Conditional Order

wam1234

New member
Hi, I am trying to use a simple conditional order to see how it works but my order is never triggered.

I want my order to be triggered when the price crosses above the high of the previous bar.

So I simply entered: high is greater than high from 1 bar ago

But it's not working

What is the trick here?

Thanks for your help
 

Christian

New member
input showBreakoutSignals = yes;
def cond1 = if high > high[1] then 1 else 0;

plot a = if cond1 then high else Double.NaN;
a.SetStyle(Curve.POINTS);

plot UpSignal = high crosses above high[1];


UpSignal.SetHiding(!showBreakoutSignals);
UpSignal.SetDefaultColor(Color.UPTICK);
UpSignal.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
 

wam1234

New member
Yes! It's Working! Thank you so much Christian!!

As you seem to know what you are talking about... do you know if there is a way to use the function SELL_TO_CLOSE on the conditional orders?

I would like for example to buy 4 SPY following the rule you gave me

Def cond1=if high>high[1] then 1 else 0;
plot a= if cond1 then high else Double.NaN;

And then I would like to sell 2 if the price Go up 2%

And SELL_TO_CLOSE at the market if Low<Low [1]

Any idea how to write the SELL TO CLOSE in the conditional order? I couldn't find it anywhere.

Thank you for your help!!!
 

wam1234

New member
Hi!

I would like to SELL_TO_CLOSE if the price go back to my EntryPrice + 0.01 cts.

Is there a way to write this in the order rules of the conditional Order?

Thank you for your help!
 

wam1234

New member
Hi!

Is there a way to customize the quantity in the order rules of the conditional order?

Thank you for your help
 

Christian

New member
Try with this and tell me, you can modify any condition. In the case 1 condition is high>high[1] and entry is on the next open bar,4 is number of contracts.
I don't use thinkorswim and the most important this is NOT a complete trading system. A complete trading system must include stop, target, risk reward ratio,drawdown and the COMISSSSSSIONNNSSS !!!


1) AddOrder(OrderType.BUY_TO_OPEN, high>high[1],open[-1] ,4,Color.GREEN,Color.GREEN, name = "entry");
2) AddOrder(OrderType.SELL_TO_CLOSE,close>0,close>EntryPrice()*1.02,2,Color.RED,Color.RED, name = "exit");
3) AddOrder(OrderType.SELL_TO_CLOSE,low<low[1],open[-1],2,Color.RED,Color.RED, name = "exit2");
 

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