Only trade when above/below x% on previous day close?

• 01/09/2018 at 12:31 PM #58579
  jbyrne

  Hi, I’m currently trying to backtest some ideas and I need ProOrder to only deal if stock is above/below ‘x’% on previous days close. For example, I may want to only deal when the stock is over +2% on previous days close. Since theres no timeframe in ProOrder I don’t know how to do this.

   

  Can anybody show me how to code this?

  Thanks in advance

  

  jbyrne

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  01/09/2018 at 12:43 PM #58582
  Vonasi

  Percentage = 10 IF close > (DClose(1) * (1 + (Percentage/100))) THEN BUY 1 Contract AT Market ENDIF IF close < (DClose(1) * (1 - (Percentage/100))) THEN SELLSHORT 1 Contract AT Market ENDIF

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  Percentage = 10   IF close > (DClose(1) * (1 + (Percentage/100))) THEN BUY 1 Contract AT Market ENDIF   IF close < (DClose(1) * (1 - (Percentage/100))) THEN SELLSHORT 1 Contract AT Market ENDIF

  Is one option which opens a position at the close of the candle if it is your chosen percentage above/below the last candleclose.

  Or you can:

  Percentage = 10 UpBuyPrice = (DClose(1) * (1 + (Percentage/100))) DownBuyPrice = (DClose(1) * (1 - (Percentage/100))) BUY 1 Contract AT UpBuyPrice LIMIT SELLSHORT 1 Contract AT DownBuyPrice LIMIT

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  Percentage = 10   UpBuyPrice = (DClose(1) * (1 + (Percentage/100))) DownBuyPrice = (DClose(1) * (1 - (Percentage/100)))   BUY 1 Contract AT UpBuyPrice LIMIT SELLSHORT 1 Contract AT DownBuyPrice LIMIT

  which sets  market orders to buy/sell if the chosen increase or decrease is reached.

   

  1 user thanked author for this post.

  jbyrne

  

  Vonasi

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  01/09/2018 at 2:14 PM #58612
  jbyrne

  Thanks a lot, seems to work how I need it 🙂

  

  jbyrne

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  01/09/2018 at 2:21 PM #58613
  Vonasi

  Sorry – I just noticed a typo.

  The LIMIT’s in the second example should be STOP’s as you are setting an inferior price to the current one to buy/sell at.

  

  Vonasi

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