Entry, Exit and Profit coding in autotrading

• 11/30/2016 at 1:33 PM #17550
  Lasse

  Hi,

  I am trying to code an auto-traded strategy but would need some “basic” help to complete it as I am still new to the programming – so straight to the Questions:

  • Q1 – Exit: In the auto trading function you will by default exit at market price, next bar open. I rather want to exit at current bar 5 minutes before closing. How to code that?
  • Q2 – Entry: By default, you enter at market price, next bar open. I rather want to enter next bar open IF e.g. +0.2% above prev candle high. How to code that?
  • Q3 – Profit: At previous structure high (looking e.g. 20 days back). How to code that?

   

  Many thanks in advance! Examples are appreciated too.

   

  Lasse

  

  Lasse

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  11/30/2016 at 3:14 PM #17572
  Nicolas

  Please find below answers to your 3 questions:

  1/ Not possible until the multi-timeframe is available in the coding languag

  2/ You need to place on market a pending STOP order at current high price * 0.002 , it will only last 1 candlestick:

  BUY 1 SHARE AT high*1.002 STOP

  1	BUY 1 SHARE AT high*1.002 STOP

  3/ First define the profit in points between the 20 days back highest high and the current close (price when the calculation will be made):

  takeprofit = highest[20](high)[1]-close

  1	takeprofit = highest[20](high)[1]-close

  then set your takeprofit in your code with this instruction:

  SET TARGET PROFIT takeprofit

  1	SET TARGET PROFIT takeprofit

   

  

  Nicolas

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