[amibroker] Simple (in practice) Weekly System - help with code please

["ss_aussie" <ss_aussie@xxxxxxxxxxxx>]

Hi all,

I am hoping that someone will be able to help me with my code.  I am not exactly a coder, but have been working on it...

I am trying to code the following for any market, but would like to test it initially on Forex;

Place trades 50 PIPS above OR below the Close for the previous week.

Open on the Monday OR Tuesday of the trading session for that week.

If the "Buy" is executed, move the sell up to the previous weeks close
If the "Sell" is executed, move the buy down to the previous weeks close

Use a fixed 30 PIP stop. No profit targets. Let the trade run for the entire week AND Close
during the final 30 minutes of the market for the week.

Example:

Previous weekly close: 1.9597
Buy: 1.9647
Sell: 1.9547

The following rule is a bit different than most trading systems of this style:

If the "Buy" is executed, move the sell up to the previous weeks close (1.9597 in this case)

If the "Sell" is executed, move the buy down to the previous weeks close (in this case likewise 1.9597)

Here is the code I have come up with so far.  I have found that the most challenging thing is to get it to flip the trade I.e. if stopped out, to move the entry again and trading the other way.  I.e. if stopped out of the initial long position, to move the target entry for going short.  I can't work out how to make it go short (on same day if the new target is hit).

SetOption("InitialEquity",10000);

SetTradeDelays(0,0,0,0);

LastWeekClose = TimeFrameGetPrice("C", inWeekly, -1);

LastWeekOpen = TimeFrameGetPrice("O",inWeekly,-1);

LastWeekLow = TimeFrameGetPrice("L",inWeekly,-1);

LastWeekHigh = TimeFrameGetPrice("H",inWeekly,-1);

WeeklyTarget = LastWeekClose;

WeeklyLongEntryLevel = WeeklyTarget + 0.0050;

WeeklyShortEntryLevel = WeeklyTarget - 0.0050;

BuyStopCrossed = Cross(H,WeeklyLongEntryLevel);

ShortStopCrossed = Cross(WeeklyShortEntryLevel,L);

InitialLongStop = WeeklyLongEntryLevel - 0.0030;

InitialShortStop = WeeklyShortEntryLevel + 0.0030;

BuyExecuted = IIf(BuyStopCrossed==1,1,0);

ShortExecuted = IIf(ShortStopCrossed==1,1,0);

MoveBuy = IIf(ShortExecuted,WeeklyTarget,WeeklyLongEntryLevel);

MoveShort = IIf(BuyExecuted,WeeklyTarget,WeeklyShortEntryLevel);

BuyStop = MoveBuy;

SellStop = MoveShort;

Buy = Cross( High, BuyStop ) AND (DayOfWeek()==1 OR DayOfWeek()==2);

Short = Cross( SellStop,Low )AND (DayOfWeek()==1 OR DayOfWeek()==2);

Sell = DayOfWeek()==5;

Cover = DayOfWeek()==5;

BuyPrice = Max( BuyStop, Low ); // make sure buy price not less than Low

SellPrice = C;

ShortPrice = Max(Sellstop, High);

CoverPrice = C;

ApplyStop(stopTypeLoss,stopModePoint,0.0030,1,0);

I would really appreciate some help on where I am going wrong.

Thanks,

Sam

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