Simple breakout

• 04/09/2018 at 9:59 PM #67775
  DMas

  Hello, I’m new to PRT and just try to start with some basics. And….I just come up with some questions.

  My intention is to enter the market with a long position as soon as the actual close is above the highest highs of the previous 5 bars. When my fist bar is January 1 does highest[5](high) mean the highest high of Jan 1 – Jan 5? Then I would put the actual close with the bar number 6 in front of it?

  c1 = (close[6] > highest[5](high)) IF c1 THEN BUY 1 CONTRACT AT MARKET ENDIF

  1 2 3 4 5

  c1 = (close[6] > highest[5](high))   IF c1 THEN BUY 1 CONTRACT AT MARKET ENDIF

  Then I figured out that the opening will be always the next and not the current bar, but the ladder one is essential for me as I trade in daily bar mode. I reads somewhere there’s a way to use a limit order.

  So my idea:

  H1 = highest[5](high) c1 = (close[6] > H1) IF c1 THEN BUY 1 CONTRACT AT H1 Limit ENDIF

  1 2 3 4 5 6 7

  H1 = highest[5](high)   c1 = (close[6] > H1)   IF c1 THEN BUY 1 CONTRACT AT H1 Limit ENDIF

   

  Does I make work to trade at the current bar, as soon as the close price crossed the upper channel?

  Thank you for your help.

  DMas

  

  DMas

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  04/09/2018 at 11:39 PM #67779
  robertogozzi

  To write code, please use the <> “insert PRT code” button, to make code easier to read and understand. Thank you.

   

  

  robertogozzi

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  04/09/2018 at 11:48 PM #67780
  robertogozzi

  It is not possible to reference future data (candles/bars).

  It is only possible to reference past data.

  So whatever day or timeframe you are,

  highest[5](high)

  1	highest[5](high)

  will always refer to the highest price of the LAST 5 bars, that is from HIGH[0] through HIGH[4]. If you want to refer to the LAST previous 5 bars you’ll have to write

  highest[5](high[1])

  1	highest[5](high[1])

  Any code will be executed ONLY, as of this version of the platform, when each bar closes, whose high price may refrenced as HIGH[0] or just HIGH, then HIGH[1], and so on….

   

  

  robertogozzi

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