ProBack test – Exit Trade during bar

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  • 01/28/2022 at 11:39 AM #186823 quote
    Paulg999
    Participant
    New

    Hi,

    Is it possible to exit a trade when the ask price crosses a level rather than having to wait fore the closed price?

    If this is possible how do i modify this?

    // Conditions to exit long positions
indicator28 = ExponentialAverage[50](close)
c22 = ( CROSSES OVER indicator28)

IF c22 THEN
SELL AT MARKET
ENDIF
    01/28/2022 at 11:58 AM #186826 quote
    robertogozzi
    Moderator
    Master

    You can achieve that by using multiple time frames, so you can access, say 1-hour candle, every minute or every second.

    Searching this forum for MTF will return you many useful articles, examples and code snippets.

    Paulg999 thanked this post
    01/28/2022 at 2:03 PM #186841 quote
    Paulg999
    Participant
    New

    My coding is in its infancy along with my knowledge of Probacktest. I can’t seem to find what I’m looking for.

    Can you do this in the simplified or must you do it in creation by programming?

    Based on PRT attachement above my default timeframe is 2m.

    I want to exit the trade when price crosses the 20ema or a.s.a.p

    Am I write in thinking that I need to select a lower T/F (lets say 1 second) & we can use 1s closed bars to trigger the exit.

    How would this code be written?

    01/29/2022 at 3:09 PM #186979 quote
    robertogozzi
    Moderator
    Master

    There you go:

    timeframe(default)	
// Conditions to exit long positions
indicator28 = ExponentialAverage[20](close)
c22 = (CROSSES OVER indicator28)
IF c22 THEN
   SELL AT MARKET
ENDIF

    append it to your code and run it on a TF lower than 2 minutes (and of which 2 minutes is a multiple, say 10 secondfs or 1 second).

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ProBack test – Exit Trade during bar


ProBuilder: Indicators & Custom Tools

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Paulg999 @paulg999 Participant
Summary

This topic contains 3 replies,
has 2 voices, and was last updated by robertogozzi
4 years, 1 month ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 01/28/2022
Status: Active
Attachments: No files
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