Create code for a breakout system

• 08/10/2017 at 10:22 AM #42858
  DT

  Hello,

  I would need some help to create the code for a breakout system. If I would like to go long/short the cable after it have created a 2h-range between 8-10 in the morning and then exit 24 hours later.
  Stoploss and entry in the other direction should be at the same level.

  I´m learning how to code right now but are not good enough to create this yet…Would be really happy if anyone could help!

  Thanks!

  

  DT

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  08/11/2017 at 8:04 PM #43040
  Wing

  Assuming for example you use the 15m timeframe, something like this?

  defparam cumulateorders=0 once RangeHigh=10000000 once RangeLow=0 If time=100000 then RangeHigh=Highest[8](high) RangeLow=Lowest[8](low) endif If Time=PositionTime then sell at market exitshort at market endif if time>100000 if close>RangeHigh and onmarket=0 then buy 1 lot at market PositionTime=Time set stop loss close-rangelow endif if close<RangeLow and onmarket=0 then sellshort 1 lot at market set stop loss rangehigh-close PositionTime=Time endif endif

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  defparam cumulateorders=0   once RangeHigh=10000000 once RangeLow=0   If time=100000 then RangeHigh=Highest[8](high) RangeLow=Lowest[8](low) endif   If Time=PositionTime then sell at market exitshort at market endif   if time>100000 if close>RangeHigh and onmarket=0 then buy 1 lot at market PositionTime=Time set stop loss close-rangelow endif if close<RangeLow and onmarket=0 then sellshort 1 lot at market set stop loss rangehigh-close PositionTime=Time endif endif

   

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  Wing

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  08/14/2017 at 5:10 PM #43169
  Nicolas

  Thank you Wing for your invaluable help in answering the requests of the forum members, it helps me enormously and I am very grateful to you. You deserve the blue badge of ‘best contributor’ 🙂

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  Wing

  

  Nicolas

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