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trading on two time lines

Bob Harris · 2019-09-10T18:07:53+00:00

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

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ProOrder: Automated Strategies & Backtesting
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
7 years ago.

Topic Details

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

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trading on two time lines

Stuck on this ProBuilder code?

trading on two time lines ProOrder: Automated Strategies & Backtesting

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trading on two time lines

ProOrder: Automated Strategies & Backtesting