Buy or Sell at set time and price change on any market.

Andre Vorster · Tue, 27 Aug 2024 11:43:50 +0000

Hello. I don’t know coding to write the code for this idea. I will appreciate help on this one please. The idea I have. As you know when the US market opens the volumes are high and moves fast in any direction. Have code that will open 2 x short OR 2 x long positions depending on the price direction. The positions opens on price change at a set time(market open time) Or opens positions at a candle count after market open. With the time set or candle count one can start trades on any market and on any time frame even on a 10sec time frame. Can apply this strategy on any market on any time frame. The market and time frame can then be any of your choice. If this can work this can work in Bull and Bear market. On market open and the price goes higher that what the price was at open. Open 2 x Long positions. LONG: 1.) Buy 1 contract – set profit for $20 or 20 Points (20 = example/variable) Close this trade automatically when set profit is reached. Set Trailing stop at $10 or 10 points (10 = example/variable) 2.) Buy 1 contract with $10/10 points trailing stop so this one can run (10 points = example) SHORT: The same applies as the above if the price moves lower on market open. 1.) Short 1 contract – set profit for $20 or 20 Points (20 = example/variable) Close this trade when profit set is reached. Set Trailing stop at $10 or 10 points (10 = example/variable) 2.) Short 1 contract with $10/10 points trailing stop so this one can run (10 points = example) Thank you.

This topic has 17 replies, 7 voices, and was last updated 3 months ago by Andre Vorster.

Viewing 3 posts - 16 through 18 (of 18 total)

← 1 2

09/05/2024 at 2:05 PM #237138

Andre Vorster

I need the buy also to take into consideration certain indicator values.
I used MACD, Stochastic, EMS and SMA values to the code but the results does not seem to take into account the indicator values.
I will be grateful if anybody can help me please. Sure I’m just missing some small change to the existing code.
Thank you.

What I tried (with my limited knowledge of code).
No matter which direction I set the < or > the results stays the same which tells me what I do isn’t working ;-(

indicator1 = MACDSignal[2,26,9](close)
indicator2 = MACDline[2,26,9](close)
indicator3 = MACD[2,26,9](close)
mac = (indicator2 > indicator1) //used all combinations > < here which does not have an effect.

indicator4 = Stochastic[14,3](close)
indicator5 = Stochastic[14,7](close)
stoch = (indicator5 > indicator4) //used all combinations > < here which does not have an effect.

indicator6 = Average[20](close)
indicator7 = Average[50](close)
aver1 = (indicator6 < indicator7) //used all combinations > < here which does not have an effect.

indicator8 = ExponentialAverage[20](close)
indicator9 = ExponentialAverage[20](Open)
ema = (indicator10 > indicator11) //used all combinations > < here which does not have an effect.

Andre Vorster
Participant

Topics: 25
Replies: 117
Been thanked: 48 times

09/05/2024 at 9:24 PM #237189

GraHal

Try adding below at bottom of your code and remove the // so as to show one without // at a time.

So start with mac, when True you will see a 1, if never True, you will see a 0 line.

Do same for the others and report back

GRAPH mac
//GRAPH stoch
//GRAPH aver1
//GRAPH ema

PS I guess ema is a typo and you meant (indicator8 > indicator9)

GraHal
Participant

Topics: 214
Replies: 8825
Been thanked: 2198 times

09/06/2024 at 6:43 AM #237202

Andre Vorster

Thank you for the reply.
I’ll give your suggestion/code a go.

I’m still looking for code that works on short time frame. Quick in and out.
With a quick in and out on short time frame one can make the most of the market no matter the long term market trend.

Andre Vorster
Participant

Topics: 25
Replies: 117
Been thanked: 48 times
Author

Posts

Viewing 3 posts - 16 through 18 (of 18 total)

← 1 2

Find exclusive trading pro-tools on