Help with EasyLanguage

January 3rd, 2017, 12:02 AM

Hey,

I need some help with EasyLanguage. I am designing a system that will go LONG on a pullback when the CURRENT price crosses the 10 day EMA. My question is this: I can not find a function for CURRENT PRICE. I know about current bid and ask, but is there anyway I put current price instead of the bid and ask? For example: $AMZN is up 30 points in premarket. I wait for a pullback and go long only when the CURRENT price crosses the 10 day EMA on the 30minute chart. How do I code current price into the system? I hope this question made sense.

Thanks in advance!
Frankie.

January 3rd, 2017, 12:26 AM

Use "close" or "c" for short. That will be the current closing price of your thirty-minute bar. If you use intrabar order generation, it will be the latest tick price, though intrabar order generation may cause many more trades.

Further, you may want to use "c crosses above ema" for your trigger and not "c>ema", as "c crosses above ema" is an event while "c>ema" is a state.

January 3rd, 2017, 10:17 AM

Hey Chic,

But 'close' wont trigger a buy until the bar closes right? How do I trigger a buy as soon as the price hits the EMA?

Thank you for your reply!
Frankie.

ABCTG · January 3rd, 2017, 10:39 AM

Frankie,

that depends on your code. When you don't use intrabar order generation you can only issue orders end of the bar.

With intrabar order generation you can trigger orders as soon as your conditions are met (using Close you can access the current last price then).

Regards,

ABCTG

January 3rd, 2017, 11:01 AM

AAAAAAA thats exactly what I needed:

IntrabarOrderGeneration = TRUE;

Thank you for your help! Cha ching problem solved

January 3rd, 2017, 12:08 PM

You can also have a resting stop on the EMA: "buy next bar at EMA stop"

January 3rd, 2017, 10:23 PM

Hey guys,

Take a look at the code below:

inputs: EMAType (10), //Which EMA to use

StopLoss (500),
ProfitTaking (1500);

variables: EMA_Trigger (0),
BullCross (false);

//Main Program

EMA_Trigger = XAverage(Close, EMAType); //EMA
BullCross = CurrentBid crosses under EMA_Trigger;

If (BullCross) then
begin

[IntrabarOrderGeneration = True]
Buy 1000 shares this bar at Close;

end;

SetStopPosition;
SetStopLoss(StopLoss);
SetStopPosition;
SetProfitTarget(ProfitTaking);

I have attached a screenshot of the result of this code.

Why is the buy order not getting executed at Point A in the screenshot? The point when the current price hits the EMA? Isn't that the point of IntrabarOrderGeneration function?

Please keep in mind I am a non programmer

Thank you,
Frankie!

January 3rd, 2017, 10:51 PM

Enable [IntrabarOrderGeneration = True] at the top of the script, above your inputs, not after (BullCross) turns true.

January 3rd, 2017, 11:04 PM

Still the buy order is getting executed at the same place...

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