trying to code ORB tradestation

November 12th, 2016, 01:02 PM

Hi,
can someone help me with a simple code? I've tried but it's really not my work......can't figure out how it work....

I'm trying to code a simple breakout strategy:
> buy long (limit) if price goes above 1rst minute candle + 0.01 cent
> put a stop at 1rst minute low - 0.01 cent
> position = distance from 1rst minute high and low / $fixed dollar amount

then i will try to code some better money management rules, like trailing stop or move stop at breakeven > taking profits (scaling out etc etc)

Please, someone can point me in the right direction?

thanks!

November 13th, 2016, 05:20 AM

w4rri0r

Hi,
can someone help me with a simple code? I've tried but it's really not my work......can't figure out how it work....

I'm trying to code a simple breakout strategy:
> buy long (limit) if price goes above 1rst minute candle + 0.01 cent
> put a stop at 1rst minute low - 0.01 cent
> position = distance from 1rst minute high and low / $fixed dollar amount

then i will try to code some better money management rules, like trailing stop or move stop at breakeven > taking profits (scaling out etc etc)

Please, someone can point me in the right direction?

thanks!

@w4rri0r You will have better success if you post your sample code so that others can review it and point out any issues.

November 13th, 2016, 06:43 AM

GoldenRatio

@w4rri0r You will have better success if you post your sample code so that others can review it and point out an issues.

Hi @Golden,

i need to insert some money management in this code:

Code

var: 
    FirstBarHi( 0 ), 
    FirstBarLo( 0 ); 
 
If CurrentSession(0) <> CurrentSession(0)[1] then begin         
FirstBarHi = High; 
FirstBarLo = Low;    
end; 
 
if Time > 0930 and Time <= 0935 then begin  // allow five min. after the open to break below or above the first min. bar of the day 
Buy next bar at  FirstBarHi + .01 stop; 
Sell short next bar at FirstBarLo - .01 stop; 
end; 
 
Sell next bar at FirstBarLo - .01 stop; 
BuyToCover next bar at FirstBarHi + .01 stop; 
  
setexitonclose;

1) what i'd like to code is a position size like --> distance from low to high (in points) / fixed dollar amount
2) take profit after x conditions (like a % move in the right direction or increase in volatility) and move stop to breakeven
3) move stop to breakeven after x conditions (time etc etc)

trying to code ORB tradestation

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trying to code ORB tradestation