stop order opposite previous candle

Opentrader · 2016-10-31T07:56:44+00:00

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

Viewing 5 posts - 1 through 5 (of 5 total)

Author

Posts
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

Legend
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).
Author

Posts

Viewing 5 posts - 1 through 5 (of 5 total)

You must be logged in to reply to this topic.

New

Stuck on this ProBuilder code?

Describe what this topic is trying to build, in plain English, and ProRealAI writes the ProRealTime™ indicator, screener or system for you.

Available in 7 languages

Try ProRealAI

stop order opposite previous candle

ProOrder: Automated Strategies & Backtesting

New Reply

Author

Opentrader @opentrader Participant

Summary

This topic contains 4 replies,
has 2 voices, and was last updated by Nicolas
9 years, 11 months ago.

Topic Details

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