Open strategy dax

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05/04/2022 at 1:00 PM #192648 quote

ullle73

Participant

Senior

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

2E1B47A0-0921-4935-B6EE-188B7B66D00A.jpeg

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

phoentzs

Participant

Master

Why do we think so complicated? Opening strategies

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

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

robertogozzi

Moderator

Legend

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

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

ullle73

Participant

Senior

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

robertogozzi

Moderator

Legend

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
//************************************************************************

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?

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

ullle73

Participant

Senior

THANKS AGAIN ROBERTO 😀

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