stop order opposite previous candle

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10/31/2016 at 8:56 AM #15737 quote

Opentrader
Participant

New

Hi all

Can some one help provide code a stop order placing that if the previous candle was a bull one then an sell order will be placed 5 pips below market price and opposite if the previous candle was a bear candle?

Thanks

10/31/2016 at 11:00 AM #15744 quote

Opentrader
Participant

New

Ok worked it out – RE the candle – just want to know how you would do a stop order? Tried SELLSHORT 1 LOT AT MARKET + 4 but obviously not right

10/31/2016 at 11:03 AM #15745 quote
Opentrader
Participant

New
Think Ive got it –
```
BUY 1 LOT AT close+10 - will test it out
```
10/31/2016 at 4:36 PM #15776 quote

Opentrader
Participant

New

Right so get an equity curve like this. Take it the backtest isn’t that realistic on proreal?

2016-10-31_15-24-25.png

11/03/2016 at 9:46 AM #15890 quote
Nicolas
Keymaster

Master
You need to set STOP pending order, you were close the good syntax:
```
//long order
BUY 1 LOT AT close+10 STOP 

//short order
SELLSHORT 1 LOT AT close-10 STOP 
```
Keep in mind that pending orders need to be set at each candle (they always expire 1 bar later from the one where they were set).
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stop order opposite previous candle

ProOrder: Automated Strategies & Backtesting

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This topic contains 4 replies,
has 2 voices, and was last updated by Nicolas
9 years, 3 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	10/31/2016
Status:	Active
Attachments:	No files

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