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Opening Range Custom


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Opening Range Custom

  #1 (permalink)
 
simon14's Avatar
 simon14 
TORONTO
 
Experience: Advanced
Platform: multi charts
Trading: crude cl
Posts: 19 since Sep 2016
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So i have taken a couple diff systems and combined them, iam fairly new at EL and iam getting stuck atm trying to make the Open range midpoint the stop for the system any ideas what iam missing ?? It produces the entries but not the exits. In the future i want to make daily pivot extensions the targets but thats one day at a time here lol. I Have underlined the new code i added where the problems are most likely located. This is one of big mikes strategies iam changing to my method slowly while i learn EL.

thank you

Inputs:
startTime ( 8 ),
endTime ( 11 ),
startTradeTime ( 11 ),
stoploss ( 16 ),
target1 ( 32 ),
target2 ( 16 ),
target3 ( 72 ),
datramt ( 1 );

variables:
sessHi (0),
sessLo (0),
sessOp (0),
sessMid (0);

if date <> date[1] then begin
sessOp = Open;
sessLo = Low;
sessHi = High;
sessMid = (( high + low ) * 0.50 );

end;

if time < endTime * 100 then begin
if High > SessHi then SessHi = High;
if Low < SessLo then SessLo = Low;
end;

SetStopContract;

SetStopLoss( stoploss * BigPointValue );

// entries


if Close > SessHi then begin
Buy 3 Contracts Next Bar At Market;

end;
if Close < SessLo then begin
Sellshort 3 Contracts Next Bar At Market;
end;

// order management

if marketposition = 1 then begin

if currentbar < sessMid then sell 3 contracts next bar at open;

if marketposition = -1 then begin

if currentbar > sessMid then sell 3 contracts next bar at open;

end;

end;

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  #3 (permalink)
 ABCTG   is a Vendor
 
Posts: 2,435 since Apr 2013
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Hi simon14,

with the code below you check for a bar number being above/below a price as an exit condition. While the code will verify and eventually trigger signals, I doubt that this is what you intend to do.
 
Code
if currentbar < sessMid then sell 3 contracts next bar at open;

if currentbar > sessMid then sell 3 contracts next bar at open;
For your entries you check for "Close" being above/below a trigger price and this is what I'd suggest to test for your exits, too.

Regards,

ABCTG

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Last Updated on October 7, 2016


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