How to Retrace?

• 06/23/2022 at 8:38 AM #195911
  deltasystem

  can anyone help me out here….

  I want to add to my code that the entry should not be on the open of the next bar according to the following code but only after the opening and after the price has retraced x number of points.
  How would I do this for a long /and short)?

  >IF (c1 AND c2) AND not daysForbiddenEntry THEN
  BUY 1 CONTRACT AT MARKET
  ENDIF

  thankyou!

  

  deltasystem

  Participant

  Topics: 6

  Replies: 13

  Been thanked: 1 time
  06/25/2022 at 10:40 AM #196073
  JS

  How to Retrace

  Once OpeningTime = 090000 Once xPoints = 5 Once PositionSize = 1 If Time >= OpeningTime and Not OnMarket then HighRetracement = High - Close LowRetracement = Close - Low If HighRetracement >= xPoints and C1 and C2 then SellShort PositionSize contracts at Market ElsIf LowRetracement >= xPoints and C1 and C2 then Buy PositionSize contracts at Market EndIf EndIf

  1 2 3 4 5 6 7 8 9 10 11 12 13

  Once OpeningTime = 090000 Once xPoints = 5 Once PositionSize = 1   If Time >= OpeningTime and Not OnMarket then HighRetracement = High - Close LowRetracement = Close - Low If HighRetracement >= xPoints and C1 and C2 then SellShort PositionSize contracts at Market ElsIf LowRetracement >= xPoints and C1 and C2 then Buy PositionSize contracts at Market EndIf EndIf

  Hi @deltasystem

  You can use:

  HighRetracement = High – Close

  LowRetracement = Close – Low

   

  2 users thanked author for this post.

  deltasystem, Midlanddave

  

  JS

  Participant

  Topics: 27

  Replies: 1814

  Been thanked: 884 times
• Author
  Posts