Easylanguage and Script Help

[Blu-Ray 10]

 

Is it possible that I can buy back 30 ticks below the entry on the same bar (if the low goes down that far) if not then the 1st bar that the low gets low enough to buy back at 30 ticks below the entry?

 

 

Just noticed your edited part, yes you can. Remove the red line below:

 

if mp = -1 then begin

buytocover ("ProfitTarget") next bar at ShortEntry - (ProfTarget*mintick) limit;

buytocover ("StoppedOut") next bar at mystop stop;

end;

 

and the add this to the bottom of the script:

 

setprofittarget( x );

 

Note: the profit target is now in dollar amount rather than number of ticks.

 

Cheers

 

Blu-Ray

[darknite999 10]

Thanks,

 

Is it possible I could do it a different way.

 

Instead of looking for the pattern on data2

 

I look for the pattern on data1 and trade on data2?

 

Cheers,

Datknite.

[darknite999 10]

And I'm not completely sure if you understood what I meant (probably because of my terrible english but anyway :P )

 

I mean that once the entry has taken place it sells 30 ticks below the entry the 1st chance it gets. If it is the same bar that has made the profit target of 30 ticks or 2 bars along it will buytocover the 1st chance it gets. (providing the stoploss hasen't bought back anyway)

 

Once again much thanks,

Darknite.

[Blu-Ray 10]

And I'm not completely sure if you understood what I meant (probably because of my terrible english but anyway :P )

 

I mean that once the entry has taken place it sells 30 ticks below the entry the 1st chance it gets. If it is the same bar that has made the profit target of 30 ticks or 2 bars along it will buytocover the 1st chance it gets. (providing the stoploss hasen't bought back anyway)

 

Once again much thanks,

Darknite.

 

Darknite

 

Yes i know what you mean, Here's a chart with your strategy ( data1 only ) using the " SetProfittarget ".

 

[Blu-Ray 10]

Thanks,

 

Is it possible I could do it a different way.

 

Instead of looking for the pattern on data2

 

I look for the pattern on data1 and trade on data2?

 

Cheers,

Datknite.

 

I don't think you can trade a strategy off data2, I'm pretty sure it has to be data1, I'll look into it after hours, unless someone else can verify.

 

Cheers

 

Blu-Ray

[Blu-Ray 10]

Here you go:

 

[darknite999 10]

Cheers I'll post more info in the morning (was out sorry)

 

For some reason the strategy does not work.

 

I've done exactly as you said, i'll show you some screen shots and what it's meant to be. It doesn't seem to trade 30 tick profit. It is usually between 2 to about 70 ticks but never 30...

strange :S

 

Cheers,

Darknite.

[darknite999 10]

Is it possible that I can buy back 30 ticks below the entry on the same bar (if the low goes down that far) if not then the 1st bar that the low gets low enough to buy back at 30 ticks below the entry?

 

Just noticed your edited part, yes you can. Remove the red line below:

 

if mp = -1 then begin

buytocover ("ProfitTarget") next bar at ShortEntry - (ProfTarget*mintick) limit;

buytocover ("StoppedOut") next bar at mystop stop;

end;

 

and the add this to the bottom of the script:

 

setprofittarget( x );

 

Note: the profit target is now in dollar amount rather than number of ticks.

 

Cheers

 

Blu-Ray

 

 

 

Great but how do I do the same to the stoploss now please?

 

Cheers,

Darknite

[darknite999 10]

Also Blu-Ray

 

I'll be PM'ing you later on/tomorrow with more detail about my strategy etc.

 

Cheers and much appreciation,

Darknite.

[Blu-Ray 10]

Great but how do I do the same to the stoploss now please?

 

Cheers,

Darknite

 

Remove these lines below:

 

if mp = -1 then begin

buytocover ("StoppedOut") next bar at mystop stop;

end;

 

and the add this to the bottom of the script:

 

setstoploss( x );

 

Note: Same as setprofittarget, the setstoploss is now in dollar amount rather than number of ticks.

 

Cheers

 

Blu-Ray

 

ps: No probs I'll await your PM.

[darknite999 10]

Cheers,

 

But is this so I can set the amount in dollars above the high or the amount in dollars it gains from the entry?

 

Would I have to put something like.

 

setstoploss (high + 10)

 

if I wanted 10 dollars above the high or what?

 

Lol, thanks once again.

 

Darknite.

[Blu-Ray 10]

Cheers,

 

But is this so I can set the amount in dollars above the high or the amount in dollars it gains from the entry?

 

Would I have to put something like.

 

setstoploss (high + 10)

 

if I wanted 10 dollars above the high or what?

 

Lol, thanks once again.

 

Darknite.

 

 

No, the setstoploss is in dollar amount only from your entry point.

 

What you require is in the original script, but I suspect you must be using a larger timeframe and have come across occasions when your stop would have been taken out on your bar of entry, but since the code only sends the stop order out 1 bar after entry, you're taking a bigger hit. Would I be correct in thinking this?

 

If so then you would have to send out your order via a 1min chart ( using 3 sets of data ) ........... now where did I put that can of worms :o

 

 

Cheers

 

Blu-Ray

[darknite999 10]

lol

 

Yeah, I'm taking a bigger hit that I should be. Grrr why do they make it so difficult to do

 

Would it be possible if you could help me to do this please?

 

and by a can of worms u mean possibly creating more problems for myself?

