I need very simple help. I'm extremely new to coding so I don't know how to do this.... How do I write a code that buys 25pips (w 7 pip stop-loss) of any selected pair every Wednesday at 10am est. ?
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I need very simple help. I'm extremely new to coding so I don't know how to do this.... How do I write a code that buys 25pips (w 7 pip stop-loss) of any selected pair every Wednesday at 10am est. ?
Hello
Haven't tested but I'd do something like this
Based on this documentation: https://www.tradingview.com/pine-script-reference/v4/#fun_strategy{dot}entry
//@version=4
var InitCapital = 1000000
var InitPosition = 100
var InitCommission = 0.15
var InitPyramidMax = 10
var CalcOnorderFills = true
var CalcOnTick = true
var MaxBarsBack = 1500
var DefaultQtyType = strategy.fixed
var DefaultQtyValue = strategy.fixed
var Currency = currency.USD
var Precision = 6
var Commission_type = strategy.commission.percent
var Overlay=true
var MaxLines=500
var MaxLabels=500
var StudyName = "Pinescript Sample"
var ShortStudyName = "Pinescript Sample"
strategy(title=StudyName, shorttitle=ShortStudyName, overlay=Overlay,
pyramiding=InitPyramidMax, initial_capital=InitCapital, default_qty_type=DefaultQtyType, default_qty_value=InitPosition, commission_type=Commission_type,
commission_value=InitCommission, calc_on_order_fills=CalcOnorderFills, calc_on_every_tick=CalcOnTick, max_bars_back=MaxBarsBack ,precision=Precision, currency=Currency,
max_lines_count=MaxLines, max_labels_count=MaxLabels)
///
pip() => syminfo.mintick * (syminfo.type == "forex" ? 10 : 1)
// check if it's wednesday 10 am EST
if dayofweek(timenow) == dayofweek.wednesday
and timestamp("GMT-5", year(timenow), month(timenow), dayofmonth(timenow), 10, 00, 00))
// buy 1 contract
strategy.entry(id="Long", long=true)
strategy.exit(id="Exit Long", from_entry="Long", profit=25, loss=7)
Daveatt you're a good man. I'll let you know how it goes after testing
Didn't work unfortunately 😢