Will this signal works on EURUSD?  [SOLVED]

I am doing a signal based on EURUSD, the idea was, set a priceX, e.g. 1.29000, and set a step say every 25 pips. and a buffer zone for going long , e.g. 5 pips.

so if price reach 1.29000+-step then sell; if price reach 1.29000+-step+buffer zone pips then buy.

In details is Sell @1.29000;1.29250;1.29500;129750;1.30000 etc. and buy @1.29050;1.29300;1.29550;1.29800;1.30050 etc.

my code looks below. It's not give me any trade? Who can correct my code please. Many thanks.

I am doing a signal based on EURUSD, the idea was, set a priceX, e.g. 1.29000, and set a step say every 25 pips. and a buffer zone for going long , e.g. 5 pips.

so if price reach 1.29000+-step then sell; if price reach 1.29000+-step+buffer zone pips then buy.

In details is Sell @1.29000;1.29250;1.29500;129750;1.30000 etc. and buy @1.29050;1.29300;1.29550;1.29800;1.30050 etc.

my code looks below.

Code: Select all

[IntrabarOrderGeneration = true]

inputs: priceX(1.25000),
step (0.00250),
buff (0.00050);

vars: Count(0);

Count= Count + 1;

if close = priceX + Count * step + buff then buy next bar at market;
if close = priceX + Count * step then sell short next bar at market;

It's not give me any trade? Who can correct my code please. Many thanks.

Before you jump head first into writing a strategy,
I would suggest you to start the logic with an indicator:

Replace BUY and SELL with a PLOT. e.g plot a large red dot where you think you want to sell, and plot a large blue dot where you want to buy. This way you can visually inspect your logic on the chart before getting into the nitty-gritty syntax of buying and selling.

the beauty of Multicharts is that signal is not hard to write. I just find writing a signal is the same work of writing a indicator. if i can't get a signal done, i can't get a indicator done. ^_^

imoneyfish, just Print out the price values your code generates and compare it with the bar close values of the chart.

Solved in the live chat. The script was generating orders with unrealistic price.