Mike, here you are.

DEFPARAM CumulateOrders = False

Starttime = 000000
Limitentrytime = 220000
Exclude=time >=020000 and time <=050000
 
 
timeframe(225 minutes,updateonclose)
 
if MACD[12,26,9](close) >0 then
  mac4flag=1
endif
 
if MACD[12,26,9](close) <0 then
  mac4flag=-1
endif
 
if close >ExponentialAverage[5](high) then
  upperflag=1
endif
 
if close <ExponentialAverage[5](high) and close >ExponentialAverage[5](low) then
  upperflag=0
endif
 
if close < ExponentialAverage[5](low) then
  upperflag=-1
endif
 
timeframe(75 minutes,default)

Once slpricelong = 0   // 08-02-2022,PS.
Once slpriceshort = 0  // 08-02-2022,PS.
 
Averagecrosslong= Average[8](close) CROSSES OVER Average[20](close)
Averagecrossshort= Average[8](close) CROSSES under Average[20](close)
 
 
ONCE crossflag=0
ONCE avgflag=0
 
 
if close > ExponentialAverage[5](high) then
  avgflag=1
endif
 
if close < ExponentialAverage[5](low)then
  avgflag=-1
endif
 
 
longentry=0
 
if avgflag=1 and averagecrosslong then
  crossflag=1
endif
 
 
c2 = close > Average[50](close)
 
longentry= c2
 
limitbuy=ExponentialAverage[5](low)
 
if not onmarket and crossflag=1 and longentry=1 and mac4flag=1 and upperflag=1 then //and time >=StartTime and time <LimitEntrytime and not exclude then
  sl=AverageTrueRange[14]*2   // 0.00235
  tp=sl * 1.5                 // 0.003525
  slpricelong= close - sl     // 0.72685
  //Set stop loss sl
  risk=100/sl/10000                 // 42553
  BUY risk PERPOINT AT limitbuy limit   // Mike, Watch out for the /10000 (re my contract size).
endif
 
shortentry=0
 
if avgflag=-1 and averagecrossshort then
  crossflag=-1
endif
 
d2 = close < Average[50](close)
shortentry= d2
 
limitsell=ExponentialAverage[5](high)
 
if not onmarket and crossflag=-1 and shortentry and mac4flag=-1 and upperflag=-1 then //and time >=StartTime and time <LimitEntrytime and not exclude then
  sl=AverageTrueRange[14]*2
  tp=sl * 1.5
  Set target profit tp
  //slpriceshort = close + sl
  slpriceshort = sl - close   // 07-02-2022,PS, Must be like this.
  //Set stop loss sl
  risk=100/sl/10000    // Mike, Watch out for the /10000 (re my contract size).
  Sellshort risk PERPOINT AT limitsell limit
endif
if onmarket then
  crossflag=0
endif
 
Once CountL = 0
Once CountS = 0
 
if longonmarket and close < slpricelong then  // >
  //sell at Close - sl stop   // This does not work out in the middle of a bar.
  SellShort risk PERPOINT AT Close + sl limit   // This works out in the middle of a bar.
  LongDone = 1
  CountL = CountL + 1
endif
 
if shortonmarket and close > slpriceshort then  // <
  //exitshort at Close + sl stop   // This does not work out in the middle of a bar.
  BUY risk PERPOINT AT Close - sl limit   // This works out in the middle of a bar.
  ShortDone = 1
  CountS = CountS + 1
endif

Graph sl coloured (255,255,0)
Graph tp coloured (0,255,255)

Graph CountL
Graph CountS coloured (255,0,0)

Yes Mike Boorman, you can use MTF (Multiple TimeFrame) support to use more than one TF:

Timeframe(30 minute,UpdateOnClose)   //or 75 minute (plural is optional)
IF MyLongEntryConditions THEN
   BUY 1 CONTRACT AT MARKET
ENDIF
//
Timeframe(default)
IF LongOnMarket AND MyLongExitConditions THEN
   SELL AT MARKET
ENDIF

You will have to use a 1-minute chart to run this strategy. It can be also be less than 1 minute or even greater, BUT the higher timeframe (or timeframes) in your code MUST (ALL, if more than one) be a multiple of the TF on the chart (named default TF). In such case you cannot run this code on a 7-minute TF as both 30 and 75 are not multiples of 7.

Mike Boorman wrote:

So I moved the exits on losing positions down to the bottom of the code and put them inside “if longonmarket/shortonmarket” (which separated them from the take profit positions, which were calculated at entry) and then that worked fine. I notice you have done the same

Hi Mike,

So it must be my conclusion that you did not try my code ?
I copied back the whole code for a reason. I applied several changes in there. And if this is only a snippet of your larger code, then later you can see how to integrate it. OK ?

Mike Boorman wrote:

On the “longonmarket” conditions for example, the action that is taken when they are met is to “sellshort” (which is to buy a short position). And on “shortonmarket” the action is to “buy” (which I thought could only mean to open a long position?). Have I misunderstood what “sellshort” and “buy” mean? Can they be used to exit as well?

My earlier answers in this topic were exactly about that. Sadly I made mistakes myself (not reading accurately on the Pending Stop). And of you don’t understand, no worries, I see no others who understand (which does not mean they don’t exist). As I tried to explain – I use the IB version with its way larger possibilities for orders, so one learns the possibilities, which learning is not possible with the IG.
Let me add that you can see during the evolvement of your topic, that I myself only had the idea that what now works should be possible. Thus, pure theory. However, springing from manual trading in PRT-IB. And now the theory is practice.

On a not unimportant side note to myself, but possibly interesting for others :
I use 1 the second timeframe. This allows for one month of history only (1M bars). If I, for example,  make 2 seconds of that, nothing works any more (all is consistent for the 1 second TF). But also, if I would make it 2 second (or a bit more) I will always be too slow with whatever action. Now look at your own 75 minute vs 225 minutes. You have the 75 for the exact same reason, BUT you are unsatisfied with the SL response. With my code, this response is “instantly” which a Set StopLoss also would do. In the end exactly what you asked for. But also in the end exactly what my solution will be to use more history (like 2 months).

Now try my code and let me know what comes from it. Don’t forget about the  /10000 which you probably just have to remove. It is a bit tough for me to give you a consistent version because of the contract size on one hand, but the mistakes you provided in the code on the other (you used pips of profit/sl instead of their respective targets (see the Close + SL and Close – SL parts). Then nothing works but it coincidentally could with a smaller contract size. Might it help, the contract size I used was IIRC 10000 (AUD/USD Mini). And, the vagueness (for me !) is about the number of units being unknown (you calculate that). In aftermath, I think I could see that your TP’s were 10 times smaller than mine, implying that my contract size was 10x higher.

Let me know ! 🙂