output a distinct value?

• 09/18/2017 at 12:44 PM #46496
  besserwerden

  Hello, I have problems with a complicated loop.
  I think it would help me if someone could tell me whether the following is possible:
  If I want to define a certain value like low [1] as selltrigger.
  Is it possible to output this value as a concrete number,
  in order to calculate with this number later in the process?
  For example the low [1] was 89,10 EUR I want to code the Stop-Loss condition as:

  if close<89,10 then
  Sell size SHARES AT MARKET

  I don´t want to code:
  if close<low [1] then
  Sell size SHARES AT MARKET!

  Thanks for help 🙂

  

  besserwerden

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  09/18/2017 at 12:52 PM #46499
  Nicolas

  You can store any value in a variable and use it later in your code:

  //firstly store the value in a variable whenever you want if conditionToStore then myValue = Low[1] endif //then use this variable to trigger your 'stoploss' (exit condition here) if close < myValue then Sell size SHARES AT MARKET endif

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  //firstly store the value in a variable whenever you want if conditionToStore then myValue = Low[1] endif   //then use this variable to trigger your 'stoploss' (exit condition here) if close < myValue then Sell size SHARES AT MARKET endif

   

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  besserwerden

  

  Nicolas

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  09/18/2017 at 1:37 PM #46501
  besserwerden

  Hello Nicolas, thanks for your answer! Sounds great.

  Unfortunately, it does not work for me. When I run the code, I always get the error: “conditiontostore is not defined”(in german: Die folgende Variable ist nicht definiert:conditionToStore”…

  Any idea?

  

  besserwerden

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  09/18/2017 at 4:41 PM #46526
  besserwerden

  Hello again,

  now I see that what I wrote above was nonsens. I missinterpreted “conditionToStore” as a comand….

  Here is my lousy code (I know it is not good and can´t work this way…). But since I am a beginner, maybay someone could help me with my approach.

  _________________________

  Hammeryes=0 Hammerup=0 Hammer = CALL Hammer if Hammer[1] = 1 then Hammeryes=1 and uptrigger=high[1] and downtrigger=low[1] endif //I want to check for the four following bars after the occurance of the Hammer if ONE of them could close obove the Hammer-High. If so, for exampel the 2nd one closed above, I want to break the check-up procedure. for i = 0 to 3 do if (close[i] < uptrigger) then Hammerup=Hammerup endif else if (close[i] > uptrigger) then Hammerup=Hammerup+1 endif break if Hammerup=1 then BUY 1 SHARES AT MARKET endif if longonmarket and close < downtrigger then Sell 1 SHARES AT MARKET endif

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  Hammeryes=0 Hammerup=0   Hammer = CALL Hammer if Hammer[1] = 1 then Hammeryes=1 and uptrigger=high[1] and downtrigger=low[1] endif   //I want to check for the four following bars after the occurance of the Hammer if ONE of them could close obove the Hammer-High. If so, for exampel the 2nd one closed above, I want to break the check-up procedure. for i = 0 to 3 do if (close[i] < uptrigger) then Hammerup=Hammerup endif else if (close[i] > uptrigger) then Hammerup=Hammerup+1 endif break   if Hammerup=1 then BUY 1 SHARES AT MARKET endif   if longonmarket and close < downtrigger then Sell 1 SHARES AT MARKET endif

   

  

  besserwerden

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  09/19/2017 at 7:50 AM #46551
  Nicolas

  > For clarity of messages on ProRealCode’s forums, please use the “insert code PRT” button to separate the text of the code part! Thank you! <<

  If you want to trade the breakout of 2 defined levels, I suggest to use pending STOP orders instead. These pending orders will be set for the four following bars after an Hammer has been identified by the indicator you are “calling”:

  Hammer = CALL Hammer if Hammer[1] = 1 then uptrigger=high[1] and downtrigger=low[1] hammerbar = barindex[1] endif //check if the hammerbar is defined and if the hammer occurred in the last 4 bars if hammerbar>0 and barindex-hammerbar<=4 then buy 1 contract at uptrigger STOP sellshort 1 contract at downtrigger STOP endif

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  Hammer = CALL Hammer if Hammer[1] = 1 then uptrigger=high[1] and downtrigger=low[1] hammerbar = barindex[1] endif   //check if the hammerbar is defined and if the hammer occurred in the last 4 bars if hammerbar>0 and barindex-hammerbar<=4 then buy 1 contract at uptrigger STOP sellshort 1 contract at downtrigger STOP endif

  Please test the code and make comments.

   

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  Nicolas

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  09/19/2017 at 12:43 PM #46591
  besserwerden

  Thank you Niklas that helps me very very much!

  Without you I would never have come to this solution!

  Best wishes

  Michael

  

  besserwerden

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  09/20/2017 at 7:45 AM #46645
  Nicolas

  I made a typo while copy/paste your code in my last post, the correct code should be:

  Hammer = CALL Hammer if Hammer[1] = 1 then uptrigger=high[1] downtrigger=low[1] hammerbar = barindex[1] endif //check if the hammerbar is defined and if the hammer occurred in the last 4 bars if hammerbar>0 and barindex-hammerbar<=4 then buy 1 contract at uptrigger STOP sellshort 1 contract at downtrigger STOP endif

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  Hammer = CALL Hammer if Hammer[1] = 1 then uptrigger=high[1] downtrigger=low[1] hammerbar = barindex[1] endif   //check if the hammerbar is defined and if the hammer occurred in the last 4 bars if hammerbar>0 and barindex-hammerbar<=4 then buy 1 contract at uptrigger STOP sellshort 1 contract at downtrigger STOP endif

  Sorry for inconvenience 😐

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  besserwerden

  

  Nicolas

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