buy /sell when the price crosses over/under a value and equals a different value

• 11/18/2024 at 3:00 AM #240452
  J.gymea

  Hi and thank you guys!

  I want to code this but dont know how:

  for example

  BUY 1 contract when the price crosses over 100 then reaches 120 ( so basically the price has to cross over 1oo and reaches 120 to buy a contract at 120 )

  CLOSE THE TRADE when the price crosses down 140 then reaches 120 ( price has to cross under 140 and reaches 120 to sell at 120)

   

  Appreciate your help

  Thank you

  

  J.gymea

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  11/18/2024 at 5:00 AM #240453
  JS

  Hi,

  Try this one:

  Crossing Levels

  DefParam CumulateOrders=False Once LongLevel100=0 Once ShortLevel140=0 If Close Crosses Over 100 then LongLevel100=1 EndIf If Close Crosses Over 120 and LongLevel100=1 then Buy 1 contract at Market LongLevel100=0 EndIf If Close Crosses Under 140 then ShortLevel140=1 EndIf If Close Crosses Under 120 and ShortLevel140=1 then SellShort 1 contract at Market ShortLevel140=0 EndIf

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22

  DefParam CumulateOrders=False   Once LongLevel100=0 Once ShortLevel140=0   If Close Crosses Over 100 then LongLevel100=1 EndIf   If Close Crosses Over 120 and LongLevel100=1 then Buy 1 contract at Market LongLevel100=0 EndIf   If Close Crosses Under 140 then ShortLevel140=1 EndIf   If Close Crosses Under 120 and ShortLevel140=1 then SellShort 1 contract at Market ShortLevel140=0 EndIf

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  Watanabix, J.gymea, Iván

  

  JS

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  11/18/2024 at 10:41 PM #240511
  J.gymea

  Thank you JS,

  It worked but I need the trade to be closed when the price crosses under 140 to 120 and not to sell ( now its buying 1 contract when the price crosses over 100 reaching 120, closing the buying contract and selling 1 contract when the price crosses under 140 reaching 120). what I need to change in this code please?

   

  Thank you so much

  1 user thanked author for this post.

  JS

  

  J.gymea

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  11/18/2024 at 10:55 PM #240512
  JS

  Hi,

  Change line 20 to “Sell at Market”

   

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  J.gymea

  

  JS

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