Wait for price to retrace

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03/26/2021 at 8:39 AM #165379 quote

Slowlyslowly
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Hello friends

i need an instruction that could do the following if possible ,when looking at an entry . Ie entry price “7100 for a buy”

A :wait for price to achieve a close on 1 minute candle at < 7095 (to break price ) I.e 5 pips < entry price ( both would be variables)

B :when “A “ is achieved place an order that only ONLY triggers IF price retraces to 7100 within 10 minutes of A being achieved – so again I would need a 30 second bar close > 7100 NOT just price being touched but an actual close >7100 to stop being triggered in on a spike.

C: ideally I would also want price action to slow after A being achieved so almost sideways action /or volume to have dropped off /volatility but don’t worry if this is impossible – its just a wish list and I can live without this if its just impossible to code and could go with A and B.

Is this possible ?

Your help is greatly appreciated.

03/29/2021 at 8:28 AM #165590 quote

Nicolas
Keymaster

Master

What is the minimal / maximal time interval between the 2 events A and B?

03/29/2021 at 9:03 AM #165601 quote

Slowlyslowly
Participant

Average

Hello

There would be no minimum time between the events A-B , but a maximum of 10 minutes if possible.

Many thanks

04/12/2021 at 2:19 PM #166860 quote

Slowlyslowly
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Average

Hello

As any one any suggestions that may help ?

Many thanks
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Wait for price to retrace

ProOrder: Automated Strategies & Backtesting

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Slowlyslowly @slowlyslowly Participant

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This topic contains 3 replies,
has 2 voices, and was last updated by Slowlyslowly
4 years, 10 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	03/26/2021
Status:	Active
Attachments:	No files

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