Trade opens opposite direction

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  • 04/29/2022 at 3:10 PM #192431 quote
    15482847
    Member
    New

    Hi,

    I use a very simple rule to enter trades. If previous candle closes green -> then long. If previous candle closes red -> then short.

    As an example, for long I use (close[0] > open[0])

    Sometimes a candle will close green then enter a short and visa versa.

    Is there a better code I can use to implement this instruction correctly?

    Thank you in advance!

    Kind regards,

    Anton

     

     

    IF NOT ONMARKET THEN
LONGRULE = (close[0] > open[0])
SHORTRULE = (open[0] > close[0])
IF LONGRULE and TradeAllowed=1 THEN
BUY PositionSize CONTRACT AT MARKET

SET TARGET PROFIT TPT //TPT2
SET STOP LOSS SSS //SSS2

ENDIF

IF SHORTRULE and TradeAllowed=1 THEN
SELLSHORT PositionSize CONTRACT AT MARKET

SET STOP LOSS SSS//SSS2
SET TARGET PROFIT TPT//TPT2

ENDIF
ENDIF
    04/29/2022 at 4:21 PM #192443 quote
    robertogozzi
    Moderator
    Master

    I tested it on DAX, 5-min TF,  and all entries are correct according to the two rules, GREEN or RED.

    What TF and instrument are you using?

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Trade opens opposite direction


ProOrder: Automated Strategies & Backtesting

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This topic contains 1 reply,
has 2 voices, and was last updated by robertogozzi
3 years, 9 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 04/29/2022
Status: Active
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