distance calculation with TRADEPRICE

• 08/06/2023 at 11:37 PM #218654
  supernova

  I’m new to prorealcode and I’m just looking over the documentation  / trying my first scripts, however when I look here https://www.prorealcode.com/documentation/tradeprice in the examples it says close-TRADEPRICE

   

  Looking here: https://www.prorealcode.com/documentation/breakeven/

  high-tradeprace and tradeprice-low is used

  Where does that close- come from? Can I prefix this to any candlestick ? Can anyone point me to the doc where this close- and maybe other prefix / afixes are documented ?

   

  cheers

  

  supernova

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  08/07/2023 at 3:19 AM #218655
  PeterSt

  Hi there,

  if high-tradeprice >= 10*pointsize then

  1	if high-tradeprice >= 10*pointsize then

  Hyphens (-) do not exist in the ProRealCode / ProBuilder language, so this is to be read as

  if high - tradeprice >= 10*pointsize then

  1	if high - tradeprice >= 10*pointsize then

  Regards,
  Peter

  

  PeterSt

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  08/07/2023 at 8:50 AM #218660
  Nicolas

  Candlesticks have constants price: Open, High, Low and Close

  Close – TRADEPRICE

  is a subtract of these 2 price constants that give a distance in price.

  

  Nicolas

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  08/07/2023 at 9:27 AM #218671
  JS

  Because you’re new… 🙂

   

  As you have read, the “TradePrice” is the price level at which the last order was executed…

  You can now, in combination, check different situations with this TradePrice for example, am I in profit with my purchased (Long) contract?

  If Close – TradePrice > 0 then (yes, I am in profit)

   

  Of course, instead of the “Close”, you can also use “Low”, “High” or “Open”…

  In general, you can check what the situation is in relation to the price (TradePrice) for which you have bought / sold something…

   

  Note: TradePrice=TradePrice(0)=TradePrice(1)

  

  JS

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  08/07/2023 at 9:58 AM #218674
  supernova

  Okay got It, thanks very much, now it makes sense.

   

  

  supernova

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  08/07/2023 at 10:36 AM #218676
  MauroPro

  I would like to emphasize just one important thing that reminded me Roberto in an old post: tradePrice(1) is non the entry price, but simply the last traded price.

  So, when you are NOT AT MARKET tradePrice(1) is the exit price of the last position and the entry price is tradePrice(2).

  2 users thanked author for this post.

  JS, Nicolas

  

  MauroPro

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  08/07/2023 at 10:38 AM #218677
  Nicolas

  MauroPro wrote:

  So, when you are NOT AT MARKET tradePrice(1) is the exit price of the last position and the entry price is tradePrice(2)

  Yes because an exit is actually an order, so a trade, so a new TRADEPRICE

  😉

   

  

  Nicolas

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  08/08/2023 at 12:09 AM #218704
  supernova

  so it behaves like an array for every order that occured and every order gets pushed onto it?

  thanks for the additional information

   

  btw.. i searched and didn’t find anything, is there maybe a discord channel for prorealcode ?

   

  

  supernova

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