Optimum Entry after Set Point

• 06/14/2020 at 7:30 PM #135919
  Steveaw

  Optimal Entry after Set Point Reached

  //------------------------------------------------------------------------- // Main code : FX ENTRY SHORT V6 // Use Loop System to define hh And better Entry Point //------------------------------------------------------------------------- // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0 //starttime = 190000// Enter in manually before placing code //endtime = 193000// Enter in manually before placing code entry = 6540// Manually Entered as a set point after chart analysis //noEntryBeforeTime = 191500 //TopofBC = entry +10 //conditional loop to determine hh timeframe (1 minute, updateonclose) //refbar = 0 if high > Entry Then WHILE high > high[1] DO //refbar = barindex hh = high //refbar = refbar + 1 Continue Break WEND ENDIF timeframe(default, updateonclose) IF not daysForbiddenEntry and not onmarket THEN sellshort 1 contract at hh stop ENDIF //and time > endtime AND time > noEntrybeforeTime // Stops and targets SET STOP pLOSS 30 SET TARGET pPROFIT tp tp=100

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  //------------------------------------------------------------------------- // Main code : FX ENTRY SHORT V6 // Use Loop System to define hh And better Entry Point //------------------------------------------------------------------------- // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0 //starttime = 190000// Enter in manually before placing code //endtime = 193000// Enter in manually before placing code entry = 6540// Manually Entered as a set point after chart analysis //noEntryBeforeTime = 191500 //TopofBC = entry +10 //conditional loop to determine hh timeframe (1 minute, updateonclose) //refbar = 0 if high > Entry Then WHILE high > high[1] DO //refbar = barindex hh = high //refbar = refbar + 1 Continue Break WEND ENDIF   timeframe(default, updateonclose) IF not daysForbiddenEntry and not onmarket THEN sellshort 1 contract at hh stop ENDIF //and  time > endtime AND  time > noEntrybeforeTime // Stops and targets SET STOP pLOSS 30 SET TARGET pPROFIT tp tp=100

   

  Hi all

  I’m running round in circles trying to get a code that will trigger an optimal entry after an initial set point.  It needs to go something like this (For a Short Position in this case):

  1. High > = set point (Manually entered into code)
  2. Once condition at 1 triggered code compares current to previous high in a continuous loop until current high is < previous
  3. This current high is then the entry point as long as price is still > original set point

  Hope this makes sense? I’ve pasted my initial attempt below, but am really struggling to get it to trigger correctly

  Your help is much appreciated

  

  Steveaw

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  06/16/2020 at 10:35 AM #136094
  GraHal

  Steveaw wrote:

  Once condition at 1 triggered code compares current to previous high

  So you are looking for a retest of a previous high and when you get a retest fail then there is a good chance that price may go down for a while and so a short is a good bet?

  Problem is you would need to define HH and retest HH over a certain number of bars and that certain number of bars is not always the same over and over again?

  

  GraHal

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  06/16/2020 at 1:11 PM #136124
  Steveaw

  I’d like to make it a bit simpler than that. All I’m looking to do is once my set point has been broken, I’d like to test the high vs previous high in a loop until the high is > than previous high then enter as long as still above my initial set point. hope this makes sense?

  Regards

  

  Steveaw

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  06/16/2020 at 2:18 PM #136135
  GraHal

  HH = High > High[1] HSetPoint = High > Xprice If HH and HSetPoint Then Buy at Market Endif

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  HH = High > High[1] HSetPoint = High > Xprice   If HH and HSetPoint Then Buy at Market Endif

  Above is how I am reading the conditions in your latest post … is that what you mean?

  Hey I’m getting worried … it’s starting to seem easier to say stuff in code than in words!! 🙂

  

  GraHal

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  06/21/2020 at 12:34 PM #136659
  Steveaw

  Apologies – I’ve been off the screen for a good while so missed your reply!

  Thanks for replying and I get what you mean about replying in code, maybe we’re all in the Matrix after all!!

  Firstly I do seem to run in to problems as it is very apparent the coding manual I downloaded from PRT Software does not have the complete set of codes and operators, hence I struggle to code what I want my strategies to do! is there a complete set of codes somewhere I am missing?

  Back to my original issue.

  I think your reply will work, but I still want to run a continuous loop until the condition is true i.e.

  1. Price is => my set point for the short to trigger the loop (ENTRY)
  2. A set of conditions i.e. high >high[1]
  3. Loops until high < high[1]
  4. Max high within the loop is recored
  5. Loop stops
  6. Code enters me into a Short (in this case)

  A second condition also need to be added if price doesn’t reverse and keeps on powering up to and/or past x number of pips past my set point for entry. i.e.

  I’m guessing an ELSE part of the IF loop:

  1. high>= ENTRY + 30 (i.e. 30 pips above original set point entry)
  2. THEN quit i.e. trade is invalid

  So to summarise an original set point for entry is entered as a variable within the code, if price = or breaks above the entry level then a loop is initiated until the current high is lower than the previous bar. It loops until this condition is met and then enters as soon as it is.

  If it keeps on creating higher highs and breaks above my original set entry point + say 30 pips (variable) the trade is invalid and quits.

  Phew! I hope this explains what I am trying to do?

  Regards

  Steve

  

  Steveaw

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  06/21/2020 at 1:00 PM #136661
  GraHal

  Steveaw wrote:

  is there a complete set of codes somewhere I am missing?

  You could try on the link below
  https://www.prorealcode.com/prorealtime-documentation/

  Steveaw wrote:

  Phew! I hope this explains what I am trying to do?

