and time<200000 if tcondition then if close<yh+os and not alreadybuy then buy 1 contract at yh+os stop endif if close>yl+os and not alreadysell then sellshort 1 contract at yl-os stop endif endif set stop ploss 15 set target pprofit 15

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  defparam flatafter = 210000   if longonmarket then alreadybuy=1 endif if shortonmarket then alreadysell=1 endif   if intradaybarindex=0 then alreadybuy=0 alreadysell=0 endif     if time = 061000 then yh = highest[86](high) yL=lowest[86](low) os = 2*pipsize endif   tcondition = time>080000 and time<200000   if tcondition then if close<yh+os and not alreadybuy then buy 1 contract at yh+os stop endif if close>yl+os and not alreadysell then sellshort 1 contract at yl-os stop endif endif     set stop ploss 15 set target pprofit 15

   

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  Nicolas

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  05/22/2018 at 9:05 AM #71076
  abacus23

  Nicholas,

  Many thanks for that. 😉

  I knew it was basic for you, just couldn’t write the correct information to tie it all together.

  Thanks again.

  

  abacus23

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  07/05/2018 at 9:42 AM #75269
  abacus23

  Nicholas,

  I have been using the code as above and it’s working well. 😉

  I have been through the pdf’s below, but can’ find what I am looking for.
  

  • Programming Guide – Indicators & Basic Functions (ProBuilder)
  • Programming Guide – Trading Systems (ProBacktest & ProOrder)

  I only want, 1 buy allowed per day and 1 sell allowed per day which is working, but is it possible to insert another piece of code, to amend that slightly.

  As this is a breakout code, would it be possible to code in, that if the buy won, (say hit target) that the sell trade can’t happen and the other way, if the sell won, (say hit target) that the buy trade can’t happen.?

  I can’t see anywhere in the guides anything about this, perhaps it’s not possible?

  Thanks in advance. 😉
  

   

  

  abacus23

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  07/05/2018 at 10:19 AM #75275
  Nicolas

  You can try this modified code: (not tested)

  defparam flatafter = 210000 if longonmarket then alreadybuy=1 endif if shortonmarket then alreadysell=1 endif if intradaybarindex=0 then alreadybuy=0 alreadysell=0 profit=strategyprofit endif if time = 061000 then yh = highest[86](high) yL=lowest[86](low) os = 2*pipsize endif tcondition = time>080000 and time<200000 if tcondition and strategyprofit<=profit then if close<yh+os and not alreadybuy then buy 1 contract at yh+os stop endif if close>yl+os and not alreadysell then sellshort 1 contract at yl-os stop endif endif set stop ploss 15 set target pprofit 15

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  defparam flatafter = 210000   if longonmarket then alreadybuy=1 endif if shortonmarket then alreadysell=1 endif   if intradaybarindex=0 then alreadybuy=0 alreadysell=0 profit=strategyprofit endif     if time = 061000 then yh = highest[86](high) yL=lowest[86](low) os = 2*pipsize endif   tcondition = time>080000 and time<200000   if tcondition and strategyprofit<=profit then if close<yh+os and not alreadybuy  then buy 1 contract at yh+os stop endif if close>yl+os and not alreadysell then sellshort 1 contract at yl-os stop endif endif     set stop ploss 15 set target pprofit 15

   

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  Nicolas

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  07/05/2018 at 11:03 AM #75281
  GraHal

  not trying to be clever 🙂 but lines 13 and 25 need to be changed to something like below  …

  myprofit=strategyprofit if tcondition and strategyprofit<=myprofit then

  1 2 3

  myprofit=strategyprofit   if tcondition and strategyprofit<=myprofit then

   

   

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  GraHal

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  07/05/2018 at 11:43 AM #75293
  Nicolas

  Good point GraHal!! You deserve a glass of fresh Wine .. or do you prefer green tea? 😉

  

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  07/05/2018 at 12:03 PM #75300
  GraHal

  Wine after nine, so coffee be fine … to keep my brain going! 🙂

  Any ideas why I get attached message when I  run the code?

