Open strategy dax

• 05/04/2022 at 1:00 PM #192648
  ullle73

  I found this which is quite similar to what i use today. Roberto, could you help me code this? 😃

   

  • having x TP
  • y SL
  • z trailing sl

  

  ullle73

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  05/04/2022 at 4:24 PM #192684
  phoentzs

  https://www.prorealcode.com/topic/why-do-we-think-so-complicated-opening-strategies/

  I had tried something similar a long time ago… maybe this will help you?

  

  phoentzs

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  05/04/2022 at 4:24 PM #192685
  robertogozzi

  Explain what the strategy has to do, when should it enter LONG or SHORT?

   

  

  robertogozzi

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  05/04/2022 at 9:20 PM #192702
  ullle73

  yes ofc, sorry 🙂

  • at dax open. wait for 5 min candle close, if it closes GREEN, go SHORT next candle open, TP open candles low + x points.
  • If open 5m candle is RED, go LONG at next candle open. TP open candles high + x points.
  • SL y points, BE stop z points, Trailing z points

  also put some code i found for not getting slippage if possible to use in code as well.

  😀

   

  c100 = barindex = tradeindex spread = 1.2 If longonmarket and c100 then priceinlong = open + spread / 2 set stop ploss sl + (positionprice - priceinlong) set target pprofit tp - (positionprice - priceinlong) endif If shortonmarket and c100 then priceinshort = open – spread / 2 set stop ploss sl + (priceinshort - positionprice) set target pprofit tp - (priceinshort - positionprice) endif

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  c100 = barindex = tradeindex spread = 1.2   If longonmarket and c100 then priceinlong = open + spread / 2 set stop ploss sl + (positionprice - priceinlong) set target pprofit tp - (positionprice - priceinlong) endif   If shortonmarket and c100 then priceinshort = open – spread / 2 set stop ploss sl + (priceinshort - positionprice) set target pprofit tp - (priceinshort - positionprice) endif

   

  1 user thanked author for this post.

  Nicolas

  

  ullle73

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  05/05/2022 at 12:03 PM #192752
  robertogozzi

  This is the code:

  DEFPARAM CumulateOrders = False Timeframe(default) DAXopen = 080000 // Timeframe(5 minute,UpdateOnClose) Green = close > open Red = close < open IF OpenTime = DAXopen THEN IF Red THEN BUY 1 CONTRACT AT MARKET TP = (high - close) + 5*PipSize SL = 20 SET TARGET PROFIT TP SET STOP pLOSS SL ELSIF Green THEN SELLSHORT 1 CONTRACT AT MARKET TP = (close - low) + 5*PipSize SL = 20 SET TARGET PROFIT TP SET STOP pLOSS SL ENDIF ENDIF // //************************************************************************ //trailing stop function trailingstart = 20 //trailing will start @trailinstart points profit trailingstep = 5 //trailing step to move the "stoploss" //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN newSL = tradeprice(1)+trailingstep*pipsize ENDIF //next moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*pipsize ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THEN newSL = tradeprice(1)-trailingstep*pipsize ENDIF //next moves IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN newSL = newSL-trailingstep*pipsize ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF //************************************************************************

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  DEFPARAM CumulateOrders = False Timeframe(default) DAXopen = 080000 // Timeframe(5 minute,UpdateOnClose) Green = close > open Red   = close < open IF OpenTime = DAXopen THEN    IF Red THEN       BUY 1 CONTRACT AT MARKET       TP = (high - close) + 5*PipSize       SL = 20       SET TARGET PROFIT TP       SET STOP   pLOSS  SL    ELSIF Green THEN       SELLSHORT 1 CONTRACT AT MARKET       TP = (close - low) + 5*PipSize       SL = 20       SET TARGET PROFIT TP       SET STOP   pLOSS  SL    ENDIF ENDIF // //************************************************************************ //trailing stop function trailingstart = 20 //trailing will start @trailinstart points profit trailingstep  = 5 //trailing step to move the "stoploss" //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN   newSL = tradeprice(1)+trailingstep*pipsize ENDIF //next moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN   newSL = newSL+trailingstep*pipsize ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THEN   newSL = tradeprice(1)-trailingstep*pipsize ENDIF //next moves IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN   newSL = newSL-trailingstep*pipsize ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF //************************************************************************

  As to the code you posted, lines 5 and 11 which OPEN are referencing, the current one or the one when the trade was entered?

  

  robertogozzi

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  05/05/2022 at 9:45 PM #192792
  ullle73

  THANKS AGAIN ROBERTO 😀

  

  ullle73

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  05/05/2022 at 9:55 PM #192793
  SnorreDK

  Hi.
  Whats the the deafult Timeframe for the strategy?

  

  SnorreDK

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  05/05/2022 at 10:19 PM #192794
  robertogozzi

  It must be no higher than 5 minutes.

  And 5 minutes must be a multiple of it, so 5 minutes or 1 minute are both fine.

   

  

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