Stop Loss Buy for Entry - EasyLanguage Programming | futures io social day trading
futures io futures trading

Stop Loss Buy for Entry
Updated: Views / Replies:615 / 2
Created: by tahseen Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Thread Tools Search this Thread

Stop Loss Buy for Entry

  #1 (permalink)
Trading Apprentice
Delhi India
Futures Experience: Intermediate
Platform: Meta Trader
Favorite Futures: Gold
Posts: 1 since Feb 2014
Thanks: 0 given, 0 received

Stop Loss Buy for Entry

I am trying to buy 2 pips above the previous candle high when the MACD cross above happens. Code is this

inputs: FastLength( 5 ), SlowLength( 70 ), MACDLength( 100 ) ;
variables: var0( 0 ), var1( 0 ), var2( 0 ) , var3(0);

var0 = MACD( Close, FastLength, SlowLength ) ;
var1 = XAverage( var0, MACDLength ) ;
var2 = var0 - var1 ;
var3 = High[1]+1.0;

condition1 = CurrentBar > 2 and var2 crosses over 0 ;
if condition1 then
Buy( "MacdLE" ) next bar at var3 stop;

But then when I am seeing the buy value, it is showing at High[1] only and not additional 1.0 point above

Can you please help?


Reply With Quote
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

  #3 (permalink)
Market Wizard
Hamburg Germany
Futures Experience: Advanced
Platform: Multicharts, Tradestation, Multicharts.NET, NinjaTrader, MetaTrader
Broker/Data: DTN IQ
Favorite Futures: ES
Posts: 1,533 since Apr 2013
Thanks: 231 given, 855 received
Forum Reputation: Legendary


your code buys for the next market using the high from one bar ago. Which means at the time your order is sent you are using the high from two bars ago. The code is doing that fine and I didn't see wrong entries at High[1] only here.

To avoid issues I would suggest not to use something like High[1] + 1, but use pips/ticks instead like this:
High[1] + (2 * (MinMove/PriceScale))

Reply With Quote


futures io > > > > > Stop Loss Buy for Entry

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only

Similar Threads
Thread Thread Starter Forum Replies Last Post
Avoid Loss - Best Entry Points GFIs1 The Elite Circle 10 November 29th, 2013 04:10 AM
Ninjatrader strategy for Trailing Stop and stop loss. skann NinjaTrader 2 August 20th, 2013 08:34 PM
Set Stop loss gerimo NinjaTrader Programming 3 May 24th, 2012 02:36 PM
Rooky questionning, Coding a conditionnal entry + a stop loss if done arjfca EasyLanguage Programming 7 December 13th, 2010 04:10 PM
"Stop If Bid" command for entry's and stop loss arjfca EasyLanguage Programming 4 October 7th, 2010 06:05 PM

All times are GMT -4. The time now is 11:15 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432,
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-15 in 0.08 seconds with 19 queries on phoenix via your IP