  

  GraHal

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  07/05/2018 at 12:07 PM #75302
  Nicolas

  Because yl and yh are only calculated one time at 06h10 AM

  To avoid the problem, try to change the code with:

  defparam flatafter = 210000 if longonmarket then alreadybuy=1 endif if shortonmarket then alreadysell=1 endif if intradaybarindex=0 then alreadybuy=0 alreadysell=0 myprofit=strategyprofit endif if time = 061000 then yh = highest[86](high) yL=lowest[86](low) os = 2*pipsize endif tcondition = time>080000 and time<200000 if tcondition and strategyprofit<=myprofit and yh>0 and yl>0 then if close<yh+os and not alreadybuy then buy 1 contract at yh+os stop endif if close>yl+os and not alreadysell then sellshort 1 contract at yl-os stop endif endif set stop ploss 15 set target pprofit 15

  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

  defparam flatafter = 210000   if longonmarket then alreadybuy=1 endif if shortonmarket then alreadysell=1 endif   if intradaybarindex=0 then alreadybuy=0 alreadysell=0 myprofit=strategyprofit endif     if time = 061000 then yh = highest[86](high) yL=lowest[86](low) os = 2*pipsize endif   tcondition = time>080000 and time<200000   if tcondition and strategyprofit<=myprofit and yh>0 and yl>0 then if close<yh+os and not alreadybuy  then buy 1 contract at yh+os stop endif if close>yl+os and not alreadysell then sellshort 1 contract at yl-os stop endif endif     set stop ploss 15 set target pprofit 15

   

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  07/05/2018 at 1:39 PM #75324
  abacus23

  Nicholas and GraHal,

  Many thanks for your quick help. 😉

  I will now try and backtest.

  Thanks again.

  

  abacus23

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  07/12/2018 at 8:06 AM #75840
  abacus23

  Nicholas / GraHal

   

  Many thanks for the previous codes, they are working well, I am just a little lost with a trailing stop loss method. 😉

   

  I have seen a stop loss method, as described below, and wondered if this was possible?

   

  I looked through the https://www.prorealcode.com/blog/learning/kinds-trailing-stop-proorder/ but there are so many, I am confused as to which it could be. L

  Original Target Profit in Pips = 100p
  Projected Risk in Pips = -30p

  In this scenario I would place a Hard Stop Loss @ Entry – 30p

  Once the trade has acquired 50% of my Projected Profit {50p}, I will move my SL to risk 20% of those 50p.
  50 x 20% = 10. Thereby Locking in a 40p Profit.

  And continue to Trail my SL @ Max Trade Profit Pips – (Max Trade Profit Pips x 20%)

  I will continue to do this even through my Original Projected Profit in Pips Target of 100p

  eg.
  Up 50p = Risk 10p Locking in 40p Prft.
  Up 80p = Risk 16p Locking in 64p Prft.
  Up 100p = Risk 20p Locking in 80p Prft.
  Up 135p = Risk 27p Locking in 108p Prft.
  Up 200p = Risk 40p Locking in 160p Prft.

   

  Lastly, if I want to select which days of the week for a back-test, where do I insert the code please?

  Say I would like to exclude Tuesday’s, but when I insert the code below in line 2, it doesn’t work.

   

  DayOfWeek[1] DayOfWeek[3] DayOfWeek[4] DayOfWeek[5]

   

  Monday =1

  Tuesday =2

  Wednesday =3

  Thursday =4

  Friday =5

   

  Many thanks in advance.

  

  abacus23

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  07/12/2018 at 10:09 AM #75848
  robertogozzi

  As for SL, I think this should work fine (line 20 of the Snippet Library, modified to accomodate both Long & Short trades https://docs.google.com/spreadsheets/d/1rgboqj7sVwsP9ZRhOduOefye48QMWC07jWVXCl-KJPU/edit#gid=0)

