how to buy/sell if market is +5/-5 at exact time

June 13th, 2012, 07:15 AM

I need help to code a particular setup:

if price is +5 from previous session close at 2000 (8 pm) then buy at market

or

if price is -5 from previous session close at 2000 (8 pm) then sellshort at market

I can enter this trading condition into a complete system, but am having trouble getting the right code for this.
Thanks for any help.

June 13th, 2012, 04:06 PM

tradersheldon

I need help to code a particular setup:

if price is +5 from previous session close at 2000 (8 pm) then buy at market

or

if price is -5 from previous session close at 2000 (8 pm) then sellshort at market

Sheldon - Here is some code that should do what you want. I added times to exit the position also. If you need more, perhaps you could provide additional details like the instrument and the bar type.

Len

Code

[IntrabarOrderGeneration = True]

Variables:
	ClosePrice (Close) ,
	OncePerDay     (1) ;

If Time = 2000 then begin
	OncePerDay = 0 ;
	ClosePrice = Close ;
end ;
 
If Close >= ClosePrice + 5 and Time < 1800 and OncePerDay = 0 then begin
	OncePerDay = 1 ;
	Buy next bar at open ;
end ;
 
If Close <= ClosePrice - 5 and Time < 1800 and OncePerDay = 0 then begin
	OncePerDay = 1 ;
	Sellshort next bar at open ;
end ;
 
If MarketPosition = 1 and Time > 1900 then sell next bar at open ;

If MarketPosition = -1 and Time > 1900 then buytocover next bar at open ;

June 14th, 2012, 12:37 PM

Lampert

Sheldon - Here is some code that should do what you want. I added times to exit the position also. If you need more, perhaps you could provide additional details like the instrument and the bar type.

Len

Code

[IntrabarOrderGeneration = True]

Variables:
	ClosePrice (Close) ,
	OncePerDay     (1) ;

If Time = 2000 then begin
	OncePerDay = 0 ;
	ClosePrice = Close ;
end ;
 
If Close >= ClosePrice + 5 and Time < 1800 and OncePerDay = 0 then begin
	OncePerDay = 1 ;
	Buy next bar at open ;
end ;
 
If Close <= ClosePrice - 5 and Time < 1800 and OncePerDay = 0 then begin
	OncePerDay = 1 ;
	Sellshort next bar at open ;
end ;
 
If MarketPosition = 1 and Time > 1900 then sell next bar at open ;

If MarketPosition = -1 and Time > 1900 then buytocover next bar at open ;

Thanks alot! That was enough for me to get started. I got my program finished now.
Sheldon

how to buy/sell if market is +5/-5 at exact time

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how to buy/sell if market is +5/-5 at exact time