Hello,
i am new to the forum and this is my first post.
I want to write a simple strategy in EL but i am having some problems.
The entry comes 1 bar too late, so either the intrabarordergeneration or my bar referencing is causing problems.


As this is my first post i can not send a screenshot unfortunately.


Entry rules for short:

When a bar closes above the previous bars high, i want to go short as soon as the low of the bar that closed higher breaks during the next candle. I dont want to make the trade if the trigger candle is an outside candle or if the open of the trigger candle is outside of the previous candle.

So actually it is a 3 bar pattern:

Bar 1: doesnt really matter
Bar 2: close of bar 2 has to be greater than the high of bar 1
Bar 3: This is the trigger candle. I want this candle to break the low of bar 2. Thats when i want to sell short. However, the high of bar 3 has to be lower than the high of bar 2 and the open of bar 2 has to be inside of bar 2īs range.

The logic is the exact opposite for long trades.

Seems like i am having some trouble with the EL logic about referencing the bars. I am sometimes not sure at what point in time Tradestation reads my code so i am having problems referencing the correct bar. Maybe someone can help me out.

This is the code:

 

Code

[Intrabarordergeneration = true] Variables: bool shortCondition (false), bool longCondition (false), intrabarpersist double TriggerPriceShort (0), intrabarpersist double TriggerPriceLong (0), double oneTick (0); shortCondition = Close[1] > High[2] and Open < High[1] and Open > Low[1] and High < High[2] ; longCondition = Close[1] < Low[2] and Open < High[1] and Open > Low[1] and Low > Low[1] ; once begin oneTick = MinMove / PriceScale ; end ; //checking if the previous bar has closed and finding the trigger prices if BarStatus( 1 ) = 2 then begin TriggerPriceShort = Low[1] - oneTick; TriggerPriceLong = High[1] + oneTick; // entry if Marketposition = 0 then begin if shortCondition and Close <= TriggerPriceShort then Sell Short ( "Smash Day Short" ) 2000 shares next bar at market else if longCondition and Close >= TriggerPriceLong then Buy ( "Smash Day Long" ) 2000 shares next bar at market; end; end; // profit target if Marketposition <> 0 then Begin Setprofittarget (800); Setexitonclose; end;

Thanks for your help

Hello luki,

welcome to NexusFi. You only evaluate your order conditions at the end of a bar, since you placed them inside the "if BarStatus( 1 ) = 2 then" conditional branch.
The order would then get filled at the open of the next bar, if the conditions for an entry are present.

Regards,

ABCTG

luki 

Hello, i am new to the forum and this is my first post. I want to write a simple strategy in EL but i am having some problems. The entry comes 1 bar too late, so either the intrabarordergeneration or my bar referencing is causing problems. As this is my first post i can not send a screenshot unfortunately. Entry rules for short: When a bar closes above the previous bars high, i want to go short as soon as the low of the bar that closed higher breaks during the next candle. I dont want to make the trade if the trigger candle is an outside candle or if the open of the trigger candle is outside of the previous candle. So actually it is a 3 bar pattern: Bar 1: doesnt really matter Bar 2: close of bar 2 has to be greater than the high of bar 1 Bar 3: This is the trigger candle. I want this candle to break the low of bar 2. Thats when i want to sell short. However, the high of bar 3 has to be lower than the high of bar 2 and the open of bar 2 has to be inside of bar 2īs range. The logic is the exact opposite for long trades. Seems like i am having some trouble with the EL logic about referencing the bars. I am sometimes not sure at what point in time Tradestation reads my code so i am having problems referencing the correct bar. Maybe someone can help me out. This is the code:   Code [Intrabarordergeneration = true] Variables: bool shortCondition (false), bool longCondition (false), intrabarpersist double TriggerPriceShort (0), intrabarpersist double TriggerPriceLong (0), double oneTick (0); shortCondition = Close[1] > High[2] and Open < High[1] and Open > Low[1] and High < High[2] ; longCondition = Close[1] < Low[2] and Open < High[1] and Open > Low[1] and Low > Low[1] ; once begin oneTick = MinMove / PriceScale ; end ; //checking if the previous bar has closed and finding the trigger prices if BarStatus( 1 ) = 2 then begin TriggerPriceShort = Low[1] - oneTick; TriggerPriceLong = High[1] + oneTick; // entry if Marketposition = 0 then begin if shortCondition and Close <= TriggerPriceShort then Sell Short ( "Smash Day Short" ) 2000 shares next bar at market else if longCondition and Close >= TriggerPriceLong then Buy ( "Smash Day Long" ) 2000 shares next bar at market; end; end; // profit target if Marketposition <> 0 then Begin Setprofittarget (800); Setexitonclose; end; Thanks for your help