Hi there, I am trying to code a strategy that involves collecting the highest high price and the lowest low of a particular time range in the morning. After this time, there is another period of 2 hour where if the price closes above this range, a long is opened with a stop loss at the lowest low point; and vice versa if close is below the lowest low.

Additionally, if the trade is stopped out; then an opposing trade is opened in the opposite direction, with the stop set again at the opposing end of the range.

I have tried several different ways of coding the entry but no matter what no trades are opened; or if they are, they are very inconsistent and do not conform to the rules and appear to be random and I cannot figure out which part of the code is incorrect and was hoping someone may be able to suggest what I am doing wrong?

Thank you

// Variables
DEFPARAM CumulateOrders = False // Disable accumulation of positions
targetPoints = 50 // Set global target price to 50 points
tradeStart = 1100 // Set start time for entering trades
tradeEnd = 1300 // Set end time for entering trades
sessionEnd = 1800 // Set end time for closing open positions

rangeStart = 0900 // Define range start time
rangeEnd = 1100 // Define range end time

If IntraDayBarIndex = 0 then
highestPrice = 0
lowestPrice = 999999
endif

// Calculate highest and lowest prices between 00:00 and 07:00
IF time >= rangeStart AND time <= rangeEnd THEN
highestPrice = max(high,highestPrice)
lowestPrice = min(low,lowestPrice)
ENDIF

// Long entry condition
IF time >= tradeStart AND time <= tradeEnd AND close > highestPrice THEN
buy at market
SET STOP stopLossLong Limit
SET TARGET PROFIT targetPoints
ENDIF

// Short entry condition
IF time >= tradeStart AND time <= tradeEnd AND close < lowestPrice THEN
sellshort at market
SET STOP stopLossShort limit
SET TARGET PROFIT targetPoints
ENDIF

// Stop loss and target for long positions
IF LONGONMARKET THEN
sell at stopLossLong stop
sell at targetPoints limit
IF barindex - tradeindex = 1 AND low[1] <= stopLossLong THEN
sellshort at market
stopLossShort = highestPrice
SET TARGET PROFIT targetPoints
ENDIF
ENDIF

// Stop loss and target for short positions
IF SHORTONMARKET THEN
exitshort at stopLossShort stop
exitshort at targetPoints limit
IF barindex - tradeindex = 1 AND high[1] >= stopLossShort THEN
buy at market
stopLossLong = lowestPrice
SET TARGET PROFIT targetPoints
ENDIF
ENDIF

IF time >= sessionEnd THEN
sell at market
exitshort at market
ENDIF