Immediate at market buy code

• 01/04/2019 at 2:25 AM #87974
  Tbone6060

  Is it possible to have code to buy at market immediately as the signal is generated, rather than at market which is on the open of the next candle? any help would be greatly appreciated.

  

  Tbone6060

  Participant

  Topics: 3

  Replies: 3

  Been thanked: 0 times
  01/04/2019 at 8:56 AM #87980
  Nicolas

  Yes, it is possible, but with multi timeframe coding instructions, not yet activated publicly (still beta).

  Firstly, embed all your strategy code into the desired timeframe: (15-minutes one for example)

  timeframe(15 minutes) test = rsi[14] crosses over 50

  1 2	timeframe(15 minutes) test = rsi[14] crosses over 50

  Then, embed in timeframe “default”, the orders management. Default timeframe will be the one where the strategy will be running, so in order to get almost instantaneous code reading, send it on the smaller timeframe possible (aka 1-second TF):

  timeframe(default) if not onmarket and test then buy at market endif

  1 2 3 4

  timeframe(default) if not onmarket and test then buy at market endif

  So in this example, the “test” variable will be sync with the default timeframe, the test condition will be tested each second, but with the RSI value from the 15-minutes TF.

  Also, keep in mind that the RSI value will continuously changing during the 15 minutes bar, changing its value depending of new ticks received each new second. It is possible to use the RSI value the “normal” way, with calculation made only at bar Close with “timeframe(15 minutes,updateonclose)”, but it would make no sense here as per your initial request.

   

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20863

  Been thanked: 4774 times
• Author
  Posts