Trade opens opposite direction

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
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

Legend

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?
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.

Login your account

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

Trade opens opposite direction

ProOrder: Automated Strategies & Backtesting

New Reply

Author

15482847 @15482847 Member

Summary

This topic contains 1 reply,
has 2 voices, and was last updated by robertogozzi
4 years, 4 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	04/29/2022
Status:	Active
Attachments:	No files

Loading...