trading on two time lines

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  • 09/10/2019 at 7:07 PM #107106 quote
    Bob Harris
    Participant
    Average

    Hi all

     

    I wonder if you could help me

    I have a set up based on the 4 hour candles, but if i have not hit my target or my stop after 1 hour i want to close the position,

    if i use the ‘flat after’ command it only works when the next candle starts

    i am assuming i can use a second system with a different candle time to generate a close order but i cant get my head around the code

    any help would be much appreciated

    Thanks

    09/10/2019 at 7:56 PM #107113 quote
    Vonasi
    Moderator
    Master

    Just using MTF with UPDATEONCLOSE on the four hour time frame will open a trade at the close of a four hour bar and then just close it in the 1 hour time frame.

    timeframe (4 hours, updateonclose)
if (your entry conditions) then
buy 1 contract at market
endif

timeframe(1 hour)
if onmarket then
sell at market
endif
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trading on two time lines


ProOrder: Automated Strategies & Backtesting

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Bob Harris @bob_harris Participant
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This topic contains 1 reply,
has 2 voices, and was last updated by Vonasi
6 years, 5 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 09/10/2019
Status: Active
Attachments: No files
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