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Tradestation strategy ELD

$30-250 USD

Closed
Posted almost 14 years ago

$30-250 USD

Paid on delivery
Tradestation ELD file for ES market. On 5 minute bars. Inputs: 1. Date of execution(open new trades on this day only(and allow it to close trades on this day or the following day))(to prevent old signals from opening trades) 2. Lot size (number of contracts to trade (e.g. 5) 3. Sell trigger (sell with Market order at OPENTIME if CLOSE is at or above this price) 4. Buy trigger (buy Market order at OPENTIME if CLOSE is at or below this price) 5. Sell Profit Targeta(e.g. 2.00 points) (e.g. in this example, if the CLOSE was 1178, and we sell at the 4:30pm open, we would place a resting limit sell order at 1176)[use only if CLOSE is equal to or above SPTPRICE] 6. Sell Profit Targetb(e.g. 4.00 points) (e.g. in this example, if the CLOSE was 1178, and we sell at the 4:30pm open, we would place a resting limit sell order at 1174) [use only if CLOSE is below SPTPRICE] 7. SPTPRICE – when CLOSE is equal or above this price, the system will use Sell Profit Targeta, otherwise, use Sell Profit Targetb. 8. Buy Profit Targeta (e.g. 3.75 points) (e.g. in this example, if the CLOSE was 1150, and we buy at the 4:30pm open, we would place a resting limit sell order at 1153.75) [use only if CLOSE is equal or below BPTPRICE] 9. Buy Profit Targetb (e.g. 5.75 points) (e.g. in this example, if the CLOSE was 1150, and we buy at the 4:30pm open, we would place a resting limit sell order at 1155.75) [use only if CLOSE is above BPTPRICE] 10. BPTPRICE– when CLOSE is below this price, the system will use Buy Profit Targeta, otherwise it will use Buy Profit Targetb. 11. CLOSE (price at time of day specified by CLOSETIME; close of 4:10pm bar on a 5 minute bar chart, e.g. 1142.25)(this is not an input, it is a discovered variable) 12. CLOSETIME (time to find CLOSE price) (typically 4:15PM EST, or close of 4:10pm bar on a 5 minute bar chart) 13. OPENTIME (time to place opening trades: 4:30pm EST Monday-Thursday, 6:00pm EST on Sunday) Logic: 14. If the CLOSE is equal to or greater than Sell trigger, place market order to sell at OPENTIME 15. If the CLOSE is equal to or less than Buy trigger, place market order to buy at OPENTIME 16. Once position is open, set appropriate profit target as a resting limit order to flatten the position (if trading the sell trigger, and the sell trigger profit target is 2.00, then place the resting limit order at 2 points below the CLOSE). 17. If the position is still open at 4:13pm EST the next day, cancel all orders and close all positions with a market order. 18. Special rule: If the fill we get on the market order exceeds the Profit target price, then disregard the standard profit target, and place a new profit target at one point profit. Note: I don’t know a lot about Tradestation, so I don’t know if this requires consideration, but I need the ability for this to run while I am programming in the next day on the same chart, so each instance needs to be able to run independently. E.g. I may enter in the trade criteria for the Tuesday 4:30pm EST open on Monday night. Then on Tuesday night, if we are filled and the ELD is managing the trade and the trade is open, I still need the ability to enter the trade criteria for the Wednesday 4:30pm EST open without affecting the current open trade. Perhaps having two charts open and having two instances of the ELD, one on each chart, running simultaneously will work, since they won’t ever place trades at the same time. Note: I would like all the values of the variables (both the ones I enter, and the one it derives from the chart) to be displayed on the chart and update in realtime, so that I can glance at the chart and see the values for date of execution, lot size, buy trigger, buy profit targeta, CLOSE, etc. Please arrange them in a vertical list, like Date: 1/1/10 Lot size: 5 Etc.
Project ID: 679621

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Active 14 yrs ago

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