Easy Language - Order Last for 24 Hours on 1-min Timeframe

[Radek 10]

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 20]

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

[Radek 10]

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),PreviousDayOpen(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;