Hourly Timeframe enter order minute increments

January 17th, 2017, 01:00 AM

Hi, I have a script that I want to execute on hourly timeframe indicators, but have the ability to enter a trade at any minute within that hour. For example, a trade could be put on at 2.13pm or 2.45pm ect. NOT just 3.00pm or 2.00pm. I have tried to enable InterBarOrder Generation but this is greyed out...

I am aware I may have to have multiple data, ie "data1 = AUDUSD 1 Minute", data2 = "AUDUSD 1 Hour", but I don't really have an idea on how to achieve this.

I have attached some screenshots, any ideas would be appreciated.

Thanks

ABCTG · January 17th, 2017, 03:19 AM

joelbindi,

it appears you are working in the Portfolio Trader, is this correct? If that's the case, the Portfolio Trader doesn't support intrabar order generation for entry signals.
Unless you require the system to run in a portfolio you can try it out on a single chart where you have the ability to use intrabar order generation.

Regards,

ABCTG

January 17th, 2017, 03:26 AM

ABCTG

joelbindi,

it appears you are working in the Portfolio Trader, is this correct? If that's the case, the Portfolio Trader doesn't support intrabar order generation for entry signals.
Unless you require the system to run in a portfolio you can try it out on a single chart where you have the ability to use intrabar order generation.

Regards,

ABCTG

Yes that is correct I am working in Portfolio Trader. If I understand you correctly, using Portfolio Trader I can only have entry signals that enter on hourly intervals, ie 10:00am, 11:00am , 12:00am ect. Is there any way to get the resolution of the entry signals in Portfolio to enter trades each minute?

Thanks for your help so far.

ABCTG · January 17th, 2017, 03:34 AM

joelbindi,

Portfolio Trader just doesn't support intrabar order generation. If you are using 1 minute data as your primary datastream you can of course execute trades at 1 minute intervals.

So one way to deal with it could be to either rewrite your signal to compute higher timeframes based on the 1 minute data or to use the 60 minutes as data 2 and reference it in the code. The latter is likely less complex.

Another approach (which would be much more complex most likely and will require some advanced coding) is to use the Money Management signal to allow/block your trades. The Money Management signal can allow/disallow trades intrabar.

Regards,

ABCTG

January 17th, 2017, 03:52 AM

ABCTG

joelbindi,

So one way to deal with it could be to either rewrite your signal to compute higher timeframes based on the 1 minute data or to use the 60 minutes as data 2 and reference it in the code. The latter is likely less complex.

ABCTG

Thanks again, I would like do the above in the quote. I understand what you are talking about, and would like to keep the input fields as Hourly values, I am unsure how to use the inputs to reference data2/hourly (not data1/minute) have pasted some code below if this helps.

HTML Code:

inputs: Length( 33 ), OverBought( 75 ), Price(close), MomLength( 30 ), 
           PositionBasis( true ), FloorAmt( 4 ), TrailingPct( 2 ), ExTime(60);
		 
variables: var0( 0 ), var1( 0 ), var2( 0 ), var3( 0 ), var4(500), var5 (0), var6( 0 ), var7(0) ;

var4 = MaxBarsBack;
var5 = Momentum( Price, MomLength ) ;
var6 = Momentum( var5, 1 ) ;   

Value1 = Stochastic( H, L, C, Length, 3, 3, 1, var0, var1, var2, var3 ) ;

condition1 = CurrentBar > 2 and var2 crosses under var3 and var2 > OverBought ;
condition2 = var0 < 0 and var1 < 0 ;
condition3 = var5 < 0 and var6 > 0 ;
condition4 = Time>ExTime ;

ABCTG · January 17th, 2017, 04:06 AM

joelbindi,

these should get you going:

https://www.multicharts.com/trading-software/index.php/Data

Powerlanguage and Multi time frames

Hello!

I wanted to know if it is possible to use multi time frames in a function / indicator on MultiCharts / TradeStation.

Let's take an example. I want to create an indicator which will buy when the daily, the weekly and the monthly RSI are oversold.

Is …

Regards,

ABCTG

Hourly Timeframe enter order minute increments

Discussion in MultiCharts

Hourly Timeframe enter order minute increments