Buying at the second Boll band violation

• 02/10/2023 at 7:19 PM #209524
  Gaby

  Hello,

  I would like to code a buy entry when the close is lower the low Bollinger band for two consecutive periods. I have coded this, but it not working; I appreciate any help, Thanks. Gaby

   

  // Definition of code parameters
  DEFPARAM CumulateOrders = False
  Once COUNT = 0

  // variables ===================================

  LowBoll = Average[20](close)- (3*std[20](close))

  // conditions ====================================

  c1 = close < LowBoll

  IF NOT onmarket AND c1 AND COUNT = 0 THEN
  COUNT = 1

  ELSIF NOT onmarket AND c1 AND COUNT =1 THEN
  BUY 1 PERPOINT AT MARKET
  COUNT = 0

  ENDIF

   

  

  Gaby

  Participant

  Topics: 17

  Replies: 37

  Been thanked: 11 times
  02/10/2023 at 7:41 PM #209527
  Gaby

  This version of the code seems to work, you can ignore my previous request:

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated Once COUNT = 0 // variables =================================== LowBoll = Average[20](close)- (3*std[20](close)) //LowerTail = min(open,close) - low // conditions ==================================== c0 = close > Lowboll If c0 THEN COUNT = 0 ENDIF c1 = close < LowBoll //c2 = Lowertail > 12 IF NOT onmarket AND c1 AND COUNT = 0 THEN COUNT = 1 ELSIF NOT onmarket AND c1 AND COUNT = 1 THEN BUY 1 PERPOINT AT MARKET COUNT = 0 ENDIF IF LONGonmarket THEN //and BARINDEX-TRADEINDEX(1) = 0 then SELL AT MARKET ENDIF

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated Once COUNT = 0   // variables ===================================   LowBoll = Average[20](close)- (3*std[20](close)) //LowerTail = min(open,close) - low   // conditions ====================================   c0 = close > Lowboll   If c0 THEN COUNT = 0 ENDIF   c1 = close < LowBoll //c2 = Lowertail > 12   IF NOT onmarket AND c1 AND COUNT = 0 THEN COUNT = 1   ELSIF NOT onmarket AND c1 AND COUNT = 1 THEN BUY 1 PERPOINT AT MARKET COUNT = 0   ENDIF   IF LONGonmarket THEN //and BARINDEX-TRADEINDEX(1) = 0 then SELL AT MARKET ENDIF

   

   

  1 user thanked author for this post.

  Nicolas

  

  Gaby

  Participant

  Topics: 17

  Replies: 37

  Been thanked: 11 times
• Author
  Posts