premarket open price breakout strategy idea
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“simple code” means nothing to me … I changed it.
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Hello and welcomenot sure how to get the current price right now – as i don’t want the high,low,close,open but the current price
Close, same as Close[0] is the price at any instant, i.e. the current price.
When a new candle opens then the Close of the previous candle becomes Close[1]
Hope that makes sense, if not just say
Cheers
GraHal1 user thanked author for this post.
you dont need to reinvent the wheel
https://www.prorealcode.com/topic/ts-break-prima-ora/#post-56666
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You place a market order when your condition comes true. This order is executed at the open of the next bar. Try replacing your market order with a limit order.
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Line 9 sets MyBuyPrice equal to the high price of the 141500 bar, so that price will be your trigger, no matter if it is higher or lower than the one of the previous or following bar!
To place a pending order you can replace lines 11-14 with
1234IF NOT ONMARKET THENBUY 1 CONTRACTS AT MyPrice STOPMyBuyprice=999999ENDIFbut pending oders only last one bar, so I suggest to remove line 13 to prevent it from being placed again correctly next bar. You should set it when the strategy IS ON MARKET to prevent further trading, at the same price, once the trade is closed.
Effectively line 13 is of not much use since there is never a test against it, nor it has ever been initialized!
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STOP pending orders are used to BUY at a less convevient price than the current one (you want to BUY at a higher price), while LIMIT pending orders are used to BUY at a more convenient price (you want to BUY at a lower price). So you’ll have to use STOP or LIMIT according to such cases.
Using
123GRAPH MyBuyPriceGRAPH timeGRAPH OnMarketembedded in your code, you can debug your strategy and might be able to spot any bug/issue you may have encountered.
Anyway, you know that the very first bar of each day is when INTRADAYBARINDEX = 0, so you just need to chek the previous HIGH to know it’s the one before trading started
123IF IntraDayBarIndex = 0 then //if it's a new trading day, then ...MyBuyprice = high[1] //... the previous bar is yesterday's lastENDIFI hope this helps further.
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POSITIONPERF (https://www.prorealcode.com/documentation/positionperf/) will do the trick together with a variable to Enable/Disable trading
1234567891011121314151617ONCE TradingON = 1 //trading enabled by defaultONCE FirstTrade = 0 //tell us when a trade has already finished todayIF IntraDayBarIndex = 0 THEN //reset variable to default values each dayTradingON = 1FirsrTrade = 0ENDIFIF Not OnMarket THEN //when Not OnMarket and...IF FirstTrade THEN //... at least one trade already occurred...IF PositionPerf(1) > 0 THEN //... stop trading if it was successfulTradingON = 0ENDIFENDIFENDIFIF Your_Conditions AND Not OnMarket AND TradingON THENBUY/SELLSHORT ...FirstTrade = 1 //mark any trade openedENDIFThis should do, but it will stop trading as soon as the previous trade of the day was profitable, despite there may have been losing trades before so that your STRATEGYPROFIT (https://www.prorealcode.com/documentation/strategyprofit/) may still be negative for the day.
You’ll have to improve the code with the use of STRATEGYPROFIT to make your strategy more afficient and tailored to your needs.
If you save the current STRATEGYPROFIT at the very beginning of each day, later that day you may tell (by comparing the current and old values) if, despite the POSITIONPERF of any trade, you are still in gain or not.
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