price question

• 05/01/2018 at 6:56 PM #69608
  Pjotterd

  Hi,

  I’m using the code below. There is just one thing I want to change. I don’t want the order to start on ‘close’ but I want the order to start when the price hits “orderhigh” or “orderlow”. What do I have to adjust in the code below?

  // RANGE between 0000h to 0600h IF TIME=060000 THEN channelhigh = Highest[12](high) channellow = Lowest[12](low) ENDIF // orderlines 3.5 orderhigh= channelhigh + 3.5*pipsize orderlow= channellow - 3.5*pipsize // BREAKOUT Conditions c1= close > orderhigh c2= close < orderlow // LONG Positions-Opening IF Operationaltime and c1 AND alreadytraded = 0 THEN BUY 10 CONTRACT AT MARKET alreadytraded = 1 ENDIF // SHORT Positions-Opening IF Operationaltime and c2 AND alreadytraded = 0 THEN SELLSHORT 10 CONTRACT AT MARKET alreadytraded = 1 ENDIF

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  // RANGE between 0000h to 0600h IF TIME=060000 THEN channelhigh = Highest[12](high) channellow = Lowest[12](low) ENDIF   // orderlines 3.5 orderhigh= channelhigh + 3.5*pipsize orderlow= channellow - 3.5*pipsize     // BREAKOUT Conditions c1= close > orderhigh c2= close < orderlow   // LONG Positions-Opening IF Operationaltime and c1 AND alreadytraded = 0 THEN BUY 10 CONTRACT AT MARKET alreadytraded = 1 ENDIF // SHORT Positions-Opening IF Operationaltime and c2 AND alreadytraded = 0 THEN SELLSHORT 10 CONTRACT AT MARKET alreadytraded = 1 ENDIF

   

  

  Pjotterd

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  05/02/2018 at 9:22 AM #69615
  Nicolas

  You have to use pending STOP orders:

  if onmarket then alreadytraded=1 endif // RANGE between 0000h to 0600h IF TIME=060000 THEN channelhigh = Highest[12](high) channellow = Lowest[12](low) ENDIF // orderlines 3.5 orderhigh= channelhigh + 3.5*pipsize orderlow= channellow - 3.5*pipsize // LONG Positions-Opening IF Operationaltime AND alreadytraded = 0 THEN BUY 10 CONTRACT AT orderhigh stop //alreadytraded = 1 ENDIF // SHORT Positions-Opening IF Operationaltime AND alreadytraded = 0 THEN SELLSHORT 10 CONTRACT AT orderlow stop //alreadytraded = 1 ENDIF

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  if onmarket then alreadytraded=1 endif   // RANGE between 0000h to 0600h IF TIME=060000 THEN channelhigh = Highest[12](high) channellow = Lowest[12](low) ENDIF   // orderlines 3.5 orderhigh= channelhigh + 3.5*pipsize orderlow= channellow - 3.5*pipsize     // LONG Positions-Opening IF Operationaltime AND alreadytraded = 0 THEN BUY 10 CONTRACT AT orderhigh stop //alreadytraded = 1 ENDIF // SHORT Positions-Opening IF Operationaltime AND alreadytraded = 0 THEN SELLSHORT 10 CONTRACT AT orderlow stop //alreadytraded = 1 ENDIF

  Because we can’t know in advance when the order is triggered, the “alreadytraded” variable is to test only when you are on market (and at the beginning of the code, to prevent new pending order while already at market and because the code is read from top to bottom).

   

   

  

  Nicolas

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