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close breaks the high of the first trading hour [RESOLVED]
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I want the metastock formule of this:
I want to go long if the close breaks the high of the first trading hour (on a 5minchart)
I want 1 trade a day so when this trade is over it can't go long or short till next day.
hope someone here can help me.
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Rank: Advanced Member
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What time is the first hour on your chart?
For example the first hour is from 8am to 9am I would write for your buy ...
ST:=Highestsince(1,Hour()=8 and Minute()=0,H);
HV:=Valuewhen(1,Hour()=9 and minute()=0,ST);
Cross(C,HV)
Patrick :mrgreen:
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Rank: Advanced Member
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Joined: 6/30/2005(UTC)
Posts: 71
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great, thank you
edit..just tested it, but it won't give any signals
edit..my faultm, it works but sometimes it gives multiple trades in a day..how can I make it like it's maximum does 1 trade a day?
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Rank: Advanced Member
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Try something like:
ST:=Highestsince(1,Hour()=8 and Minute()=0,H);
HV:=Valuewhen(1,Hour()=9 and minute()=0,ST);
Signal:=Cross(C,HV);
Signal and Barssince(ref(Signal,-1))>barssince(hour()=9 and minute=0)
Patrick
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Rank: Advanced Member
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we are almost there, tnx again, ik wont give 2 long signals now, that is good..but If I also want short signals in there with
ST2:=Lowestsince(1,Hour()=8 and Minute()=0,L);
HV2:=Valuewhen(1,Hour()=9 and minute()=0,ST2);
Signal:=Cross(HV2,c) and hour() >=9;
Signal and Barssince(ref(Signal,-1))>barssince(hour()=9 and minute()=0)
It can give a long and short signal on 1 day..is there a code that if there already was a long signal that short signals will be ignored?
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Rank: Advanced Member
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{Enter Long}
ST:=Highestsince(1,Hour()=8 and Minute()=0,H);
HV:=Valuewhen(1,Hour()=9 and minute()=0,ST);
Signal:=Cross(C,HV);
ST2:=Lowestsince(1,Hour()=8 and Minute()=0,L);
HV2:=Valuewhen(1,Hour()=9 and minute()=0,ST2);
Signal2:=Cross(HV2,c) and hour() >=9;
Signal and Barssince(ref(Signal,-1))>barssince(hour()=9 and minute=0)
and Barssince(ref(Signal2,-1))>barssince(hour()=9 and minute=0)
{Enter Short}
ST:=Highestsince(1,Hour()=8 and Minute()=0,H);
HV:=Valuewhen(1,Hour()=9 and minute()=0,ST);
Signal:=Cross(C,HV);
ST2:=Lowestsince(1,Hour()=8 and Minute()=0,L);
HV2:=Valuewhen(1,Hour()=9 and minute()=0,ST2);
Signal2:=Cross(HV2,c) and hour() >=9;
Signal2 and Barssince(ref(Signal2,-1))>barssince(hour()=9 and minute=0)
and Barssince(ref(Signal,-1))>barssince(hour()=9 and minute=0)
Patrick :mrgreen:
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Rank: Advanced Member
Groups ready for retrieval: Registered, Registered Users
Joined: 6/30/2005(UTC)
Posts: 71
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ok, I think this is exactly what I meant..thanks again. Must say I didn't know the service of equis was this good till today. I learn't alot today from the codes you posted here and the video's I watched today. Thank you for doing all this. I appreciate it a lot
gr BB
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Rank: Advanced Member
Groups ready for retrieval: Registered, Registered Users
Joined: 6/30/2005(UTC)
Posts: 71
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 9/8/2004(UTC)
Posts: 2,266
Was thanked: 1 time(s) in 1 post(s)
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No problem :D
Hey g, I have to say you clean up post nicely. Keep up the good work :D
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close breaks the high of the first trading hour [RESOLVED]
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