stop order opposite previous candle

• 10/31/2016 at 8:56 AM #15737
  Opentrader

  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

  

  Opentrader

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

  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

  

  Opentrader

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

  Think Ive got it –

  <span class="token keyword">BUY</span> <span class="token number">1</span> <span class="token keyword">LOT</span> <span class="token keyword">AT</span> <span class="token keyword">close</span><span class="token operator">+</span><span class="token number">10</span> - will test it out

  1	<span class="token keyword">BUY</span> <span class="token number">1</span> <span class="token keyword">LOT</span> <span class="token keyword">AT</span> <span class="token keyword">close</span><span class="token operator">+</span><span class="token number">10</span> - will test it out

  

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  10/31/2016 at 4:36 PM #15776
  Opentrader

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

  

  Opentrader

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

  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

  1 2 3 4 5

  //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).

   

  

  Nicolas

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