trading on two time lines

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

  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

   

  

  Bob Harris

  Participant

  Topics: 9

  Replies: 11

  Been thanked: 5 times
  09/10/2019 at 7:56 PM #107113
  Vonasi

  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

  1 2 3 4 5 6 7 8 9

  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

   

  

  Vonasi

  Moderator

  Topics: 192

  Replies: 5088

  Been thanked: 1812 times
• Author
  Posts