help coding a Break Out strategy on Gbp/Usd

• 01/04/2021 at 12:26 PM #156206
  ullle73

  Hi, is this possible to code for a strategy? If so, would anyone be so kind and help out coding it ? 🙂

   

  1) At exactly 8am UK Time take the price of GBP USD
  2) Place a Buy stop at price +40 pips, stop loss 80 pips, take profit 240 pips, trailing stop 60
  pips
  3) Place a sell stop at price -40 pips, stop loss 80 pips, take profit 240 pips, trailing stop 60
  pips
  4) If trade entry level is hit, delete second trade order
  5) Close all trades at 6pm UK time

  

  ullle73

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  01/04/2021 at 1:05 PM #156216
  robertogozzi

  Give your topic a meaningful title. Describe your question or your subject in your title. Do not use meaningless titles such as ‘Coding Help Needed’. Thank you 🙂

  I changed it.

  There you go:

  DEFPARAM CumulateOrders = FALSE ONCE EntryShort = 0 ONCE EntryLong = 0 IF Time = 090000 THEN //currently LONDON is 1 hour behind CET EntryLong = close + 40 * pipsize EntryShort = close - 40 * pipsize ENDIF IF OnMarket OR (StrategyProfit <> StrategyProfit[1]) THEN EntryLong = 0 EntryShort = 0 ENDIF IF OnMarket AND Time = 190000 THEN //currently LONDON is 1 hour behind CET SELL AT Market EXITSHORT AT Market ENDIF IF EntryLong THEN BUY 1 Contract AT EntryLong STOP SET STOP pLOSS 80 SET TARGET pPROFIT 240 ENDIF IF EntryShort THEN SELLSHORT 1 Contract AT EntryShort STOP SET STOP pLOSS 80 SET TARGET pPROFIT 240 ENDIF //************************************************************************ //trailing stop function // // https://www.prorealcode.com/blog/trading/complete-trailing-stop-code-function/ // trailingstart = 60 //trailing will start @trailinstart points profit trailingstep = 60 //trailing step to move the "stoploss" //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN newSL = tradeprice(1)+trailingstep*pipsize ENDIF //next moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*pipsize ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THEN newSL = tradeprice(1)-trailingstep*pipsize ENDIF //next moves IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN newSL = newSL-trailingstep*pipsize ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF

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  DEFPARAM CumulateOrders = FALSE ONCE EntryShort = 0 ONCE EntryLong  = 0 IF Time = 090000 THEN                 //currently LONDON is 1 hour behind CET EntryLong  = close + 40 * pipsize EntryShort = close - 40 * pipsize ENDIF IF OnMarket OR (StrategyProfit <> StrategyProfit[1]) THEN EntryLong  = 0 EntryShort = 0 ENDIF IF OnMarket AND Time = 190000 THEN    //currently LONDON is 1 hour behind CET SELL      AT Market EXITSHORT AT Market ENDIF IF EntryLong  THEN BUY 1 Contract AT EntryLong STOP SET STOP   pLOSS   80 SET TARGET pPROFIT 240 ENDIF IF EntryShort THEN SELLSHORT 1 Contract AT EntryShort STOP SET STOP   pLOSS   80 SET TARGET pPROFIT 240 ENDIF //************************************************************************ //trailing stop function // // https://www.prorealcode.com/blog/trading/complete-trailing-stop-code-function/ // trailingstart = 60   //trailing will start @trailinstart points profit trailingstep  = 60   //trailing step to move the "stoploss" //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN newSL = tradeprice(1)+trailingstep*pipsize ENDIF //next moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*pipsize ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THEN newSL = tradeprice(1)-trailingstep*pipsize ENDIF //next moves IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN newSL = newSL-trailingstep*pipsize ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF

   

  

  robertogozzi

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