Buy/sell code isn’t working

• 10/16/2023 at 3:24 PM #222516
  ioannispapadakis

  Hey everyone,

  I have this code:

  if Time>163000 and Time<230000 and signal=1 and low<=BuyLine and not longonmarket then buy 10 contract at market endif set target profit 10 set stop loss SellLine if Time>163000 and Time<230000 and signal=-1 and high>=SellLine and not shortonmarket then sell 10 contracts at market endif set target profit 5 set stop loss BuyLine

  1 2 3 4 5 6 7 8 9 10 11 12 13

  if Time>163000 and Time<230000 and signal=1 and low<=BuyLine and not longonmarket then buy 10 contract at market endif   set target profit 10 set stop loss SellLine   if Time>163000 and Time<230000 and signal=-1 and high>=SellLine and not shortonmarket then sell 10 contracts at market endif   set target profit 5 set stop loss BuyLine

  Basically what I want to do is if the open is above the BuyLine (signal=1) to buy a hit of that line with stop at the SellLine and vice versa, if the open is below the SellLine (signal=-1) to sell a hit of the SellLine with stop at the BuyLine.

  The problem is that the backtest gives trades at wrong places. Can you help me spot the problem in the code please?

   

  John

   

   

  

  ioannispapadakis

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  10/16/2023 at 6:46 PM #222522
  GraHal

  Try below … does it give you what you want?

  if Time>163000 and Time<230000 and signal=1 and low<=BuyLine and not longonmarket then buy 10 contract at market set target profit 10 set stop loss SellLine endif if Time>163000 and Time<230000 and signal=-1 and high>=SellLine and not shortonmarket then sellShort 10 contracts at market set target profit 5 set stop loss BuyLine endif

  1 2 3 4 5 6 7 8 9 10 11 12 13

  if Time>163000 and Time<230000 and signal=1 and low<=BuyLine and not longonmarket then buy 10 contract at market set target profit 10 set stop loss SellLine endif   if Time>163000 and Time<230000 and signal=-1 and high>=SellLine and not shortonmarket then sellShort 10 contracts at market set target profit 5 set stop loss BuyLine endif

   

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  ioannispapadakis

  

  GraHal

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  10/17/2023 at 2:51 AM #222534
  robertogozzi

  In line 1 you only check the LOW price, not the OPEN, which could also be below BuyLine.

  Add

  AND open > BuyLine

  1	AND open > BuyLine

  to that line.

  You may want to add a check for OPEN also in line 8.

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  ioannispapadakis

  

  robertogozzi

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