Point Change after Close

Darren Nash · 2019-04-23T11:19:48+00:00

Hi All, I’m new to the forum. I want to write logic where a trade executes based off points change from close price – i.e. if the ASX is 30 points up after the close, execute (along with other params). Can someone help/point me in the right direction to code this? Thanks Darren

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04/23/2019 at 12:19 PM #96982 quote

Darren Nash
Participant

New

Hi All, I’m new to the forum. I want to write logic where a trade executes based off points change from close price – i.e. if the ASX is 30 points up after the close, execute (along with other params). Can someone help/point me in the right direction to code this? Thanks Darren

04/23/2019 at 12:55 PM #96986 quote
robertogozzi
Moderator

Legend
If you want to place orders at market then you have to tell us what CLOSE you want to use as a reference, yesterday, 9am or which one?

If you want to place pending orders, then you can write (long trade):
```
Buy 1 contract at close + 30 * pipsize Stop
```
04/23/2019 at 12:58 PM #96988 quote

robertogozzi
Moderator

Legend

Please update your Country flag in your profile. Thank you.

04/23/2019 at 1:12 PM #96991 quote

Darren Nash
Participant

New

Thanks Roberto, in this case, its 4pm sydney time. And I will update my flag, thanks.

04/23/2019 at 1:17 PM #96992 quote
robertogozzi
Moderator

Legend
You can save the current price, then place the following order:
```
If time = 040000 then
   EntryPrice = close + 30 * pipsize
Endif
If close > EntryPrice then
   Buy 1 contract at market
Endif
```
I assume in Sydney it’s 4am now.
04/23/2019 at 1:57 PM #96995 quote
doctorntz3
Participant

New
If you want to buy above or below yesterday market close value you can use DClose(1)
```
if close >= (DClose(1) + 30) then
	Buy 1 contract at market
endif
```
Note: In the example above I use 30, but depending on the instrument you are trading that number might be 0.30 Hope this helps
robertogozzi, Nicolas and Darren Nash thanked this post
04/23/2019 at 2:33 PM #96997 quote
Nicolas
Keymaster

Legend
doctorntz3 wrote:
Note: In the example above I use 30, but depending on the instrument you are trading that number might be 0.30
good, we could also make it universal by multiplying 30 with the pipsize value of the current instrument:
```
if close >= (DClose(1) + 30*pipsize) then
	Buy 1 contract at market
endif
```
08/01/2019 at 2:16 AM #103917 quote

Darren Nash
Participant

New

Sorry been away. Thanks for the reply

08/01/2019 at 7:24 AM #103926 quote

robertogozzi
Moderator

Legend

Please update your Country flag in your profile. Thank you.
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