Order placing in code

• 07/07/2020 at 12:18 PM #138622
  Slowlyslowly

  Hi

   

  Once you conditions have been met is it possible to place an order to trigger at a predetermined point NOT at market.

   

  i.e ALL the conditions are met but your order would be X pips higher than the current price at your trigger point Or when c1 and C2 and c3 and c4 are met. So then effectively placing an order etc ?

  

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  07/07/2020 at 2:20 PM #138640
  robertogozzi

  Yes, you can use pending orders. Use STOP pending orders when the entry price il worse than current price, LIMIT  pending orders when it’s better (higher if yiu sell or lower if you buy):

  // Long trades BUY 1 CONTRACT AT MyEntryPrice STOP //current price is lower BUY 1 CONTRACT AT MyEntryPrice LIMIT //current price is higher // Short trades SELLSHORT 1 CONTRACT AT MyEntryPrice STOP //current price is higher SELLSHORT 1 CONTRACT AT MyEntryPrice LIMIT //current price is lower

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  // Long  trades BUY 1 CONTRACT AT MyEntryPrice STOP   //current price is lower BUY 1 CONTRACT AT MyEntryPrice LIMIT  //current price is higher // Short trades SELLSHORT 1 CONTRACT AT MyEntryPrice STOP   //current price is higher SELLSHORT 1 CONTRACT AT MyEntryPrice LIMIT  //current price is lower

  Be warned that pending orders expire after one bar, so you need to place then again next bar if still needed.

  Set TP & SL as usual.

   

   

  

  robertogozzi

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  07/07/2020 at 2:55 PM #138647
  Slowlyslowly

  Thanks Roberto ,

   

  So if i envisaged myentryprice may not be hit for 5 or more bars after initial conditions were me how would be best to cope with that ?

  

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  07/07/2020 at 3:18 PM #138650
  robertogozzi

  If your conditions are met keep placing them again and again, bar after bar, until those conditions are no more met (or  orders are triggered and you do not want to enter again until NEW conditions are met).

   

  

  robertogozzi

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  07/07/2020 at 3:34 PM #138651
  Slowlyslowly

  Once the conditions are met for placing an order at myentrypoint – i want the order to stay current until the entry point is achieved. The initial conditions to trigger myentrypoint will not be met going forward from the point of order as these are historical conditions to trigger my entry point.

   

  When you say keep placing the order bar after bar how is this coded to express the order is valid until achieved ? Regardless of the initial conditions to initially achieve the first placement of myentrypoint.

  

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  07/07/2020 at 4:00 PM #138652
  robertogozzi

  There you go:

  If MyConditions AND Not OnMarket THEN //make sure your conditions are still met to place a pending order BUY 1 CONTRACT AT MyEntryPrice STOP //or LIMIT ENDIF

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  If MyConditions AND Not OnMarket THEN  //make sure your conditions are still met to place a pending order    BUY 1 CONTRACT AT MyEntryPrice STOP //or LIMIT ENDIF

  MyConditions can be any condition or combination of conditions linked either with AND or OR.

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  06/22/2021 at 1:18 PM #172140
  Lialh

  robertogozzi wrote:

  There you go:

  Hi Roberto,

  Thanks for the below (and to SlowlySlowly for asking).

  I am still struggling though as the code doesn’t read properly.

  Essentially, what I need is to find and ‘set the order price’ at a high of that particular bar that the other conditions are met, and then to keep that order in place for the next 10 bars until it triggers.

  I can’t seem to still get that right in the code though.

  Do you perhaps have any ideas on how to do that? I have used your code below, but I think that I am doing something wrong though.

  Thanks.

  ‘insert PRT code’If MyConditions AND Not OnMarket THEN //make sure your conditions are still met to place a pending order<br /> BUY 1 CONTRACT AT MyEntryPrice STOP //or LIMIT<br /> ENDIF

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  If MyConditions AND Not OnMarket THEN //make sure your conditions are still met to place a pending order BUY 1 CONTRACT AT MyEntryPrice STOP //or LIMIT ENDIF

  MyConditions can be any condition or combination of conditions linked either with AND or OR.

  

  Lialh

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  06/22/2021 at 2:28 PM #172142
  robertogozzi

  There you go:

  DEFPARAM CumulateOrders = FALSE ONCE CondL = 0 ONCE Count = 0 ONCE Entry = 0 ONCE Dist = 10 //minimum distance from current price required by the broker // to place pending orders //reset variables when on market IF OnMarket THEN CondL = 0 Count = 0 Entry = 0 ENDIF //increnment count IF Count > 0 THEN Count = Count + 1 //reset count and conditions after 10 bars have elapsed IF Count > 10 THEN Count = 0 CondL = 0 Entry = 0 ENDIF ENDIF // LONG condition IF close crosses over Average[200] then CondL = 1 Count = 1 Entry = high ENDIF // entry IF Entry > 0 AND Not OnMarket THEN IF (close + Dist) < Entry THEN BUY 1 Contract AT Entry STOP ELSIF (close - Dist) > Entry THEN BUY 1 Contract AT Entry LIMIT ELSE BUY 1 Contract AT Market ENDIF ENDIF // exit IF close crosses under Average[200] and LongOnMarket then sell at market ENDIF

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  DEFPARAM CumulateOrders = FALSE ONCE CondL = 0 ONCE Count = 0 ONCE Entry = 0 ONCE Dist  = 10     //minimum distance from current price required  by the broker //                   to place pending orders //reset variables when on market IF OnMarket THEN CondL = 0 Count = 0 Entry = 0 ENDIF //increnment count IF Count > 0 THEN Count = Count + 1 //reset count and conditions after 10 bars have elapsed IF Count > 10 THEN Count = 0 CondL = 0 Entry = 0 ENDIF ENDIF // LONG condition IF close crosses over Average[200] then CondL = 1 Count = 1 Entry = high ENDIF // entry IF Entry > 0 AND Not OnMarket THEN IF (close + Dist) < Entry THEN BUY 1 Contract AT Entry STOP ELSIF (close - Dist) > Entry THEN BUY 1 Contract AT Entry LIMIT ELSE BUY 1 Contract AT Market ENDIF ENDIF // exit IF close crosses under Average[200] and LongOnMarket then sell at market ENDIF

  

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  06/23/2021 at 8:50 AM #172176
  Lialh

  Thanks so much for the help Roberto

  

  Lialh

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