Entries using daily bars

• 08/30/2016 at 8:51 AM #12447
  Dymjohn

  Hi All,

  I have written a strategy using daily bars to fix the entry price. I don’t think my code is working correctly can someone explain why my code took a trade at midnight when the previous day’s low had not been exceeded. Is it because at midnight it still considers Friday as the previous day? As an example trading GBPUSD on the 10 minute timetrame it took a trade at midnight(29-30th Aug)  at a price of 13104.6 but Monday low was 13059.8 whilst Friday low was 13122.0 on IG?

  // extension JAP change buy price on Mondays for Friday High/Low // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated DEFPARAM FLATAFTER = 160000 DEFPARAM PRELOADBARS = 2000 LastEntryTime = 130000 //ignore saturday and Sunday trading TD=Trading Day if DayOfWeek = 6 OR DayOfWeek = 7 THEN TD = 0 else TD = 1 endif //prices to enter trades if DayOfWeek = 1 Then BuyPrice = (DHigh(2)+3*PointSize) SellPrice = (DLow(2)-3*PointSize) else BuyPrice = (DHigh(1)+3*PointSize) SellPrice = (DLow(1)-3*PointSize) endif

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  // extension JAP change buy price on Mondays for Friday High/Low // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated DEFPARAM FLATAFTER = 160000 DEFPARAM PRELOADBARS = 2000 LastEntryTime = 130000 //ignore saturday and Sunday trading TD=Trading Day if DayOfWeek = 6 OR DayOfWeek = 7 THEN TD = 0 else TD = 1 endif //prices to enter trades if DayOfWeek = 1 Then BuyPrice = (DHigh(2)+3*PointSize) SellPrice = (DLow(2)-3*PointSize) else BuyPrice = (DHigh(1)+3*PointSize) SellPrice = (DLow(1)-3*PointSize) endif

   

  

  Dymjohn

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  08/30/2016 at 8:59 AM #12449
  Nicolas

  You should use GRAPH to see what happen. Firstly to correctly identify the Day(s)OfWeek with their good number. You could also GRAPH your BuyPrice and SellPrice variables to see if the calculation is made correctly the way you want it to.

  

  Nicolas

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  08/30/2016 at 11:32 AM #12460
  Dymjohn

  Thanks for your response Nicolas, I know the “buy” and “sell” prices work correctly so it must be that at midnight Monday into Tuesday considers Friday as the previous day . This is useful information going forward as it means “Midnight is considered part of the day that is ending”. I’ve just changed the code to Flatbefore 001000 and tested the strategy and it didn’t place a trade (aithough the trade was , thankfully,profitable). I’m not yet familiar with GRAPH will read up sometime.

  Regards

  John

  

  Dymjohn

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  08/30/2016 at 2:58 PM #12463
  Nicolas

  You’ll find how to use it in the documentation:

  http://www.prorealcode.com/documentation/graph/

  I also wrote a blog article: http://www.prorealcode.com/blog/debugging-probuilder-graph-instruction/

  GRAPH instruction is the only one that can be used for debugging purpose. If something is not functioning in your code, GRAPH will save you a lot of time to understand what is doing wrong.

  

  Nicolas

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