Easylanguage and Script Help

[Blu-Ray]

	Quote:	darknite999
	Hey, Thanks very much for your help. I would like to place a stop loss 2 ticks above the high and sellshort 1 tick below the low i want to buy to cover 30 below where I came in. Cheers and once again thank you, Darknite.

No Probs, just change the input in stoploss from 1 to 2 and the rest is already in the above code.

Cheers

Blu-Ray

[darknite999]

Cheers,

I forgot to mention one thing and I don't know if it is possible althought I'll ask.

Is it possible to identify a pattern on one chart and then carry the order out on another one.

So, as simply as I can explain

Using a strategy, find the pattern on the chart and carrying out the order on another chart?

Cheers,
Darknite.

[Blu-Ray]

Yes it is possible, for instance if you see the signal on a 5 min chart but want it executing via a 1min chart, yes just let me know what you want.

The only thing is if it's a minute / tick chart combination, then thats beyond me, as it's requires ADE ( All Data Everywhere ) and I'm not clued up on it yet.

Cheers

Blu-Ray

[darknite999]

Hi,

Sorry what I meant was I want the strategy to find the setup on $indu for example and take the trade on DIA(diamonds).

How do i go about doing this?

Also on the script what does Minprice/Pricescale mean. Please could you break it down for me?

Cheers,
darknite

[darknite999]

Oh, and also what should my "Maximum number of bars study will reference" under the strategy propeties - back-testing resolution be? What does this mean, it seems to affect my what trades it shows :S

Help

Thanks again,
Darknite.

[Blu-Ray]

	Quote:	darknite999
	Hi, Sorry what I meant was I want the strategy to find the setup on $indu for example and take the trade on DIA(diamonds). How do i go about doing this? Also on the script what does Minprice/Pricescale mean. Please could you break it down for me? Cheers, darknite

Darknite

All you would do is set up $indu at data2 within the strategy, easy enough to do, but would need to know if your entry, stoploss and target are all based on $indu or DIA.

Minprice/Pricescale is easylanguages way of determining what value a minimum tick is worth. It's easier doing it that way so if you wanted to put the strategy into a different market with a different tick value, then you can still choose your target & stoploss via tick amount.

Cheers

Blu-Ray

[Blu-Ray]

	Quote:	darknite999
	Oh, and also what should my "Maximum number of bars study will reference" under the strategy propeties - back-testing resolution be? What does this mean, it seems to affect my what trades it shows :S Help Thanks again, Darknite.

Just set it at 50-100, ideally the lowest amount it will let you do. What it means is that the strategy will reference, for example 50 bars, before it will start to calculate the strategy.

Hope this helps

Blu-Ray

[darknite999]

Cheers it's all starting to make sence now!!

So what would I have to do...

Basically When I find the candle pattern on, for example (again), $indu I want to take the trade on DIA with the same stoploss (2 above the high) and start the trade 1 tick below and make a profit of 30 ticks...

What would I need to add/change to complete the script

You've been so much help,
Cheers. Darknite.

[Blu-Ray]

Darknite

You would need to set up $indu at data2 within the strategy. If you want, send me a PM with your email address and I'll code it up for you and also send a tradestation workspace with the chart and strategy already setup.

Also let me know what timeframe you want them in ( same ? ).

I'm off to sleep now as it's past midnight here, so I'll sort it out tomorrow.

Cheers

Blu-Ray

[darknite999]

I'm from Britain too

Same I'm off to bed i'll sort it out tomorrow.

Cheers,
Darknite.