coding help for simple gold scalp strategy on 10min

• 04/05/2025 at 2:46 AM #245603
  drabrahams747

  This strategy is a Gold Scalping System designed to trade the NYSE breakout at the close of the second 10-minute candle after the market opens – this is the decision bar.

  The strategy uses a breakout technique, entering long when the price breaks above the high of the second candle or short when it breaks below the low, with a 0.5-point entry buffer to avoid false breakouts. The system utilizes a fixed stop loss of 2.5 points and a take profit of 2 points. The strategy is limited to 1 trade per day,

  could someone help code this as Ive had issues with it so i can test it on probacktest

  .

  

  drabrahams747

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  04/07/2025 at 7:33 AM #245648
  JS

  Hi,

  Try this one:

  Gold Scalping Strategy

  // === Parameters === once entryBuffer = 0.5 once stopLoss = 2.5 once takeProfit = 2.0 // === NYSE time (adjust if needed) === // Make sure your timezone is set correctly! NYSE opens at 15:30 CET marketOpenTime = 153000 decisionCandleEnd = 155000 // === Capture second 10-min candle (decision bar) === if OpenTime = decisionCandleEnd then decisionHigh = high decisionLow = low entryLong = decisionHigh + entryBuffer entryShort = decisionLow - entryBuffer tradeDone = 0 // reset trade flag endif // === Trade Entry (1 trade per day) === if not onmarket and tradeDone = 0 then // Long breakout if high > entryLong then buy 1 contract at market sl = close - stopLoss tp = close + takeProfit tradeDone = 1 endif // Short breakout if low < entryShort then sellshort 1 contract at market sl = close + stopLoss tp = close - takeProfit tradeDone = 1 endif endif // === Trade Management === if longonmarket then // Take profit if close >= tp then sell at market endif // Stop loss if close <= sl then sell at market endif endif if shortonmarket then // Take profit if close <= tp then exitshort at market endif // Stop loss if close >= sl then exitshort at market endif endif GraphOnPrice DecisionHigh as "High" GraphOnPrice DecisionLow as "Low"

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  // === Parameters === once entryBuffer = 0.5 once stopLoss = 2.5 once takeProfit = 2.0   // === NYSE time (adjust if needed) === // Make sure your timezone is set correctly! NYSE opens at 15:30 CET marketOpenTime  = 153000 decisionCandleEnd = 155000   // === Capture second 10-min candle (decision bar) === if OpenTime = decisionCandleEnd then decisionHigh = high decisionLow  = low entryLong = decisionHigh + entryBuffer entryShort = decisionLow - entryBuffer tradeDone = 0 // reset trade flag endif   // === Trade Entry (1 trade per day) === if not onmarket and tradeDone = 0 then // Long breakout if high > entryLong then buy 1 contract at market sl = close - stopLoss tp = close + takeProfit tradeDone = 1 endif   // Short breakout if low < entryShort then sellshort 1 contract at market sl = close + stopLoss tp = close - takeProfit tradeDone = 1 endif endif   // === Trade Management === if longonmarket then // Take profit if close >= tp then sell at market endif // Stop loss if close <= sl then sell at market endif endif   if shortonmarket then // Take profit if close <= tp then exitshort at market endif // Stop loss if close >= sl then exitshort at market endif endif   GraphOnPrice DecisionHigh as "High" GraphOnPrice DecisionLow as "Low"

   

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  JS

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