Opening Stop Order at 1 Bar High & Position Size Calculation
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ok thanks i will check that out. In process of checking orders being executed at spots it should not. I have another question, these are the MACD codes used for Daily and 4Hour TF and I have graphed them,
I have attached an image that shows, MACDDxxx-SIGNALDxxx as negative (which tells why the order was accepted), but shouldn’t it have been positive, ie >0. MACD line is above signal line and it is a bullish setup for daily TF.
I am using updateonclose for both time frames. Is there something I am missing out?
Timeframe (4 Hour, updateonclose) //Filters MACDD1 = MACD[12,26,9](close) SIGNALD1 = ExponentialAverage[9](MACDline[12,26,9](close)) MACDFILTER1= MACDD1 < SIGNALD1 //DO NOt enter if MACD is bearishTImeframe (daily, updateonclose) MACDDxx = MACD[12,26,9](close) SIGNALDxx = ExponentialAverage[9](MACDline[12,26,9](close)) MACDFILTER= MACDDxx < SIGNALDxx //DO NOt enter if MACD is bearishLL = lowest[BRL](low) SL = MIN(abs(BARHIGH - LL)+2*pointsize,1.8*AverageTrueRangE[14]) BARHIGH = max(High [0] + pipsize*3,close + 4*pipsize) //10 x pipsize = 10 pipHi,
I am using auto calculation of stop loss level. When I graph the above values I get some weird result and I am not able to figure out why.
When I graph
MIN(abs(BARHIGH - LL)+2*pointsize,1.8*AverageTrueRangE[14])I get correct value of 14.75, but when I graph SL, i get 8.34 which makes no sense, the 1.8 ATR value is 19.7. As per the formula above, the SL value should be 14.75. I have attached an image to clarify.
I checked to see if there is SL value elsewhere but there is no other source I can see. Where I am getting this wrong?
Thanks
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Topic Details
| Forum: | ProOrder: Automated Strategies & Backtesting |
| Language: | English |
| Started: | 09/22/2019 |
| Status: | Active |
| Attachments: | 5 files |
