TIMEFRAME ( DAYLY) — CLOSE > OPEN

• 07/20/2021 at 7:12 PM #173914
  Nicolas Castro

  Good afternoon,

  Please I need help with the following code. I seek to enter the S & P500 bought when the market meets the following conditions:

  – Bullish engulfing candle on Timeframe 5 minutes
  – Daily timeframe: Price above the exponential average of 11 periods and closing of the previous day greater than the opening of the previous day.

  z EEUU 5 m 20/07/21

  // Definición de los parámetros del código DEFPARAM CumulateOrders = False // Acumulación de posiciones desactivada TradeON = OpenDayOfWeek >= 1 AND OpenDayOfWeek <= 5 noEntryBeforeTime = 090500 timeEnterBefore = time > noEntryBeforeTime noEntryAfterTime = 215500 timeEnterAfter = time < noEntryAfterTime timeframe(daily) c10 = (close > open) indicator11 = ExponentialAverage[12](close) c11 = (close >= indicator11) //5 minute timeframe(default) c13 = Close[1] < Open[1] AND Open < Close[1] AND Close > Open[1] IF c10 and c11 and c13 and timeEnterBefore and timeEnterAfter and TradeOn and Not OnMarket THEN BUY 1 SHARE AT HIGH STOP SET STOP pLOSS 20 ENDIF //trailing stop function trailingstart = 20 //trailing will start @trailinstart points profit trailingstep = 5 //trailing step to move the "stoploss" //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN newSL = tradeprice(1)+trailingstep*pipsize ENDIF //next moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*pipsize ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THEN newSL = tradeprice(1)-trailingstep*pipsize ENDIF //next moves IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN newSL = newSL-trailingstep*pipsize ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70

  // Definición de los parámetros del código DEFPARAM CumulateOrders = False // Acumulación de posiciones desactivada   TradeON = OpenDayOfWeek >= 1 AND OpenDayOfWeek <= 5   noEntryBeforeTime = 090500 timeEnterBefore = time > noEntryBeforeTime   noEntryAfterTime = 215500 timeEnterAfter = time < noEntryAfterTime     timeframe(daily)   c10 = (close > open)   indicator11 = ExponentialAverage[12](close) c11 = (close >= indicator11)     //5 minute timeframe(default)   c13 = Close[1] < Open[1] AND Open < Close[1] AND Close > Open[1]   IF c10 and  c11 and c13 and timeEnterBefore and timeEnterAfter and TradeOn and Not OnMarket THEN BUY 1 SHARE AT HIGH STOP SET STOP pLOSS 20 ENDIF     //trailing stop function trailingstart = 20 //trailing will start @trailinstart points profit trailingstep = 5 //trailing step to move the "stoploss"   //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN newSL = tradeprice(1)+trailingstep*pipsize ENDIF //next moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*pipsize ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THEN newSL = tradeprice(1)-trailingstep*pipsize ENDIF //next moves IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN newSL = newSL-trailingstep*pipsize ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF

  I understand that the c10 condition should enter only if the close of the previous day is greater than the opening of the previous day but not that way. See images 04/23/21, on the 22nd the candle is red and it goes in the same way.

  timeframe(daily)

  c10 = (close > open)

  I would appreciate if you tell me exactly what this line means and how I have to write to get what I’m looking for.

  Thank you ,
  regards

  

  Nicolas Castro

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  07/20/2021 at 8:45 PM #173927
  robertogozzi

  Reemplace la línea 15 con:

  c10 = (close[1] > open[1])

  1	c10 = (close[1] > open[1])

  está utilizando precios de la vela actual.

  

  robertogozzi

  Moderator

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