Placing another order 10 points higher or lower

• 05/30/2016 at 8:32 PM #8426
  Big Hug

  Hi,

  Just following on from my last post & would be grateful for any input possible.

  I am using a 1 min chart which if a condition is met a Long / Short is action.

  What I would like to do is it to wait 2 min (for example) and then carry out a second trade (accumulate).

  (What I am trying to control here is a signal that holds for 5 minutes and as a consequence – 5 separate trades are initiated all

  more or less at the same price)

  Or

  If the price moves 10 further points carry out another trade.

  Thanks you in advance for any help you can suggest.

  Regards

  BH

  

  Big Hug

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  05/30/2016 at 8:58 PM #8439
  Nicolas

  Hi, for your first needs, you can use TRADEINDEX which gives you the quantity of elapsed bars since when the last trade opened.

  For your next request, I’ll answer in the other topic 🙂

   

  

  Nicolas

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  05/30/2016 at 9:19 PM #8445
  GraHal

  Would you not have to use ‘Barindex – TradeIndex’ in order to get quantity of elapsed bars since when the last trade opened? Or am I confused again?

  I know you know this Nicolas as it will be ‘2nd nature to you’ and a bit like asking you … how do you breathe! ha

  Apologies for my British humour

  GraHal

  

  GraHal

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  Topics: 204

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  05/30/2016 at 10:54 PM #8452
  Big Hug

  Hi,

  I think I’ve managed to sort it – I’ve arrived at the following code

  IF c1 AND NOT LongOnMarket THEN BUY 2 PERPOINT AT MARKET ENDIF //let's add another order taken with a condition of 10 bars elapsed since the first one IF BARINDEX-TRADEINDEX(1)>10 AND C1 THEN BUY 2 PERPOINT AT MARKET ENDIF

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  IF c1 AND NOT LongOnMarket THEN BUY 2 PERPOINT AT MARKET ENDIF   //let's add another order taken with a condition of 10 bars elapsed since the first one IF BARINDEX-TRADEINDEX(1)>10 AND C1 THEN BUY 2 PERPOINT AT MARKET ENDIF

   

  This stops the accumulation of orders one minute to the next – but actioned the second Long – which is what I wanted to try and achieve.

  I’ll continue to check for variatons on this and let you know if I come up with any variants.

  Regards

  Hugh

  

  Big Hug

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  05/31/2016 at 9:25 AM #8484
  Nicolas

  Yes I think you do it right.

  But you take new trade based on time only, not on price so your next buy order could be above or below the open price of the first one. Just for your information.

  @GraHal : this is correct! 🙂

  

  Nicolas

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  05/31/2016 at 10:33 PM #8554
  GraHal

  Hi the Hug

  <span class="token keyword">IF</span> <span class="token keyword">BARINDEX</span><span class="token operator">-</span><span class="token keyword">TRADEINDEX</span><span class="token punctuation">(</span><span class="token number">1</span><span class="token punctuation">)</span><span class="token operator">></span><span class="token number">10</span></code> means ... If the number of bars in the 'previous Trade' > 10. Is this what you want? Or do you want

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  <span class="token keyword">IF</span> <span class="token keyword">BARINDEX</span><span class="token operator">-</span><span class="token keyword">TRADEINDEX</span><span class="token punctuation">(</span><span class="token number">1</span><span class="token punctuation">)</span><span class="token operator">></span><span class="token number">10</span></code> means ... If the number of bars in the 'previous Trade' > 10.   Is this what you want?   Or do you want

  <span class="token keyword">IF</span> <span class="token keyword">BARINDEX</span><span class="token operator">-</span><span class="token keyword">TRADEINDEX </span><span class="token operator">></span><span class="token number">10 means ... If the number of bars in the 'current trade' > 10? Cheers GraHal </span>

  1 2 3 4 5 6

  <span class="token keyword">IF</span> <span class="token keyword">BARINDEX</span><span class="token operator">-</span><span class="token keyword">TRADEINDEX </span><span class="token operator">></span><span class="token number">10 means ... If the number of bars in the 'current trade' > 10?   Cheers GraHal   </span>

   

  

  GraHal

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  06/01/2016 at 12:18 AM #8557
  Big Hug

  Thanks GraHal,

  You’re welcome to get in touch if you want to exchange some ideas. My email address is ukprtfan@yahoo.com

  

  Big Hug

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  06/29/2016 at 11:11 PM #10007
  absent1980

  Hi Guys,

  Can anyone advise on how to code buy order and at the same time to add several market orders to fill if price goes up?

  Thank you.

  

  absent1980

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