Short Position if actual price below last bar

• 07/06/2023 at 3:54 PM #217369
  titleist311

  Dear all,

  I am a beginner in coding. Acutally I am looking for a solution to enter a short position once the current bar is trading lower than the low of the last bar. Then set a Stop Loss above the last bar’s high and a profit target which is 3 times the stop loss.

  Somehow this code isn’t working yet. Can anyone tell me what I do have to correct?

  Thanks a lot for your support.

  Defparam cumulateorders = false c1 = close<low[1] h1 = High[1] l1 = Low[1] SL = h1 - l1 + 1*PointSize IF NOT ShortOnMarket AND c1 THEN SELLSHORT 1 CONTRACTS AT MARKET ENDIF SET STOP PLOSS 1*SL SET TARGET PPROFIT 3*SL

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  Defparam cumulateorders = false c1 = close<low[1] h1 = High[1] l1 = Low[1] SL = h1 - l1 + 1*PointSize   IF NOT ShortOnMarket AND c1 THEN SELLSHORT 1 CONTRACTS AT MARKET ENDIF   SET STOP PLOSS 1*SL SET TARGET PPROFIT 3*SL

  Best regards

  Simon

  

  titleist311

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  07/06/2023 at 6:23 PM #217377
  JS

  Hi Simon,

  Try this…

   

  SellShort at Low STOP

  DefParam CumulateOrders = false h1 = High l1 = Low SL = (h1 - l1) If NOT ShortOnMarket then SellShort 1 contract at Low Stop Set Stop pLoss SL * pipsize Set Target pProfit (3 * SL) * pipsize EndIf

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  DefParam CumulateOrders = false h1 = High l1 = Low SL = (h1 - l1)   If NOT ShortOnMarket then SellShort 1 contract at Low Stop Set Stop pLoss SL * pipsize Set Target pProfit (3 * SL) * pipsize EndIf

  

  JS

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  07/07/2023 at 3:38 PM #217409
  titleist311

  Thanks a lot that works much better.

  Now I have one last question. During a test session one trade was entered although the low of the bar (let’s say at price 105) was not below low the last bar (also 105) but just the same price. How do I have to adjust if the trade should be entered  just one pip lower at 104.99?

  Thanks again!

  

  titleist311

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  07/07/2023 at 4:13 PM #217413
  JS

  Hi,

  SellShort 1 contract at (Low-pipsize) Stop

  You have to control what the size of the “pipsize” is…

  For example, a “pipsize” of 1 can be divided by 100 (pipsize/100)…

   

  

  JS

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