Breakout above first 30 minute bar, then second if not reached

Author: renansaguiar

Creation Date: 11/25/2019 6:49 PM

Wealth Lab » Trading Strategies » Breakout above first 30 minute bar, then second if not reached

renansaguiar

11/25/2019 6:49 PM

Hi Everybody,

I am trying to edit a strategy, but without success. No programming skills. If anyone can help me. Thank you in advanced.

Graphic time: 30 minutes
One operation a day
Buy if the second candle breakout above the high of the first candle or sell if the second candle breakout below the low of the first candle
Target: 130% of (broken candle, first candle)
Stop: the low of the first candle (broken candle)

If the second candle of the day (30 minutes) does not breakout the first candle. The same rule applies on the next candle. That is, buying at the breaking of the second candlestick high or selling at the second candlestick low. Target: 130% of (candle broken, second candle). Stop: At the minimum of the second candle (broken candle).
If the target or stop is not reached, sell at the close of the second to last candle of the day.

Eugene

11/25/2019 9:01 PM

Hi Renan

Welcome to the forums. Hope I got your idea correctly:

CODE:
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Hi Renan

Welcome to the forums. Hope I got your idea correctly:

[code]using System;
using System.Collections.Generic;
using System.Text;
using System.Drawing;
using WealthLab;
using WealthLab.Indicators;

namespace WealthLab.Strategies
{
	//	Graphic time: 30 minutes
	//	One operation a day
	//	Buy if the second candle breakout above the high of the first candle or sell if the second candle breakout below the low of the first candle
	//	Target: 130% of (broken candle, first candle)
	//	Stop: the low of the first candle (broken candle)
	//
	//	If the second candle of the day (30 minutes) does not breakout the first candle. The same rule applies on the next candle. 
	//	That is, buying at the breaking of the second candlestick high or selling at the second candlestick low. 
	//	Target: 130% of (candle broken, second candle). Stop: At the minimum of the second candle (broken candle).
	//	If the target or stop is not reached, sell at the close of the second to last candle of the day.

public class renansaguiar : WealthScript
	{
		private StrategyParameter paramPT;
      
		public renansaguiar()
		{
			paramPT = CreateParameter("Profit Target",130,50,300,10);
		}
 
		protected override void Execute()
		{
			if ( Bars.IsIntraday )
			{
				double target = paramPT.Value / 100d, HighRange = 0, LowRange = 0;
				int firstIntradayBar = -1, lastChartBar = Bars.Count - 1;
				bool canEnterToday = false;

for(int bar = GetTradingLoopStartBar(1); bar < Bars.Count; bar++)
				{
					if( Bars.IntradayBarNumber( bar ) <= 1 )
					{
						if( Bars.IntradayBarNumber( bar ) == 0 )
							firstIntradayBar = bar;

canEnterToday = true;   //   one position per day
					}
               
					if( Bars.IntradayBarNumber( bar ) <= 1 ) // highlight the opening range
						SetBarColor( bar, Color.Silver );
               
					if( Bars.IntradayBarNumber( bar ) == 0 )
					{
						HighRange = Highest.Series( High, 1 )[bar];
						LowRange = Lowest.Series( Low, 1 )[bar];
                  
						if( firstIntradayBar > -1 )
						{
							DrawLine( PricePane, bar, HighRange, firstIntradayBar, HighRange, Color.Blue, LineStyle.Dashed, 1 ); 
							DrawLine( PricePane, bar, LowRange, firstIntradayBar, LowRange, Color.Red, LineStyle.Dashed, 1 ); 
						}
					}
               
					if( IsLastPositionActive )
					{
						canEnterToday = false;

Position p = LastPosition;
            
						//	If the target or stop is not reached, sell at the close of the second to last candle of the day.   
						if( (bar+1 == lastChartBar) ) 
						{   
							SetBarColor( bar, Color.Orange);
							ExitAtClose( bar, p, "Penultimate bar");
						}
						else if ( (bar != lastChartBar) && Bars.IsLastBarOfDay(bar + 1) )
						{
							SetBarColor( bar, Color.Orange);
							ExitAtClose( bar, p, "Penultimate bar");
						}
						else 
						{
							//	Target: 130% of (broken candle, first candle)
							//	Stop: the low of the first candle (broken candle)
							
							if(!ExitAtStop(bar+1, p, p.RiskStopLevel, "SL " + target.ToString() ))
								ExitAtLimit(bar+1, p, p.AutoProfitLevel, "PT " + target.ToString());
						}
					}
					else
					{
						//	Buy if the second candle breakout above the high of the first candle 
						//		or sell if the second candle breakout below the low of the first candle
						//	Target: 130% of (broken candle, first candle)
						//	Stop: the low of the first candle (broken candle)

while( Bars.IntradayBarNumber(bar) < 2 )
						{
							if ( canEnterToday )
							{
								if( BuyAtStop( bar+1, High[bar] ) == null )
									ShortAtStop( bar+1, Low[bar] );
								
								if( LastPosition != null )
								{
									var lp = LastPosition;
									var range = (High[bar]-Low[bar]) * target;
									lp.AutoProfitLevel = lp.PositionType == PositionType.Long ?
										lp.EntryPrice + range : lp.EntryPrice - range;
									lp.RiskStopLevel = lp.PositionType == PositionType.Long ?
										Low[bar] : High[bar];
										
									break;
								}
							}
						}						
					}
				}
			}
			else
			{
				DrawLabel( PricePane, "Works on intraday data only!", Color.Red );
			}
		}
	}
}[/code]

Wealth Lab » Trading Strategies » Breakout above first 30 minute bar, then second if not reached