Buying an Outside candle via BuyStop

• 10/10/2020 at 1:32 PM #146974
  f1_maik

  How do I program this?

  Stopbuy at  High Outside + 25% * (High of the Outsidecandle -Low of the Outsidecandle)

  the stopbuy should only be executed within the next 3 candles

  Target Profit = High Outside + 50% *  (High of the Outsidecandle – Low of the Outsidecandle)
  Stop Loss = Low Outsidecandle

  

  f1_maik

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  10/10/2020 at 3:31 PM #146996
  robertogozzi

  There you go (not tested):

  Defparam CumulateOrders = false Outside1 = high > high[1] and low < low[1] Outside2 = max(open,close) > max(open[1],close[1]) Outside3 = min(open,close) < min(open[1],close[1]) OutsideBar = Outside1 and Outside2 and Outside3 If OutsideBar then Entry = high + (range * 0.25) TP = abs(Entry - (high + (range * 0.50))) SL = abs(Entry - low) Endif If summation[3](OutsideBar) then Buy 1 contract at Entry STOP Set Target Profit TP Set Stop Loss SL Endif

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  Defparam CumulateOrders = false Outside1 = high > high[1] and low < low[1] Outside2 = max(open,close) > max(open[1],close[1]) Outside3 = min(open,close) < min(open[1],close[1]) OutsideBar = Outside1 and Outside2 and Outside3 If OutsideBar then    Entry = high + (range * 0.25)    TP     = abs(Entry - (high + (range * 0.50)))    SL     = abs(Entry - low) Endif If summation[3](OutsideBar) then    Buy 1 contract at Entry STOP    Set Target Profit TP    Set Stop    Loss   SL Endif

   

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  f1_maik

  

  robertogozzi

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  10/10/2020 at 4:17 PM #147001
  f1_maik

  i thank you very much

   

  

  f1_maik

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  10/11/2020 at 4:51 PM #147065
  f1_maik

  Maybe one more step back. Maybe you can help me again.

  I understand that this part of code,  define entry, sl, tp – correct?

  entry, sl, tp

  If OutsideBar then Entry = high + (range * 0.25) TP = abs(Entry - (high + (range * 0.50))) SL = abs(Entry - low) Endif

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  If OutsideBar then    Entry = high + (range * 0.25)    TP     = abs(Entry - (high + (range * 0.50)))    SL     = abs(Entry - low) Endif

   

   

  Which part of the code says that the StopBuy is only executed with the next 3 candles? With this one?

  n = 5

  If summation[3](OutsideBar) then Buy 1 contract at Entry STOP Set Target Profit TP Set Stop Loss SL Endif

  1 2 3 4 5

  If summation[3](OutsideBar) then    Buy 1 contract at Entry STOP    Set Target Profit TP    Set Stop   Loss   SL Endif

  and if so and I would set n=5, then the StopBuy would only be possible within the next 5 candles – correct?

  n = 5

  n = 5 If summation[n](OutsideBar) then Buy 1 contract at Entry STOP Set Target Profit TP Set Stop Loss SL Endif

  1 2 3 4 5 6

  n = 5 If summation[n](OutsideBar) then    Buy 1 contract at Entry STOP    Set Target Profit TP    Set Stop    Loss   SL Endif

   

  Allright?

   

   

  

  f1_maik

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  10/11/2020 at 6:04 PM #147067
  robertogozzi

  All of your assumptions are correct.

   

  

  robertogozzi

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  10/12/2020 at 12:35 PM #147157
  f1_maik

  So fine and a big thank you to you.

  The first step of the strategie is done.

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  robertogozzi

  

  f1_maik

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