Hi,
can someone help me with a simple code? I've tried but it's really not my work......can't figure out how it work....
I'm trying to code a simple breakout strategy:
> buy long (limit) if price goes above 1rst minute candle + 0.01 cent
> put a stop at 1rst minute low - 0.01 cent
> position = distance from 1rst minute high and low / $fixed dollar amount

then i will try to code some better money management rules, like trailing stop or move stop at breakeven > taking profits (scaling out etc etc)

Please, someone can point me in the right direction?

thanks!

w4rri0r 

Hi, can someone help me with a simple code? I've tried but it's really not my work......can't figure out how it work.... I'm trying to code a simple breakout strategy: > buy long (limit) if price goes above 1rst minute candle + 0.01 cent > put a stop at 1rst minute low - 0.01 cent > position = distance from 1rst minute high and low / $fixed dollar amount then i will try to code some better money management rules, like trailing stop or move stop at breakeven > taking profits (scaling out etc etc) Please, someone can point me in the right direction? thanks!

@w4rri0r You will have better success if you post your sample code so that others can review it and point out any issues.

GoldenRatio 

@w4rri0r You will have better success if you post your sample code so that others can review it and point out an issues.

Hi @Golden,

i need to insert some money management in this code:

 

Code

var: FirstBarHi( 0 ), FirstBarLo( 0 ); If CurrentSession(0) <> CurrentSession(0)[1] then begin FirstBarHi = High; FirstBarLo = Low; end; if Time > 0930 and Time <= 0935 then begin // allow five min. after the open to break below or above the first min. bar of the day Buy next bar at FirstBarHi + .01 stop; Sell short next bar at FirstBarLo - .01 stop; end; Sell next bar at FirstBarLo - .01 stop; BuyToCover next bar at FirstBarHi + .01 stop; setexitonclose;

1) what i'd like to code is a position size like --> distance from low to high (in points) / fixed dollar amount
2) take profit after x conditions (like a % move in the right direction or increase in volatility) and move stop to breakeven
3) move stop to breakeven after x conditions (time etc etc)