[ptcman]

Hello all.

I've just bought Multicharts and I'm eager to start developing my own ideas for indicators and strategies based on those same indicators.

But I've a big problem, I'm not that good in programming

I'm able to understand most formulas but then, rearrange them or even rewrite them is a complete different world.

I've been trying to write my first strategy, but thinks haven't gone as aspected.

I thought I should begin with a simple buy order, but nothing happens.

Can anyone help understanding what is happening and why?

I'd appreciate all the help.

Thank you

{ *User Input*}
input : 
	length		(5);

{ *Variables*}
variables:
	dRng		(0),
	Mid		(0),
	Hi		(0),
	Lo		(0),
	Cl		(0),
	Vl		(0);

Hi = High;
Lo = Low;
Cl = Close;
dRng = Hi - Lo;
Mid = (Hi + Lo) * .5;
Vl = Volume;

{ *Buy order* }
if (Cl > Cl [1]) and (dRng > Average(dRng,length)) then begin
	if Vl > Average(Vl,length) then
		Buy ("break") next bar open;
		
end;

[rsi77]

try "...next bar at open;"

[Tams]

some suggestions:

1. no need to assign these values to variable. You can use them as is.
Hi = High;
Lo = Low;
Cl = Close;
Vl = Volume;

2. get this book
Building Winning Trading Systems with tradestation
Amazon.com: Building Winning Trading Systems with TradeStation: George Pruitt, John R. Hill: Books

[Tams]

Originally Posted by ptcman »

...
I thought I should begin with a simple buy order, but nothing happens.
Can anyone help understanding what is happening and why?
I'd appreciate all the help.
Thank you...

replace the keyword volume with ticks.

Don't ask me why, in EasyLanguage...
the keyword volume means "total upticks" in English,
the keyword ticks means "total volume" in English.

[Tams]

Originally Posted by rsi77 »

try "...next bar at open;"

At is a Skip Word.

Skip Words serve solely to improve the readability of EasyLanguage code and are skipped (ignored) during the compilation and execution.

The use of Skip Words is optional; they can be inserted anywhere within the EL code and will appear red in Editor.

[ptcman]

Hi.

Thank you all for your comments.

OK, the above formula generates 1 buy order, the first time the condition is true.
Now my question is, why only 1 order is created when this condition is true for dozens of time?

I'm applying it in a 10 day historical 5 minutes chart.

I've been trying to add a sell order, to close the long position, but I can't find any reserved word that specified if there's an open position then if the sell condition (low < low of the entry bar) is met then close position.

I thought that writing an indicator was difficult Creating a strategy is starting to get much more difficult

Thank you

[Tams]

Originally Posted by ptcman »

Hi.

Thank you all for your comments.

OK, the above formula generates 1 buy order, the first time the condition is true.
Now my question is, why only 1 order is created when this condition is true for dozens of time?

I'm applying it in a 10 day historical 5 minutes chart.

I've been trying to add a sell order, to close the long position, but I can't find any reserved word that specified if there's an open position then if the sell condition (low < low of the entry bar) is met then close position.

I thought that writing an indicator was difficult Creating a strategy is starting to get much more difficult

Thank you

the keyword is:

MarketPosition

[Tams]

MarketPosition

Returns a numerical value, indicating the type of the specified position.

A value of 1 indicates a long position,
A value of -1 indicates a short position,
and
A value of 0 is returned only if the current position is specified and indicates that the current position is flat.

Usage

MarketPosition(PosBack)

Where:

PosBack - a numerical expression, specifying the position:

0 - open position;
1 - one position back (the last position closed);
2 - two positions back, etc.

If PosBack is not specified, a value for the open position will be returned.


Note

This function can only be used in signals.


Examples

MarketPosition will return a value of 0 if the current position is flat

MarketPosition (1) will return a value of -1 if the most recently closed position was a short position



source: EasyLanguage manual