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hi, i'm doing a very easy concept formula but finding many problems.
the purpose is enter long or short only when are broken high or low
of the 12 candles before.
when trade start, i want to put a stop loss of 10, and a profit of
10.
when i tested the problem are:
1) i have trades that start every time prices are crossing the H or L
of the 12 candles. So i need to specify to trade only the first time.
and never open new position in that same day.
2) i need to transform the stoploss in a trailing stop of 5 point if
prices are going in direction of the trade.
Here the formula:
t=TimeNum() ;
ref_cand= t > 123000 AND Ref(t,-1)<123000;//so i set a candle
UP=ValueWhen(ref_cand , Ref(HHV(H,12),-1),1)+4;// max of 12 candels
before referred for future use
DN=ValueWhen(ref_cand , Ref(LLV(L,12),-1),1)-4;
BuyPrice=UP;
Buy=Cross(H, UP) AND t>123001;
ShortPrice=DN;
Short=Cross(DN, L) AND t>123001;
Sellcover=ApplyStop(0,2,10,1,volatile=False,ReEntryDelay=0);
ApplyStop(1,2,10,1,volatile=False,ReEntryDelay=0);
// CLOSE AT END OF MARKET TIME
x= HHV(TimeNum() ,300)- 600;
Cover=TimeNum() > x;
Sell=TimeNum() > x;
//REMOVE EXCESS Signal maybe not necessary
Buy = ExRem(Buy, Sell);
Short = ExRem(Short,Cover);
thank You
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