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

jbyrne · 2018-01-09T11:31:35+00:00

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

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01/09/2018 at 12:31 PM #58579 quote

jbyrne
Participant

Average

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

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

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

jbyrne thanked this post
01/09/2018 at 2:14 PM #58612 quote

jbyrne
Participant

Average

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

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

Vonasi
Moderator

Master

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

ProOrder: Automated Strategies & Backtesting

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Summary

This topic contains 3 replies,
has 2 voices, and was last updated by Vonasi
8 years, 8 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	01/09/2018
Status:	Active
Attachments:	No files