Candle bars

• 09/12/2017 at 10:16 AM #45992
  williamtd

  Good morning , still struggling to set this up , could be an age thing !

  can some one help me code :

  day candle, for longs if close >100 pips above open but less than 150 then but 1 at next bar open

  vice Versa for shorts

  with stop entry at prior bar open

  ??

  thanks

  

  williamtd

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  09/12/2017 at 12:31 PM #46008
  AutoStrategist

  I think this is what you are asking for, I added an arbitrary limit to be able to test it. I ran it on the Dax futures daily and it returned 100% (27 trades) since 2012, pretty scary equity curve though

  PositionSize = 1 BullBar = close > open BearBar = open > close TakeProfit = 100 if not onmarket then StopLoss = open LatestMove = abs(close - open) if LatestMove > 100 and LatestMove < 150 then if BullBar then buy PositionSize shares at market set stop loss StopLoss set target profit TakeProfit elsif BearBar then sellshort PositionSize shares at market set stop loss StopLoss set target profit TakeProfit endif endif endif

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  PositionSize = 1   BullBar = close > open BearBar = open > close   TakeProfit = 100   if not onmarket then StopLoss = open LatestMove = abs(close - open) if LatestMove > 100 and LatestMove < 150 then if BullBar then buy PositionSize shares at market set stop loss StopLoss set target profit TakeProfit elsif BearBar then sellshort PositionSize shares at market set stop loss StopLoss set target profit TakeProfit endif endif endif

  

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  09/12/2017 at 4:56 PM #46052
  williamtd

  thanks for that, just run it on FX and see what you mean !

  It needs to have stop set at just above or below  previous bar by say 10 pips. And take profit at same open close range as previous bar that set up trade.

  That would trim it I think and enter exit many more trades.  is that possible to code ??

   

  William

  

  williamtd

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  09/12/2017 at 5:45 PM #46053
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  Certainly is, a simple change to the code I supplied, there are also plenty of code examples on the site that can help you if you need them

  

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