Multiple conditions on a single BAR and STOPs

• 04/11/2017 at 2:08 PM #31728
  robertogozzi

  With this strategy:

  DEFPARAM CumulateOrders = false IF close > open THEN BUY 1 CONTRACTS AT MARKET ENDIF IF Macd[12,26,9](close) > 0 THEN SET TARGET pPROFIT 30 SET STOP pLOSS 15 BUY 1 CONTRACTS AT MARKET ENDIF SET TARGET pPROFIT 20 SET STOP pLOSS 10

  1 2 3 4 5 6 7 8 9 10 11 12 13 14

  DEFPARAM CumulateOrders = false   IF close > open THEN    BUY 1 CONTRACTS AT MARKET ENDIF   IF Macd[12,26,9](close) > 0 THEN    SET TARGET pPROFIT  30    SET STOP   pLOSS    15    BUY 1 CONTRACTS AT MARKET ENDIF   SET TARGET pPROFIT  20 SET STOP   pLOSS    10

  (1) –  both conditions are true within the SAME bar, does ProOrder enters only 1 trade or 2, despite

  DEFPARAM CumulateOrders = false

  1	DEFPARAM CumulateOrders = false

  ?

  (2) – if and when the first condition is true, do SL and TP are set according to the two last lines, despite they are set before within

  IF ... ENDIF

  1	IF ... ENDIF

  ?

  Thanks.

  

  robertogozzi

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  04/11/2017 at 2:25 PM #31730
  Nicolas

  Remember that code is read from top to bottom, so it will only be the first condition to be true that will launch the only one allowed trade by CumulateOrders=false.

  About your point ‘2), sorry I don’t understand. If the set stop and set target are written at the bottom of the code, without been nested into a conditional statement, they will be read and executed by the server for the order launched some lines before.. Am I clear? 🙂

   

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  robertogozzi

  

  Nicolas

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