  Retain XX.X% profit

  ////////////////////////////////////////////////////////////////////////////////////////////////////////// ONCE TrailStart = 30 //30 Start trailing profits from this point ONCE ProfitPerCent = 0.666 //66.6% Profit to keep IF Not OnMarket THEN y1 = 0 y2 = 0 ELSIF LongOnMarket AND close > (TradePrice + (y1 * pipsize)) THEN //LONG x1 = (close - tradeprice) / pipsize //convert price to pips IF x1 >= TrailStart THEN //go ahead only if 30+ pips y1 = max(x1 * ProfitPerCent, y1) //y = % of max profit ENDIF IF y1 THEN //Place pending STOP order when y>0 SELL AT Tradeprice + (y1 * pipsize) STOP //convert pips to price ENDIF ELSIF ShortOnMarket AND close < (TradePrice - (y2 * pipsize)) THEN //SHORT x2 = (tradeprice - close) / pipsize //convert price to pips IF x2 >= TrailStart THEN //go ahead only if 30+ pips y2 = max(x2 * ProfitPerCent, y2) //y = % of max profit ENDIF IF y2 THEN //Place pending STOP order when y>0 EXITSHORT AT Tradeprice - (y2 * pipsize) STOP //convert pips to price ENDIF ENDIF //////////////////////////////////////////////////////////////////////////////////////////////////////////

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  ////////////////////////////////////////////////////////////////////////////////////////////////////////// ONCE TrailStart    = 30        //30     Start trailing profits from this point ONCE ProfitPerCent = 0.666     //66.6%  Profit to keep IF Not OnMarket THEN    y1 = 0    y2 = 0 ELSIF LongOnMarket AND close > (TradePrice + (y1 * pipsize)) THEN                         //LONG    x1 = (close - tradeprice) / pipsize           //convert price to pips    IF x1 >= TrailStart THEN                      //go ahead only if 30+ pips       y1 = max(x1 * ProfitPerCent, y1)           //y = % of max profit    ENDIF    IF y1 THEN                                       //Place pending STOP order when y>0       SELL AT Tradeprice + (y1 * pipsize) STOP      //convert pips to price    ENDIF ELSIF ShortOnMarket AND close < (TradePrice - (y2 * pipsize)) THEN                        //SHORT    x2 = (tradeprice - close) / pipsize           //convert price to pips    IF x2 >= TrailStart THEN                      //go ahead only if 30+ pips       y2 = max(x2 * ProfitPerCent, y2)           //y = % of max profit    ENDIF    IF y2 THEN                                       //Place pending STOP order when y>0       EXITSHORT AT Tradeprice - (y2 * pipsize) STOP //convert pips to price    ENDIF ENDIF //////////////////////////////////////////////////////////////////////////////////////////////////////////

  As for DayOfWeek, lines 17 and 24 at https://www.prorealcode.com/topic/something-is-missing-in-my-friday-sell-off/ will be great of help.

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  robertogozzi

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  07/12/2018 at 11:12 AM #75859
  abacus23

  robertogozzi,

  Many thanks.

  I have inserted the hard stop at: set stop ploss 30 and it works great. 🙂

  I have looked at: (As for DayOfWeek, lines 17 and 24 at https://www.prorealcode.com/topic/something-is-missing-in-my-friday-sell-off/) but not being code minded, i’ll admit to being totally lost and all I get is an error message;

  Syntax error:

  This variable is not used in the code:daysforbiddenentry.

  I tried to insert it here, I would like Tuesdays removed.

