multi timeframe question

• 08/15/2023 at 8:13 PM #219128
  pointofbrew

  Hi everyone.

  Time is a crucial condition of my strategy and PRT doesn’t allow for time based order cancellations. Because I must wait for an actual candle to close before an order is deleted, this forces me to trade from a lower timeframe than what I normally would and aggregate the candles. E.g. I would normally trade a M5 timeframe, but in order to cancel an order e.g. after 2 minutes, I can’t wait for a M5 candle to close. That’s 5 minutes. So I must trade M1 candles based on my M5 setups, mark up the high and low of five period M1 candles which is then equal to the high and low of the M5 candle.

  Now I’m able to stop an order from repeating after 2 minutes, but my question is if it’s possible to place orders at e.g. high of a candle with a different timeframe than from the timeframe the algo is running on?

  I have read about multi timeframe support, but this still remains unclear to me.

  Thanks in advance

   

  

  pointofbrew

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  08/15/2023 at 10:01 PM #219131
  GraHal

  Yes you can do what you want, below is an example, courtesy of JS from the link

  https://www.prorealcode.com/topic/multitimeframe-automatic-trading/#post-218966

  DefParam CumulateOrders=False TimeFrame(5 minutes, UpDateOnClose) Zenith=High+4*pipsize TimeFrame(Default) //TF 10 seconds If Close>=Zenith then Buy 1 contract at Market EndIf If OnMarket and BarIndex-TradeIndex>=30 then Sell at Market EndIf GraphOnPrice Zenith

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  DefParam CumulateOrders=False TimeFrame(5 minutes, UpDateOnClose) Zenith=High+4*pipsize TimeFrame(Default) //TF 10 seconds If Close>=Zenith then Buy 1 contract at Market EndIf If OnMarket and BarIndex-TradeIndex>=30 then Sell at Market EndIf GraphOnPrice Zenith

   

  3 users thanked author for this post.

  Midlanddave, robertogozzi, pointofbrew

  

  GraHal

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  08/18/2023 at 8:33 AM #219288
  pointofbrew

  Thanks a million!

  1 user thanked author for this post.

  GraHal

  

  pointofbrew

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