order validity – signal to be valid 4 following bars

George65 · 2018-03-07T13:54:19+00:00

Hi, can someone help how to code how many bars an order is valid? For example buy setup: I get the buy signal on current bar, and I want the signal to be valid 4 following bars, and if the buying condition is not met, delete the order. Thank you! George

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03/07/2018 at 2:54 PM #64677 quote

George65
Participant

Senior

Hi,

can someone help how to code how many bars an order is valid?

For example buy setup:

I get the buy signal on current bar, and I want the signal to be valid 4 following bars, and if the buying condition is not met, delete the order.

Thank you!

George

03/07/2018 at 3:28 PM #64682 quote
Nicolas
Keymaster

Legend
You can test if your signal was true in the last X bars:

(let’s say your signal condition is a variable named “signal”):
```
test = summation[4](signal>0)>0

if test then 
 buy 1 contract at market 
endif
```
If “signal” was true at least 1 time during the last 4 bars, then the condition is still true.
03/07/2018 at 3:46 PM #64684 quote

George65
Participant

Senior

Thank you Nicolas, sorry it is my English. I did not mean that.

Try to clarify:

I get a buy signal on current bar, let’s say the signal is high (0) › high (1)

I do not want to buy at market, but at limit price, lets say “buy 1 contract at low(1) + range(1)• 0,7 stop”.

And I want the order to be valid 4 bars after the entry signal if the price comes lower. If not, after monitoring 4 bars, delete the order.

Thanks again!

03/07/2018 at 5:58 PM #64686 quote

Leo
Participant

Veteran

https://www.prorealcode.com/topic/entry-methods-at-market-stop-and-limit/

You can read this information here

03/07/2018 at 9:01 PM #64697 quote

George65
Participant

Senior

Thanks Leo, I think a understand
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order validity – signal to be valid 4 following bars

ProOrder: Automated Strategies & Backtesting

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This topic contains 4 replies,
has 3 voices, and was last updated by George65
8 years, 6 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	03/07/2018
Status:	Active
Attachments:	No files