opening a pos on a specific price

• 02/04/2023 at 1:11 PM #209099
  miric94

  Hello!

  I want to backtest a few lines I have identified as good r/s levels but am an utter noob when it comes to coding.

  Say I want to test 11500 on NQ, when the price comes from above I want to long. doing this with the help of MA14.

  But I’m not sure what to use to specify the level, as I understand “close” it needs to actually close on that level, is there anything I can use for a touch?

  Don’t know if this makes any sense.

  😀

   

  In essence, I want to find out the best SL and TP for trading my levels.

  

  miric94

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  02/04/2023 at 1:47 PM #209102
  robertogozzi

  Touch is when either LOW or HIGH reach or break that level, such as:

  If low <= 11500 then //touched from above If high >= 11500 then //touched from below

  1 2	If low  <= 11500 then //touched from above If high >= 11500 then //touched from below

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  miric94

  

  robertogozzi

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  02/04/2023 at 2:31 PM #209103
  miric94

  Thanks Roberto!

  This really helped, when it reaches tp for example, it opens a new order the bar after as long as price is above my level, which I understand from the code is correct.

  How do I set it to not keep adding while above?

  So one buy per touch, if it touches again, buy.

  

  miric94

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  02/04/2023 at 2:42 PM #209104
  JS

  If you do not want to open cumulative orders, you must place the following line at the beginning of your code:

  DefParam CumulateOrders=False

  An alternative is to use:

  If High CrossesOver Average[14](Close) then

  Buy 1 contract at Market

  EndIf

  If Low CrossesUnder Average[14](Close) then

  SellShort 1 contract at Market

  EndIf

  With the latter option, you only buy / sell when the price crosses with the average…

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  JS

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  02/04/2023 at 10:17 PM #209117
  miric94

  Yea sure that could work but I want to be really specific, which I understand is difficult.

  high >= “value”

  tp = 20

  sl = 5

  when either of those is hit and price is high >= the algo will keep opening positions. I really just want it to open a position when the line is touched.

  attached is a really bad example on s&p, there will be bad trades and these would be 2 of them, I still would like it to work but I can’t figure out how to open exactly on the line, and only then.

  Maybe smaller TF and maybe lesser MA.

  Any other ideas?

  

  miric94

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  02/04/2023 at 11:43 PM #209119
  JS

  You could use Limit orders:

  If Close < Resistance then

  SellShort 1 contract at Resistance Limit

  EndIf

  If Close > Support then

  Buy 1 contract at Support Limit

  EndIf

  

  JS

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