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London Breakout TS


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London Breakout TS

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Bellinzona Swiss
 
 
Posts: 1 since Mar 2018
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Hello guys, how are you? I write from swiss. Unfortunately I don't speak really good english but I try to show you what's my problem.

I wrote a piece of easy language program strategy but now I have a problem.

The TS is based on London breakout on (GBPUSD) first hour breakout after the opening of london session I take the range from 1am -8am and Trace the lower and the higher of this range. And I open a long trade at the breakout of this range long or short.

Now my questions are why:

My program don't trade every day but only sometimes there is a error in the code?

How can I set a stop loss a the lower of the range for the long and at the high for the short?

Cordially,

Nic

----------------------------------------------------------

var: current_bar(0);


If (current_bar = 8) then begin

If close > highest(High[1],8) then buy next bar at market ;

If close < Lowest(Low[1],8) then sellshort next bar at market;


end;

If (Date <> Date[1]) then
current_bar = 0;


If Barstatus(1) = 2 then
current_bar = current_bar + 1;


If Marketposition = -1 and time = 1700 then
Buytocover next bar at market;

If Marketposition = 1 and time = 1700 then
Sell next bar at market;

--------------------------------------------------------------------------------

Thank for you help...

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  #3 (permalink)
 
 
Posts: 2,230 since Apr 2013
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Nic,

welcome to futures.io. You only evaluate your entry conditions on the bar where "current_bar = 8" is true. For bars where current_bar is different than 8, the entry conditions are not checked.

Regards,

ABCTG

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