premarket open price breakout strategy idea

aland · Sun, 01 Apr 2018 00:14:53 +0000

hi there I am a total newbie here (but an expert programmer) I would like to test a simple program before i go deeper into the code the program would: take a bar 2 hour prior to the US market open (for example for IBM share) get the high of that bar at 7:30 US time buy once the US market opens at 9:30 if the price is equal or higher then that high bar price stop after the initial buy any suggestions would be greatly appreciated Here is my code: IF currentTime = 093000 THEN //not sure if current time is my time or market time MyBuyprice = high[40]//on 3 min bars it would be 40 bars ago to get to 7:30 AM US IF NOT LongOnMarket AND ?X?>=MyBuyprice THEN//?X? not sure how to get the current price right now - as i don't want the high,low,close,open but the current price BUY 1 CONTRACTS AT MARKET ENDIF ENDIF Moderator’s edit: code above reformated on your behalf, when adding code to a message please use the “insert PRT code” button located in the message editor at the end of the first line of tools icons, thanks

This topic has 37 replies, 6 voices, and was last updated 7 years ago by aland.

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05/11/2018 at 3:08 AM #70169
aland
in addition to my previous question, looking at the charts today I have 2 more questions:

It seems that the algorithm does not take the spread into account. My algorithm would have failed today if it did calculate the spread width but in the backtesting it writes it as a success. How do I add IG changing spread into the code?

Are there any system alerts/emails/SMS message that I can send myself during the algorithm? so that I would be notified and take over the position manually (is it possible at all to start automatic and change to manual if something goes wrong)

Thanks again

Alan
aland
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05/11/2018 at 10:09 AM #70187

GraHal

The IG Old Platform allows an alert to be sent to the IG phone App when a new position is opened … see attached.

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aland

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05/11/2018 at 10:28 AM #70195

GraHal

Sorry that attachment should have been, well ermm … as attached! 🙂

The setting is under Notifications as shown

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aland

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05/11/2018 at 11:18 AM #70197

aland

Thanks GraHal,

I also found the solution to teh spread question. I saw that it could be tweaked on the back test options on the right (writing here so others would be able to use it as well)

So my 2 questions from late at nigh are resolved.

The only open question is the TF – how to get the end of day high (and low) without calculating how many bars it is each day

here is a reiteration of the only open question so far on this thread:

Ok, Thanks

So until MTF comes out, how can I ask:

“give me the high (or low) of previous day” on a time frame of 3 min for example.

when I use :

high = highest[480](high)

it will not work on some days as there aren’t 480 bars per day I guess and it will definitely not work after a weekend – so I am getting results that differ from the actual high and low of the day

aland
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05/11/2018 at 12:41 PM #70198

GraHal

Day[1]High ??

Somebody correct me if no good, but keeps the momentum up?? 🙂

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05/11/2018 at 12:56 PM #70199

GraHal

DHigh(1)

I just tried above in a System of mine and it ran okay so above must be the correct syntax.

Aland let us know how you get on

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05/11/2018 at 1:01 PM #70200

robertogozzi

DHIGH(1) and DLOW(1) should be the correct constants.

You can easily GRAPH them in your strategy and see if that’s correct.

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05/11/2018 at 1:59 PM #70209

aland

Thanks I just realised that. the names confused me…

Thanks for your help (again)

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premarket open price breakout strategy idea

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