Thats right. the code would be much better readable when using "else if".

One thing: When the following if clause

'if (price() <= (priceOpen() - 20))'

is true and you are running your script every tick and price will stay or move more downwards then you will open a trade every tick!? Don't understand why it hasn't done so...

But "else if" would only open one trade and not three or?



It hasn't done so, because this condition is not working correctly I think

I think we need help from JCL. I don't know if it makes sence to set the BarPeriod to 60 and set the TICKS flag at the same time.

I would consider to use some kind of flag for every tradelevel you use. so when you already entered short at price -20pips than set the flag (ex. ShortLevel2) to true. So you only take it once.

What does the script when you delete the BarPeriod line or set it to one?

With BarPeriod 1 the trades are also entered at the same price

[GER30::L3400] Long 1@6976 Risk 37 at 08:55
[GER30::L3401] Long 1@6976 Risk 32 at 08:55
[GER30::L3402] Long 1@6976 Risk 27 at 08:55

The brackets are not needed because the +/- operators have higher priority than <= or >=.

For having only one open trade, check the NumOpenLong / NumOpenShort variable and enter a new trade only when it's at 0. Alternatively, for entering only one trade, use "else if" conditions to make sure that only one trade is entered per bar, and start with the more distant conditions first.

And the buy price is not up to you I'm afraid. No matter how much code you write, it's always the price of the asset at the moment when you buy .

But up to 3 trades should be opened, not just one, so NumOpenX == 0 is not the right solution here.

I am trying to implement this behavior:

1. Check the open price at 8 o'clock
2. When the price moves 15 pips up, open one short trade
3. When the price moves 20 pips up, open the second short trade
4. When the price moves 25 pips up, open the third short trade
5. All trades should have a stoploss 50 pips from 8 o'clocks opening price and a takeprofit at the 8 o'clock open price.
The long scenario vice versa.
Manually this would be done by pending orders.

You need pending orders then.


You need the TICKS flag here, as you're operating with very small entry/stop distances.

I think royal wan't to take one trade per entrylevel. So when price moves down 30 pips from 08:00 o'clock. There will be three open short-trades near the levels he has in his if clauses...
so using pending trades would be the easiest thing to do :-)

I see no problem using a TP at 8 o'clock level when the trade will be taken 15 or more pips above. What does concern me is the poor RR of up to 1:5 ...( SL 50pips and TP only ~9 pips away) ...

Question jcl: Is it okay to set the BarPeriod when setting the TICKS level?