Support Board
Date/Time: Sun, 22 Dec 2024 20:01:28 +0000
[User Discussion] - Referencing new bar for closing position in SpreadsheetStudy for Auto trading
View Count: 1080
| [2015-04-30 10:41:17] |
| User81805 - Posts: 9 |
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Hello. I can not figure out the formula for referencing a new bar. What I am trying to do is to have an open position closed out upon a new price-bars arrival. I am using a Range Per Bar (in ticks) price-bar setup. Some help with this would be much appreciated. |
| [2015-04-30 16:32:52] |
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So you want to determine when there is a new bar in the chart using a spreadsheet formula? Inherently this is hard to do with Spreadsheets. At least the answer is not obvious. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
| [2015-04-30 17:48:28] |
| User81805 - Posts: 9 |
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Yes, or when the current one closes, if that is easier to do? The same result could also be achieved by having a stop-loss/take profit based on the difference between the "last" value and the "open" value of the price-bar. Is this possible? If so, what would this formula look like? |
| [2015-04-30 20:19:19] |
| Sawtooth - Posts: 4141 |
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If you have a starting timestamp, say from a position entry (J42), you could use something like this (e.g., in cell T3): =IF(AND($J$42-INT($J$42)>=A4-INT(A4),$J$42-INT($J$42)<A3-INT(A3)),1,T4+1) This will produce a 1 at the open of the first bar following the bar where the entry occurred, and increment thereafter. You can then reference T3 in L3/N3 for a certain bar number after the entry. If you wanted to exit a position at the open of the bar following the entry, set the 'Signal Only On Bar Close(L,N)' to No and use a L3/N3 formula that included something like this: AND($J$8<>0,T3=1) Date Time Of Last Edit: 2015-04-30 20:20:09
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| [2015-04-30 21:10:15] |
| User81805 - Posts: 9 |
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But if I want to use more of a take-profit/stop-loss for each bar, using the difference in values in E3 and B3, how should the formula look? For example: The symbol is EURUSD, the range per bar is set to 0.00500. I want my short-position that opened when E3<B3, to close out to a profit if the pricedifference from B3 to E3 is -0.00200, and take the loss if the pricedifference from B3 to E3 is +0.00175. The same for a long-position, just the opposite. How should this formula look? |
| [2015-04-30 23:20:56] |
| Sawtooth - Posts: 4141 |
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My response in post #4 was in reference to your post #1. For your question in post #5, try this: L3: =AND($J$8>0,OR(E3-B3>=0.002,B3-E3>=0.00175)) N3: =AND($J$8<0,OR(B3-E3>=0.002,E3-B3>=0.00175)) this assumes you want to exit in the same bar as the entry. |
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