Wanting Easylanuage Help

[tradingforex 10]

The program I have buys and sell off a number + or - the open ... instead of buying there I just want to use it to signal the buy...but at next days open I want to test to see if I can trade leverage index funds on my 401k... note this program buys one day and can sell the next...how much to change the code ...

 

 

 

{Counter-Trend Buy}

If date=date1 and marketposition<>1 and Close < Open and Close < Close[29] and Range < 1.618 * Average(Range,80) and marketstrength>-.50 then

begin

Print(Date:6:0," Bear Buy Tomorrow's buy entry stop is "+numtostr(2* (Close-Low)+.05,2) + " points above tomorrow's open");

WriteMsg = "Buy" + "," + numtostr(2* (Close-Low)+.05,2) + "," + "above";

end;

if marketposition<>1 and Close < Open and Close < close[29] and Range < 1.618 * Average(Range,80) and MarketStrength>-.50 then Buy("BearBuy") Next Bar at NxOpen + 2 * (close-low) + .05 stop;

[BlueHorseshoe 10]

Hi,

 

This might take a few replies before we get to the solution you want . . .

 

I am a little unclear as to precisely what your question is and what your aim is. My understanding of your current code is that if a series of conditions are met today then you

 

a) send text to the print log specifying the level of a buy entry stop order for tomorrow

b) write a message specifying the level of a buy entry stop order for tomorrow

c) place a buy entry stop at the desired level to potentially be filled during tomorrow's trading

 

Which of these elements of the code do you wish to remove or amend?

 

Are you using tradestation or multicharts?

 

I understand that you just wish to test your idea and that you do not want an actual order to be filled. Do you want to test your idea by getting an onscreen signal the performance for which you then track manually, or by producing a comprehensive backtest report in a sim account?

 

If you can give me a bit more info relating to these questions then I should be able to help you better.

 

BlueHorseshoe

[tradingforex 10]

I am wanting to try to use this logic in the code but trade the next bar open off of current trigger to test to see how it would do trading leveraged mutual funds in my 401k ...the current program can buy one day and sell the next ... NxOpen I believe is a dll call ... for next open?? This is what I would guess for the code would look like but did not work.?

 

//this runs on one bar

like this needs to run first

if marketposition<>1 and Close < Open and Close < close[29] and Range < 1.618 * Average(Range,80) and MarketStrength>-.50 then BuyPosible = true

//This needs runs on second bar instead is running this bar

if BuyPossible = true and currentbar > Open + 2 * (close-low) + .05 then buy next bar at open ...

[BlueHorseshoe 10]

I am wanting to try to use this logic in the code but trade the next bar open off of current trigger to test to see how it would do trading leveraged mutual funds in my 401k ...the current program can buy one day and sell the next ... NxOpen I believe is a dll call ... for next open?? This is what I would guess for the code would look like but did not work.?

 

//this runs on one bar

like this needs to run first

if marketposition<>1 and Close < Open and Close < close[29] and Range < 1.618 * Average(Range,80) and MarketStrength>-.50 then BuyPosible = true

//This needs runs on second bar instead is running this bar

if BuyPossible = true and currentbar > Open + 2 * (close-low) + .05 then buy next bar at open ...

 

Hello,

 

So my understanding of your aim is now as follows:

 

Bar[0] - set buypossible condition

Bar[-1] - set secondary criteria for long entry

Bar[-2] - buy this bar on the open if conditions for bars [0] and [-1] are met

 

Is this correct?

 

If so then the problem appears to be that your buypossible criteria in bar[-1] is intended to refer to bar[0] but instead refers to bar[-1].

 

Does the following code do what you want?

 

Vars:
x(0);

If C<O and C<C[29] and Range<1.618*Average(Range,80) and MarketStrength>-0.50 then
x=1
Else
x=0;

If MarketPosition<1 and x[1]=1 and C>O+(2*(C-L))+0.05 then 
Buy next bar at O;

 

Note that marketposition<>1 contained a redundancy; marketposition can never be greater than 1. I have moved this to the bar[-1] criteria as I think this is probably where you want it, but if not then move it back.

 

Also, be aware that although your range calculation would be appropriate for a 24 hour market, you might want to consider using the Average True Range for a cash session only traded instrument such as a mutual or exchange traded fund.

 

Hope that helps - any questions then let me know.

 

BlueHorseshoe

Edited January 2, 2013 by BlueHorseshoe

[tradingforex 10]

If I get this to work I will try to send you some money ..test maybe tonight ,,,thanks ...

[BlueHorseshoe 10]

If I get this to work I will try to send you some money ..test maybe tonight ,,,thanks ...

 

Hello,

 

That's a very generous gesture, but there's no need to pay me - I get plenty of coding help from others on the forum for free, so it all balances out in the end!

 

I don't have TradeStation installed on the computer I use for the forum, so I haven't tested the code and it may well contain a few bugs that we need to iron out.

 

Regards,

 

BlueHorseshoe