 

Grrrrrr

 

Thanks for eveything,

Dark-nite

[Blu-Ray 10]

lol

 

Yeah, I'm taking a bigger hit that I should be. Grrr why do they make it so difficult to do

 

Would it be possible if you could help me to do this please?

 

and by a can of worms u mean possibly creating more problems for myself?

Grrrrrr

 

Thanks for eveything,

Dark-nite

 

No, by that comment I meant me :doh:

 

I'll tell you what, instead of all this too-ing and fro-ing, explain exactly what you require ( eg, symbols, timeframes, targets, stoploss, etc ) and any little problems you've come across and I'll sort it out. You can send it by PM if you wish.

 

Cheers

 

Blu-Ray

[darknite999 10]

so yea,

 

could I put my stop loss on a 5 minute bar at 2 ticks above the entry bar?

 

if thats possible im 100% sure the stoploss will be correct everytime!

 

Cheers a million,

Darknite.

[darknite999 10]

oki doki

 

Cheers,

 

i'll send it to you in about 15 mins... just need to type it alllllllllll out

 

ignore the last message I forgot to refresh (F5) :P

 

Thanks,

Darknite.

[Blu-Ray 10]

No Probs, leave it with me as I'm on with it now, but just trying to iron out an error.

 

Cheers

 

Blu-Ray

[darknite999 10]

cheers,

 

keep me posted please:)

 

Thanks a lot,

Darknite.

[Blu-Ray 10]

Darknite

 

Here's the code you require but it has an error in it that I can seem to get rid of at the moment. As you'll see in the charts below, first one is great with entry and exits perfect, but then on the second chart, it seems to fire off an order on a second bar if the first bar had entry & profit target all within the same bar. :bang head:

 

All I can say is try it out and let me know how you get on.

 

Inputs:

ProfTarget(30),StopLoss(2 ),endtime(2000);

 

Vars:

ShortEntry(0), Permission(0), Mintick(0), mystop(0), MP(0);

 

MP = marketposition;

Mintick = minmove/pricescale;

 

Condition1 = C[1] data3 >C[2] data3 and H data3 > H [1]data3 and H data3 > H[2] data3 and C data3 < O data3;

 

if condition1 and MP = 0 and time < endtime then begin

ShortEntry = Low of data2 - (1*mintick);

mystop = High of data2 + (Stoploss*mintick);

permission = 1;

end;

 

if permission = 1 and mro(mp=-1,7,1) = -1 then begin

SellShort next bar at ShortEntry Stop;

Permission = 0;

end;

 

if permission[2] = 1 then permission = 0;

 

if mp = -1 then begin

buytocover ("StoppedOut") next bar at mystop stop;

end;

 

if mp = -1 and time > endtime then setexitonclose;

 

setprofittarget( ProfTarget );

 

 

 

 

( Note: Set up your chart like in the pics above, 5 min of stock on data1, 30 min of stock on data2 and $INDU on data3 )

 

Cheers

 

Blu-Ray

[darknite999 10]

Cheers,

 

I appreciated you hard work

 

I'll test it a little later today and preply back as soon as I've done it.

 

Thanks ever so much,

Darknite.

[darknite999 10]

ok I think i've nearly sorted this out now (finally)

I think I only need to add one last bit of code in.

That would be only 1 trade maximum between every natural hour is allowed.

 

So for more depth:

 

If there is a setup and it sells short once it has made it's profittarget of 30 ticks it buys to cover. A new trade can not be initiated until the natural hour is up.

 

For example if it sells short at the time of 13:08 and buys to cover at:

13:59 - it can make a new trade at 14:00

or

14:01 - it can only make a new trade ar 15:00

 

Thanks,

Darknite.

[Blu-Ray 10]

Darknite

 

Yes it's do-able, but I'm away now for a week, so I'll look into it when I get back, unless someone else sorts it out in the meantime.

 

Cheers

 

Blu-Ray

[darknite999 10]

Ok have a good time talk soon,

 

Darknite.

[darknite999 10]

Hey blu-ray,

 

How are you?

 

No one decided to help :crap:

 

Any luck with what we'd been talkin about?

 

Much thanks,

Darknite

[Blu-Ray 10]

Darknite

 

Give this a try:

 

Inputs:

ProfTarget(30),StopLoss(2 ),endtime(2000);

 

Vars:

ShortEntry(0), Permission(0), Mintick(0), mystop(0), MP(0);

 

MP = marketposition;

Mintick = minmove/pricescale;

 

Condition1 = C[1] data3 >C[2] data3 and H data3 > H [1]data3 and H data3 > H[2] data3 and C data3 < O data3;

 

if condition1 and MP = 0 and time < endtime and permission = 0 then begin

ShortEntry = Low of data2 - (1*mintick);

mystop = High of data2 + (Stoploss*mintick);

permission = 1;

end;

 

if permission = 1 and mro(mp=-1,7,1) = -1 then begin

SellShort next bar at ShortEntry Stop;

Permission = 2;

end;

 

if permission = 2 and mod(t,100)=0 and mp <> 0 then permission = 2;

if permission = 2 and mod(t,100)=0 and mp = 0 then permission = 0;

 

if mp = -1 then begin

buytocover ("StoppedOut") next bar at mystop stop;

end;

 

if mp = -1 and time > endtime then setexitonclose;

 

setprofittarget( ProfTarget );

 

Cheers

 

Blu-Ray