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How can I do this in MetaTrader.

  • #1
  • First Post: Aug 4, 2008 11:36pm Aug 4, 2008 11:36pm
I am trying to write an EA, and I need some help. I want a trade to be closed when it comes back down to touch the 40 EMA (in a long position). I am using daily charts. I need the trade to occur the instant it touches the 40EMA. I do not want to wait for the close.

Close[0], or Low[0] appear to wait until the bar closes in a back test. How can I do this?


Thanks.
  • #2
  • Aug 4, 2008 11:52pm Aug 4, 2008 11:52pm
Close[0] will give you the current price. What you may be running into is by just using the = comparison it may very seldom actually be exactly =. You may want to check within a certain range.

In backtesting at best you can get is 1 min ticks for testing. This may also cause trouble during your testing. Best method is to forward test.
  • #3
  • Aug 5, 2008 12:44am Aug 5, 2008 12:44am
Magnumfreak,

Thanks for the reply. So, Close[0] will give me the current price even if it's in the middle of a bar? I was under the impression that it would only give me the close value of that bar. Please confirm either way.

I wish I could test with minute data, but I can't get enough to back far enough.

The strategy I'm writing is long term, so I really need to backtest.


Thanks,

Frank

Quoting magnumfreak
Close[0] will give you the current price. What you may be running into is by just using the = comparison it may very seldom actually be exactly =. You may want to check within a certain range.

In backtesting at best you can get is 1 min ticks for testing. This may also cause trouble during your testing. Best method is to forward test.
  • #4
  • Aug 5, 2008 1:03am Aug 5, 2008 1:03am
correct, close[0] will give you the current price. anything other than 0 in the brackets will only give you the close of the candle. Makes it tougher to backtest.
  • #5
  • Last Post: Aug 5, 2008 8:31am Aug 5, 2008 8:31am
Thanks MagnumFreak! This was very helpful.


Frank

Quoting magnumfreak
correct, close[0] will give you the current price. anything other than 0 in the brackets will only give you the close of the candle. Makes it tougher to backtest.
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