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Need help with initial balance


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Need help with initial balance

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  #1 (permalink)
Charleston West Virginia United states of America
 
 
Posts: 2 since Jan 2015
Thanks: 0 given, 1 received

Hey traders,
I am new to easy language and I need some guidance. What I am trying to automate is pretty simple, but I cannot seem to do it in EL.

Here is pseudo code.
Variables:

Ibh = first 60 min bar high
Ibl = first 60 min bar low

Ibh30 = high + 0.30 * (high -low)

If last crosses under ibh
Buy at this bar
If last crosses under ibh30
Exit position

If last <= ibl
Sell at this bar
If last crosses above ibl30
Exit position

Any help is greatly appreciated. Or if this has been done on another post please link it.

Thank you for your help.

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  #2 (permalink)
Agoura Hills, CA USA
 
Experience: Advanced
Platform: Tradestation&Multicharts
Broker: TradeStation
Trading: Futures & Equities
 
numberjuani's Avatar
 
Posts: 127 since Apr 2019
Thanks: 9 given, 97 received


Dawson View Post
Hey traders,
I am new to easy language and I need some guidance. What I am trying to automate is pretty simple, but I cannot seem to do it in EL.

Here is pseudo code.
Variables:

Ibh = first 60 min bar high
Ibl = first 60 min bar low

Ibh30 = high + 0.30 * (high -low);

If last crosses under ibh
Buy at this bar
If last crosses under ibh30
Exit position

If last <= ibl
Sell at this bar
If last crosses above ibl30
Exit position Any help is greatly appreciated. Or if this has been done on another post please link it.
Thank you for your help.

first off, make sure whatever timeframe youre using has a candle that ends at 1030 (or whatever time zone youre in). ID recommend a 30 min chart. this code is for a 30 min chart
Variables:
IBH(0),
IBL(0);


if time = 1030 then begin
IBH = Highest(H, 1);
IBL = Lowest(L,1);
end;

if time >= 1030 and time < 1600 then begin
buy next bar at IBH Stop;
sellshort next bar at IBL stop;
end;

SetStopLoss(( (IBH -IBL)*1.3*BigPointValue));

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