Request: Place Pendings on Candle Close

Post by **matt_32** » Sun Oct 26, 2014 8:41 am

Hi all.

I need to place pending orders (both buy and sell) on the beggining of a new candle. The pendings should be placed above and below the previous candle's close. The distance for the pendings should be x amount of pips (where x is = 25% of previous candle's ATR).

eg Weekly AUDJPY Candle yesterday closed at 95.066. The ATR of that candle was 1745 (highest - lowest ===> 95.283 - 93.538 = 1745) thus the pendings should be placed at 1745 x 25% @ 436 pips above the candle's close.

Pending buy 95.066 + 436 = 95.502
Pending sell 95.066 - 436 = 64.630

Simple ?

Thanks in advance

Matt

Post by **SteveHopwood** » Sun Oct 26, 2014 9:31 am

Send me a pm if nobody comes up with this in a couple of days Matt, and I will write it for you.

Post by **matt_32** » Sun Oct 26, 2014 9:35 am

Thank you Steve .. !

Post by **SteveHopwood** » Sun Oct 26, 2014 9:41 am

It would help a potential coder to know whether you want a script that you use at a time of your choosing, or an EA that sends the trade at the open of a new candle.

Post by **matt_32** » Sun Oct 26, 2014 10:17 am

I am working on a strategy (part is mine, part I have found here an there) and it would be nice to experiment with different TF's, thus an automated entry system (EA) would be better.

Matt

PS I am still in the process of evaluating the system and therefore cannot say much about it. But the idea is to trade the Weekly candle (experimentation can be done on other TF's) and wait for the move to evolve. Usually when the weekly candle gets going ... nothing can stop it. The idea is to let all the moves play out and close them on Friday.

Post by **milanese** » Sun Oct 26, 2014 10:42 am

I coded you this script, before reading that you want an EA..

Place_PendingLastCandleCloseATR.mq4

Cheers

Tommaso

Post by **matt_32** » Sun Oct 26, 2014 10:43 am

Thank you Tomasso. Great help

Matt

Post by **milanese** » Sun Oct 26, 2014 11:59 am

Here is your EA, it trades the like you wishes , you can set the trading TF in the input setting, rest of settings should be self expalining..it will place hidding pending orders

CandleCloseATR_EA_mattB.mq4

Cheers

Tommaso

Post by **matt_32** » Sun Oct 26, 2014 12:10 pm

Thank you Tomasso .

Amazing !!!!!!!

Matt

Post by **milanese** » Sun Oct 26, 2014 12:24 pm

matt_32 » Sun Oct 26, 2014 12:10 pm wrote:Thank you Tomasso .

Amazing !!!!!!!

Matt

Please redownload here http://www.stevehopwoodforex.com/phpBB3 ... 98#p102498 as I did some bugfixing and adding better functionality

Cheers

Tommaso