I need help to code a particular setup:

if price is +5 from previous session close at 2000 (8 pm) then buy at market

or

if price is -5 from previous session close at 2000 (8 pm) then sellshort at market



I can enter this trading condition into a complete system, but am having trouble getting the right code for this.
Thanks for any help.

tradersheldon 

I need help to code a particular setup: if price is +5 from previous session close at 2000 (8 pm) then buy at market or if price is -5 from previous session close at 2000 (8 pm) then sellshort at market

Sheldon - Here is some code that should do what you want. I added times to exit the position also. If you need more, perhaps you could provide additional details like the instrument and the bar type.

Len

 

Code

[IntrabarOrderGeneration = True] Variables: ClosePrice (Close) , OncePerDay (1) ; If Time = 2000 then begin OncePerDay = 0 ; ClosePrice = Close ; end ; If Close >= ClosePrice + 5 and Time < 1800 and OncePerDay = 0 then begin OncePerDay = 1 ; Buy next bar at open ; end ; If Close <= ClosePrice - 5 and Time < 1800 and OncePerDay = 0 then begin OncePerDay = 1 ; Sellshort next bar at open ; end ; If MarketPosition = 1 and Time > 1900 then sell next bar at open ; If MarketPosition = -1 and Time > 1900 then buytocover next bar at open ;

Lampert 

Sheldon - Here is some code that should do what you want. I added times to exit the position also. If you need more, perhaps you could provide additional details like the instrument and the bar type. Len   Code [IntrabarOrderGeneration = True] Variables: ClosePrice (Close) , OncePerDay (1) ; If Time = 2000 then begin OncePerDay = 0 ; ClosePrice = Close ; end ; If Close >= ClosePrice + 5 and Time < 1800 and OncePerDay = 0 then begin OncePerDay = 1 ; Buy next bar at open ; end ; If Close <= ClosePrice - 5 and Time < 1800 and OncePerDay = 0 then begin OncePerDay = 1 ; Sellshort next bar at open ; end ; If MarketPosition = 1 and Time > 1900 then sell next bar at open ; If MarketPosition = -1 and Time > 1900 then buytocover next bar at open ;

Thanks alot! That was enough for me to get started. I got my program finished now.
Sheldon