[Radek]

Hi,
I would like to place order on 1-min timeframe, but I need it to last for 24 hours or less if it gets executed.

Entry will be at 10:00AM with stop loss 100 pips.
If order don't get executed, I will cancel old one and place new one next day.
If stop loss gets hit, I don't want to place it again and I will wait for next 10:00AM to place new order.
If order get executed, I will just move Stop loss at next 10:00AM and place new order.

I started to program this strategy, but then I hit problem that easy language does not work as I would when placing order manually (place one order and then wait what happen). In my case easy language place and cancel orders every minute and I can't figure it out how to code this strategy.
Can somebody help me?

Radek

[Tams]

if you post what you have done so far, we can add/modify to it.

[Radek]

Problem with this is that orders stay open only one bar, in my case 1min. There is also commented part which I wanted to use to move stop loss, but I didn't get there yet.

Radek


Variable:
OpenTime(1000), //Time when Orders are made
DayATR (0),
MP( 0 ), TT( 0 ),
TodayOpen(0),PreviousDayO pen(0),//Opens at OpenTime
OrderRange(0), SLRange(0), DayRange(0)

;


//data1 = 1 minute
//data2 = 1 hour
//data3 = 1 day



if (Time = OpenTime) then
begin
//calculate data
DayATR = AvgTrueRange(10) of data3;
MP = MarketPosition ;
TT = TotalTrades ;
TodayOpen = Open of data2;
PreviousDayOpen = Open[23] of data2;
DayRange = DayATR * PriceScale;
OrderRange = DayRange * .8;
SLRange = DayRange * .3;

{ //if I have long position - move SL
if MP = 1 then
sell on next bar at TodayOpen + (SLRange * 1/PriceScale) stop ;


//if I have short position - move SL
if MP = -1 then
buytocover on next bar at TodayOpen - (SLRange * 1/PriceScale) stop ;
}

//open new order
if TodayOpen < PreviousDayOpen then
begin //long order + SL
buy on next bar at TodayOpen + (OrderRange * 1/PriceScale) stop;
sell on next bar at TodayOpen + (SLRange * 1/PriceScale) stop ;
end
else
begin //short order + SL
sellshort on next bar at TodayOpen - (OrderRange * 1/PriceScale) stop;
buytocover on next bar at TodayOpen - (SLRange * 1/PriceScale) stop ;

end;


end;