NEED HELP TO CODE THE OIL BREAKOUT SYSTEM

• 11/18/2016 at 5:58 PM #16785
  GAMMA

  WE NEED HELP TO CODE , 

  OIL/NGAS / TIME 9.00  END2.00  @5 MIN OPEN RANGE   FOR OIL/GAS

  WHEN THE PRICE GO 8 TICK UP OR DOWN AND STAY THERE FOR 2.50 MIN  . THEN A BUY AND SELL ORDER PLACE

  LOT 2

  NO TRADE ON WED DAY  TILL 10.35 AM

  STOP LOSS 15 TARGET 2

   

   

   

  

  GAMMA

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  11/18/2016 at 6:00 PM #16786
  GAMMA

  SORRY STOP LOSS 15/ TARGET  IS25

  

  GAMMA

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  11/18/2016 at 11:06 PM #16792
  Wing

  On a 5-minute timeframe, you can’t check whether a price stays somewhere for 2.5 min, only in increments of 5 min can you check this.

   

   

  

  Wing

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  11/18/2016 at 11:16 PM #16793
  GAMMA

  it was just to make sure the no false breakout, it can be 5 min 

  thank you for your advise 

  p.s i took from the book of mark a fisher  he was floor trader at nymex

  

  GAMMA

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  11/18/2016 at 11:44 PM #16794
  Wing

  Alright, maybe here is a code you can try. Note that you might need to change “8” to really be 8 ticks.

  timech=090500 if dayofweek=3 then timech=103500 endif if time=timech then if close>close[1]+8 then buy 1 lot at market endif if close<close[1]-8 then sellshort 1 lot at market endif endif if time>=140000 then sell at market exitshort at market endif set stop loss 15 set target profit 25

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  timech=090500 if dayofweek=3 then timech=103500 endif   if time=timech then if close>close[1]+8 then buy 1 lot at market endif if close<close[1]-8 then sellshort 1 lot at market endif endif   if time>=140000 then sell at market exitshort at market endif   set stop loss 15 set target profit 25

   

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  Nicolas

  

  Wing

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  11/20/2016 at 11:10 AM #16822
  Nicolas

  Thanks a lot Wing for helping coding GAMMA’s request.

  As you said, to adapt the number “8” to be more universal for every instruments, you can multiply it with “ticksize”, like this:

  if close>close[1]+8*ticksize then

  1	if close>close[1]+8*ticksize then

   

  

  Nicolas

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  11/20/2016 at 4:36 PM #16851
  GAMMA

  wing, thank you very much it was great, I will like to add some more on Monday .

  

  GAMMA

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  11/20/2016 at 9:12 PM #16866
  GAMMA

  HERE IS SOME WAY WE CAN CONTROL THE FALSE BREAOUT

  A. HIGH+LOW+CLOSE  DIVIDED BY 3

  B. HIGH+LOW DIVIDED BY 2

  C . A-B=

  D. C+ A AND THEN C- A

  THIS IS CALLED DAILY PIVOT RANGE/ IF THE  PREVIOUS DAY CLOSE WAS ABOVE TODAY DAILY PIVOT RANGE IT BULLISH

  

  GAMMA

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  11/20/2016 at 9:14 PM #16867
  GAMMA

  IF IT CLOSE BELOW TODAY DAILY PIVOT RANGE THEN IS  BEARISH

  

  GAMMA

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