ORB 15M error with buy limit MultiTimeFrame
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Hi everyone, i have a problem, here is my system that i’m working on, is a Breokout of the first 15m bar, in a 5m timeframe default.
The problem is that the price limit is not respected, as you can see in the photo.
Here is the code:
123456789101112131415161718192021222324252627282930313233343536373839404142434445464748495051525354555657585960616263646566676869707172737475767778798081828384858687888990919293949596979899100101102103104105106107108109110111112113114115116117118119120121122123124125126127128129130131132133134135136137138139140141142143144145146147148149150151152153154155156157158159160161162163164165166167168169170171172173174175176177DEFPARAM FLATBEFORE = 080000DEFPARAM PRELOADBARS = 10000DEFPARAM FLATAFTER = 210000DEFPARAM CUMULATEORDERS = FALSEonce maxsetup = 0once minSetup = 0PROFITLONG=20STOPLONG=50PROFITSHORT=50STOPSHORT=50TIMEFRAME (15 MINUTES, UPDATEONCLOSE)ONCE RES = 0//ONCE SUPP= 0if time=091500 thenres=highsupp=lowendifTIMEFRAME (DEFAULT)longok=(close[1]crosses over res) AND (close[1]> res)shortok= (close[1] crosses under supp) and (close[1]<supp)//BUY ORDERSif not onmarket and TIME > 93000 AND TIME < 100000 and longok THENIF maxsetup = 0 THENmaxsetup = resendifBUY 5 CONTRACT AT maxsetup stopendif//SELL ORDERSif not onmarket and TIME > 93000 AND TIME < 100000 and shortok THENif minsetup = 0 thenminsetup = suppendifSELLSHORT 5 CONTRACT AT minsetup stopENDIFIF LONGONMARKET THENSET TARGET PPROFIT PROFITLONGSET STOP PLOSS STOPLONGELSEIF SHORTONMARKET THENSET TARGET PPROFIT PROFITSHORTSET STOP PLOSS STOPSHORTENDIFENDIFif time>212300 thenexitshort at marketsell at marketendifTIMEFRAME (DEFAULT)////TRAILING STOP & BREAKEAVEN//1////////////////////////////////////////////////////////once trailinstop= 1 //1 on - 0 offtrailingstart = 35 //trailing will start @trailinstart points profittrailingstep = 35 //trailing step to move the "stoploss"//////////////once breakeaven = 1 //1 on - 0 offstartBreakeven = 20 //how much pips/points in gain to activate the breakeven function?PointsToKeep = 5 //how much pips/points to keep in profit above of below our entry price when the breakeven is activated (beware of spread)//////////////////////////////////partial closeonce PCLOSE=0// --- Partial Close settings ---size = 5mincontracts = 1trigger = 22pointback = 3closepercent = 20if not onmarket thenAllowPartialClose=0endif/////////////////////////////////////////////////////////////2/////////////////////////////////////////////////reset the breakevenLevel when no trade are on marketIF NOT ONMARKET THENbreakevenLevel=0ENDIF//3//////////////////////////////test if the price have moved favourably of "startBreakeven" points alreadyif breakeaven>0 thenIF onmarket AND close-tradeprice(1)>=startBreakeven*pipsize THEN//calculate the breakevenLevelbreakevenLevel = tradeprice(1)+PointsToKeep*pipsizeENDIF//place the new stop orders on market at breakevenLevelIF breakevenLevel>0 THENSELL AT breakevenLevel STOPENDIFendif//************************************************************************//trailing stop functionif trailinstop>0 then//reset the stoploss valueIF NOT ONMARKET THENnewSL=0ENDIF//manage long positionsIF LONGONMARKET THEN//first move (breakeven)IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THENnewSL = tradeprice(1)+trailingstep*pipsizeENDIF//next movesIF newSL>0 AND close-newSL>=trailingstep*pipsize THENnewSL = newSL+trailingstep*pipsizeENDIFENDIF//manage short positionsIF SHORTONMARKET THEN//first move (breakeven)IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THENnewSL = tradeprice(1)-trailingstep*pipsizeENDIF//next movesIF newSL>0 AND newSL-close>=trailingstep*pipsize THENnewSL = newSL-trailingstep*pipsizeENDIFENDIF//stop order to exit the positionsIF newSL>0 THENSELL AT newSL STOPEXITSHORT AT newSL STOPENDIFendif/////////////////////////////////////////////////////////////////////////////////////////## -- PARTIAL CLOSE PRICE BACK FUNCTION -- ##//## - BUY ORDERSIF PCLOSE>0 THENif longonmarket then//trigger for the partial closure function to startif close-tradeprice>=trigger*pointsize thenAllowPartialClose = 1endifif AllowPartialClose then//compute the maxprice reachedmaxprice = max(maxprice,close)//check to trigger a partial closure or notif maxprice-close>=pointback*pointsize then//close partiallysell max(mincontracts,size*(closepercent/100)) contracts at market//reset the maxprice to the current pricemaxprice = closeendifendifendif//## - SELLSHORT ORDERSif shortonmarket then//trigger for the partial closure function to startif tradeprice-close>=trigger*pointsize thenAllowPartialClose = 1endifif AllowPartialClose then//compute the maxprice reachedminprice = min(minprice,close)//check to trigger a partial closure or notif close-minprice>=pointback*pointsize then//close partiallyexitshort max(mincontracts,size*(closepercent/100)) contracts at market//reset the maxprice to the current priceminprice = closeendifendifendifENDIFYour strategy works fine as you asked it to do!
As from the attached screenshot you can see that at 9:55 it enters a trade because the conditions were true in the setup bar at 9:50. Condition you asked to be met were that the previous candle (at 09:45) had crossed over RES, which it did!
Lines 19-20 can be written
12longok=(close[1]crosses over res)// AND (close[1]> res)shortok= (close[1] crosses under supp)// and (close[1]<supp)since for a crossover/under to be true CLOSE must be above/under RES or SUPP.
The problem is, I guess, that you are referencing the previous candle ([1]) instead of the current one.
1 user thanked author for this post.
After line 21 insert these lines:
1234if OnMarket THENMinSetup=0MaxSetup=0ENDIFotherwise they’ll never be reset and lines 25 and 33 will never be true again!
Also, despite not affecting the strategy itself, this code is logically WRONG (lines 19-20) as I said before:
12longok=(close[1]crosses over res) AND (close[1]> res)shortok= (close[1] crosses under supp) and (close[1]<supp)1 user thanked author for this post.
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