Inside Bar Strategy, Pro-order.

• 04/04/2019 at 2:41 PM #95481
  abacus23

  I am trying to write a pro-order strategy code, based around the inside bar.

  I have looked online to try and help, but the assisted creation only seems to be able to get me so far, I can’t seem to progress any further.  I have looked through previous strategies, but they are not helping.

  Here goes…

  For the inside bar to be valid, it must include the extreme wicks, so it is completely inside the previous candle.

  Hourly chart, DOW.

  No trades on Saturday or Sunday.

  No time restrictions.

  If an inside bar occurs, the strategy looks for certain conditions, to take, or not take, the trades.

  Condition 1; if the price close at 23:00 today, is higher than the price close at 23.00 yesterday, then only a long position can be taken, off the inside bar.

  Condition 2: if the price close at 23:00 today, is lower than the price close at 23.00 yesterday, then only a short position can be taken, off the inside bar.

  Stop: 5 pips higher/lower, than the inside bar low/high including the wicks.

  Target: Size of the inside bar, (including high/low wicks).

  I have attached a chart as an example.

   

  I don’t mind having a go with the code, if people give hints.

  Indicator1 was my screener, that show yellow or blue candles, when it is an inside bar.

  DEFPARAM CumulateOrders = False n = 1 REM Définition du Harami c1= high[0] < high[1] c2= low[0] > low[1] harami = c1 and c2 CALL "INSIDE BAR" c1 = (close > indicator1) IF c1 THEN BUY 1 PERPOINT AT MARKET ENDIF tcondition = time>230000 and time<000000 IF harami and close < open and not daysforbiddenentry THEN buy n shares at market nextbaropen ENDIF IF harami and close > open and not daysforbiddenentry THEN sellshort n shares at market nextbaropen ENDIF // Clôture IF barindex - tradeindex = 1 THEN sell at market exitshort at market ENDIF // Prevents the system from placing new orders on specified days of the week daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0

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  DEFPARAM CumulateOrders = False n = 1 REM Définition du Harami c1= high[0] < high[1] c2= low[0] > low[1] harami = c1 and c2   CALL "INSIDE BAR" c1 = (close > indicator1)   IF c1 THEN BUY 1 PERPOINT AT MARKET ENDIF   tcondition = time>230000 and time<000000   IF harami and close < open and not daysforbiddenentry THEN buy n shares at market nextbaropen ENDIF IF harami and close > open and not daysforbiddenentry THEN sellshort n shares at market nextbaropen ENDIF // Clôture IF barindex - tradeindex = 1 THEN sell at market exitshort at market ENDIF   // Prevents the system from placing new orders on specified days of the week daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0

   

  

  abacus23

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