Entry Off Trigger Bar

[nab999 10]

Hi All,

 

I am struggling to code the following for TS 8.6.....

 

I have a simple moving average cross over system.

 

The bar on which the averages cross should be deemed to be the Trigger Bar, i.e. fast average crosses over slow average, then this bar = Trigger Bar.

 

What I am trying to do is then set an entry, which would be to enter at the high of the trigger bar plus 50% of the range of the trigger bar.

 

The if the order is not filled within 5 bars, cancel the order,

 

Below is a mix of the EL code and statements of what I want the code to do.

 

Many thanks for all your continued help guys, it has been a massive help to me as an easy language newbee.

 

Input: SlowLength(20), FastLength(60);

 

Var: Value1=average(close, slowlength);

Value2?Average(close, fastlength);

 

If Value1[1]<Value2[1] and Value1>Value2 then begin

 

This bar = Triggerbar;

End;

 

Value3=Range of TriggerBar / 100 * 50;

Value4=High of TriggerBar+Value3;

 

If TriggerBar[0] or If TriggerBar[1] or TriggerBar[2] Or TriggerBar[3] or TriggerBar[4] or TriggerBar[5] then begin

 

Buy next bar at Value4 stop;

End;

[Tams 20]

... a chart,

 

with lines and arrows... pointing to the trigger points,

 

and notes,

 

describing your thoughts on how and why it triggers,

 

will always help you see through the smoke and noise.

 

 

 

 

p.s. one tip: when you are describing the trigger point,

always make observation (and notes) on the bar before, and the bar after.

this exercise you will help see your logic emphasized, clarity enhanced, and confirmation reiterated.

[3monkeys 10]

Set a state for the condition and remember the state. Reset the state only after a trade has been made or the endBar has been hit. numEntryBars is the number of bars for the delay, which is 5 in your case.

https://www.tradestation.com/Discussions/Topic.aspx?Topic_ID=91786

[nab999 10]

Hi 3monkeys, many thanks for your reply.

 

Could you tell me how to alter the entry please.

 

With the above code the entry is the high of the trigger bar + x number of points.... what I am looking for is to have the entry price at the high of the trigger bar, plus 50% of the range of the trigger bar.

 

Again, many thanks.