EasyLanguage Code to stop strategy for the day

June 10th, 2012, 10:41 AM

I have created an EL signal using Multicharts but I'm missing one thing. I only want to strategy to trade during a certain period of time. What is the simplest way to have the strategy stop looking for the setup after a certain time (or number of bars would work) and not turn back on until the next day? Specifically - if the signal is not valid before 10am then it would not take a trade until the following day, if valid. I think having a valid time of 9:30-10:00 would work but I don't know how to code that.

June 10th, 2012, 11:52 AM

Try something like this :

If time >= 0930 and time <= 1000 then begin
"put your buy or sell condition here"
end;

" put your exit rules here"

June 10th, 2012, 12:31 PM

sptrader

Try something like this :

If time >= 0930 and time <= 1000 then begin
"put your buy or sell condition here"
end;

" put your exit rules here"

That works, Thanks!

Still learning EL... I have a lot of work to do.

June 23rd, 2012, 09:34 AM

I'm working on a opening gap signal. I only want the signal to trigger if the gap is between 8 and 20 ticks, nothing less, nothing more. Below is what I have but it is only triggering gaps of exactly 8 and 20 ticks. How do I get it to be a range?

Code

                            
//I have the Min and MaxGap as inputs.

if (High + MinGap) <= low[1] and (High + MaxGap) <= low[1] then

    buy ( "GapDn - Buy" ) next bar at market ;

June 23rd, 2012, 10:27 AM

@kiman721,

What is your timeframe?
What is your definition of a "gap" ?
Shouldn't you compare C[1] and O instead of Highs and Lows?

Nicolas

June 23rd, 2012, 10:41 AM

Nicolas11

@kiman721,

What is your timeframe?
What is your definition of a "gap" ?
Shouldn't you compare C[1] and O instead of Highs and Lows?

Nicolas

Timeframe is 2 min bars (most promising timeframe profit wise so far)
Inputs: MinGap (8) and MaxGap (20) - want to make it adjustable by tick
I could do closeD[1] and open. I probably will do that because it's easier that defining a valid time for the signal (which is what I started to do to avoid any gaps after the open). I used Highs and Lows because I stated playing with the preloaded Gap entry signal in MC. I'm still learning, the only programming skills I have came from some HTML / C++ programing in High School.

June 23rd, 2012, 11:17 AM

Thanks Nicholas, The CloseD and Open is much easier.

This is what I have but its still taking trades > 20 and < 4 ticks. And randomly weeding out others.

Code

                            
[IntrabarOrderGeneration = True]



Inputs:

    MaxGap        (20),

    MinGap        (4);



vars:



    TickSize    ( MinMove / PriceScale );



//Gap Down

if (Open + (MinGap * TickSize)) < CloseD(1) and (Open + (MaxGap * TickSize)) < CloseD(1) then

    buy ( "GapDn - Buy" ) next bar at market ;

    

//Gap Up

if (Open - (MinGap * TickSize)) > CloseD(1) and (Open - (MinGap * TickSize)) > CloseD(1) then

    sellshort ( "GapUp - Sell" ) next bar at market ;

end;

June 23rd, 2012, 11:22 AM

kiman721,

Your mathematical formula seem wrong.

Code

//Gap Down

if (Open + (MinGap * TickSize)) < CloseD(1) and (Open + (MaxGap * TickSize)) < CloseD(1) then

    buy ( "GapDn - Buy" ) next bar at market ;

The second "<" should be a ">", no?

Nicolas

June 23rd, 2012, 12:12 PM

Nicolas11

kiman721,

Your mathematical formula seem wrong.

Code

//Gap Down

if (Open + (MinGap * TickSize)) < CloseD(1) and (Open + (MaxGap * TickSize)) < CloseD(1) then

    buy ( "GapDn - Buy" ) next bar at market ;

The second "<" should be a ">", no?

Nicolas

Nicholas, I think your correct, I changed it and also adjusted the Gap up. I also needed to adjust the MinGap * Ticksize calculation. Looks to be working now.

Thanks for your help

Pete

EasyLanguage Code to stop strategy for the day

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EasyLanguage Code to stop strategy for the day