  It be best if @RobertoGozzi or @Vonasi might help you as it’s getting beyond being straight out of my head now! 🙂

   

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  Steveaw

  

  GraHal

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  06/21/2020 at 1:36 PM #136663
  robertogozzi

  As to the very first post the correct code should be (not tested):

  //------------------------------------------------------------------------- // Main code : FX ENTRY SHORT V6 // Use Loop System to define hh And better Entry Point //------------------------------------------------------------------------- // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0 //starttime = 190000// Enter in manually before placing code //endtime = 193000// Enter in manually before placing code entry = 6540// Manually Entered as a set point after chart analysis //noEntryBeforeTime = 191500 //TopofBC = entry +10 //conditional loop to determine hh timeframe (1 minute, updateonclose) refbar = 0 if high > Entry Then WHILE high[refbar] >= high[refbar +1] DO hh = high refbar = refbar + 1 WEND ENDIF timeframe(default, updateonclose) IF not daysForbiddenEntry and not onmarket and high > entry THEN sellshort 1 contract at hh stop ENDIF //and time > endtime AND time > noEntrybeforeTime // Stops and targets SET STOP pLOSS 30 SET TARGET pPROFIT tp tp=100

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  //------------------------------------------------------------------------- // Main code : FX ENTRY SHORT V6 // Use Loop System to define hh And better Entry Point //------------------------------------------------------------------------- // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0 //starttime = 190000// Enter in manually before placing code //endtime = 193000// Enter in manually before placing code entry = 6540// Manually Entered as a set point after chart analysis //noEntryBeforeTime = 191500 //TopofBC = entry +10 //conditional loop to determine hh timeframe (1 minute, updateonclose) refbar = 0 if high > Entry Then WHILE high[refbar] >= high[refbar +1] DO hh = high refbar = refbar + 1 WEND ENDIF timeframe(default, updateonclose) IF not daysForbiddenEntry and not onmarket  and high > entry THEN sellshort 1 contract at hh stop ENDIF //and  time > endtime AND  time > noEntrybeforeTime // Stops and targets SET STOP pLOSS 30 SET TARGET pPROFIT tp tp=100

   

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  robertogozzi

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  06/21/2020 at 6:40 PM #136696
  Steveaw

  Hi

  I’ve attached the latest code incorporating your suggestion, but it doesn’t seem to go in below the set point and also increase the reference bar until entry? (it’s for a long entry BTW) again I cannot see wht=y the code will not do this? I’ve also attached a screen shot and for the purposes of the example used the FTSE on 20seconds from 17/06/2020 at 02:29 – set point for entry at 2234 with a stop of 10 PIPs.

  Regards

  Long Entry Using Loop to establish latest Ref Bar

  // Main code : FX ENTRY LONG T7 - Using Loop condition to Enter //------------------------------------------------------------------------- // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0 if onmarket or strategyprofit<>strategyprofit[1] then flag = 1 endif if dayofweek <> dayofweek[1] then flag = 0 endif //breakevenstart=25 //pointstokeep=0 entry=6234// Set Point for code to start looking for lowest low BCBot = Entry-sl// If low gets below this level then trade must be invalidated // Stops and targets SET STOP pLOSS sl SET TARGET pPROFIT tp sl = 10 tp=50 // Conditions to enter long position notradetime1=213000 notradetime2=233000 notradetime=time>notradetime1 and time<notradetime2 Starttime = OpenTime endtime=235900 //Set Up Reference Bar & Entry Conditions for a Buy Trade timeframe (20 seconds, updateonclose) if time > starttime and time <= endtime then if opentime = starttime then endif ll = low endif if not longonmarket then //find first new ref bar for long trade refbar = 0 if (low <= Entry) AND NOT (low <= BCBot)THEN //first ref WHILE low[refbar]<= low[refbar+1] DO ll=low refbar= refbar + 1 Continue BREAK WEND ENDIF endif //determines the highest high & lowest low during the period if time > starttime then //hh = max(high,hh) ll = min(low,ll) endif IF not daysForbiddenEntry and not flag and not onmarket and not notradetime THEN Buy 2 contract at ll limit ENDIF

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  // Main code : FX ENTRY LONG T7 - Using Loop condition to Enter //------------------------------------------------------------------------- // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0 if onmarket or strategyprofit<>strategyprofit[1] then flag = 1 endif   if dayofweek <> dayofweek[1] then flag = 0 endif //breakevenstart=25 //pointstokeep=0 entry=6234// Set Point for code to start looking for lowest low BCBot = Entry-sl// If low gets below this level then trade must be invalidated // Stops and targets SET STOP pLOSS sl SET TARGET pPROFIT tp sl = 10 tp=50   // Conditions to enter long position notradetime1=213000 notradetime2=233000 notradetime=time>notradetime1 and time<notradetime2   Starttime = OpenTime endtime=235900     //Set Up Reference Bar & Entry Conditions for a Buy Trade timeframe (20 seconds, updateonclose) if time > starttime and time <= endtime then if opentime = starttime then endif ll = low endif   if not longonmarket then //find first new ref bar for long trade refbar = 0 if (low <= Entry) AND NOT (low <= BCBot)THEN //first ref WHILE low[refbar]<= low[refbar+1]  DO ll=low refbar= refbar + 1 Continue BREAK WEND ENDIF endif //determines the highest high & lowest low during the period if time > starttime then //hh = max(high,hh) ll = min(low,ll) endif   IF not daysForbiddenEntry and not flag and not onmarket and not notradetime  THEN Buy 2 contract at ll limit ENDIF

   

  

  Steveaw

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  06/21/2020 at 6:55 PM #136702
  robertogozzi

  Remove lines 47 and 48.

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  robertogozzi

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  06/21/2020 at 8:03 PM #136709
  Steveaw

  That makes a big difference – thanks for that I really appreciate your help.

  Stay safe

  

  Steveaw

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