  defparam flatafter = 210000 daysForbiddenEntry = OpenDayOfWeek = 1 OR OpenDayOfWeek = 2 OR OpenDayOfWeek = 3 OR OpenDayOfWeek = 4 OR OpenDayOfWeek = 6 OR OpenDayOfWeek = 0 if longonmarket then alreadybuy=1 endif if shortonmarket then alreadysell=1 endif if intradaybarindex=0 then alreadybuy=0 alreadysell=0 endif if time = 061000 then yh = highest[86](high) yL=lowest[86](low) os = 2*pipsize endif tcondition = time>080000 and time<200000 if tcondition then if close<yh+os and not alreadybuy then buy 1 contract at yh+os stop endif if close>yl+os and not alreadysell then sellshort 1 contract at yl-os stop endif endif set stop ploss 30 ONCE TrailStart = 30 //30 Start trailing profits from this point ONCE ProfitPerCent = 0.666 //66.6% Profit to keep IF Not OnMarket THEN y1 = 0 y2 = 0 ELSIF LongOnMarket AND close > (TradePrice + (y1 * pipsize)) THEN //LONG x1 = (close – tradeprice) / pipsize //convert price to pips IF x1 >= TrailStart THEN //go ahead only if 30+ pips y1 = max(x1 * ProfitPerCent, y1) //y = % of max profit ENDIF IF y1 THEN //Place pending STOP order when y>0 SELL AT Tradeprice + (y1 * pipsize) STOP //convert pips to price ENDIF ELSIF ShortOnMarket AND close < (TradePrice – (y2 * pipsize)) THEN //SHORT x2 = (tradeprice – close) / pipsize //convert price to pips IF x2 >= TrailStart THEN //go ahead only if 30+ pips y2 = max(x2 * ProfitPerCent, y2) //y = % of max profit ENDIF IF y2 THEN //Place pending STOP order when y>0 EXITSHORT AT Tradeprice – (y2 * pipsize) STOP //convert pips to price ENDIF ENDIF

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  defparam flatafter = 210000   daysForbiddenEntry = OpenDayOfWeek = 1 OR OpenDayOfWeek = 2 OR OpenDayOfWeek = 3 OR OpenDayOfWeek = 4 OR OpenDayOfWeek = 6 OR OpenDayOfWeek = 0   if longonmarket then alreadybuy=1 endif if shortonmarket then alreadysell=1 endif   if intradaybarindex=0 then alreadybuy=0 alreadysell=0 endif   if time = 061000 then yh = highest[86](high) yL=lowest[86](low) os = 2*pipsize endif   tcondition = time>080000 and time<200000   if tcondition then if close<yh+os and not alreadybuy then buy 1 contract at yh+os stop endif if close>yl+os and not alreadysell then sellshort 1 contract at yl-os stop endif endif   set stop ploss 30 ONCE TrailStart = 30 //30 Start trailing profits from this point ONCE ProfitPerCent = 0.666 //66.6% Profit to keep IF Not OnMarket THEN y1 = 0 y2 = 0 ELSIF LongOnMarket AND close > (TradePrice + (y1 * pipsize)) THEN //LONG x1 = (close – tradeprice) / pipsize //convert price to pips IF x1 >= TrailStart THEN //go ahead only if 30+ pips y1 = max(x1 * ProfitPerCent, y1) //y = % of max profit ENDIF IF y1 THEN //Place pending STOP order when y>0 SELL AT Tradeprice + (y1 * pipsize) STOP //convert pips to price ENDIF ELSIF ShortOnMarket AND close < (TradePrice – (y2 * pipsize)) THEN //SHORT x2 = (tradeprice – close) / pipsize //convert price to pips IF x2 >= TrailStart THEN //go ahead only if 30+ pips y2 = max(x2 * ProfitPerCent, y2) //y = % of max profit ENDIF IF y2 THEN //Place pending STOP order when y>0 EXITSHORT AT Tradeprice – (y2 * pipsize) STOP //convert pips to price ENDIF ENDIF

  Many thanks in advance

  

  abacus23

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  07/12/2018 at 11:36 AM #75860
  abacus23

  I tried again, incorperating the daysForbiddenEntry into the tcondition, but still I get the error.

  IF tcondition = time>060500 and time<193000 and daysForbiddenEntry then if tcondition and strategyprofit<=myprofit and yh>0 and yl>0 then if close<yh+os and not alreadybuy then buy 1 contract at yh+os stop endif if close>yl+os and not alreadysell then sellshort 1 contract at yl-os stop endif endif

  1 2 3 4 5 6 7 8 9 10

  IF tcondition = time>060500 and time<193000 and daysForbiddenEntry then   if tcondition and strategyprofit<=myprofit and yh>0 and yl>0 then if close<yh+os and not alreadybuy then buy 1 contract at yh+os stop endif if close>yl+os and not alreadysell then sellshort 1 contract at yl-os stop endif endif

   

  

  abacus23

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  07/12/2018 at 11:47 AM #75861
  robertogozzi

  To write code, please use the <> “insert PRT code” button to make code easier to read and understand. Thank you.

   

  

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