I want to learn how to place entry,exit and targets.Please help how to code my starategy.
Entry long : price cross above value area low(VAb) of profile
Trailing Stop 1: 10 Ticks below VAb ( value area bottom )
Trailing Stop 2 : 10 Ticks below POC ( Point of control )when price crosses above POC
Trailing Stop 3 : 10 Ticks below VAt ( value area top )when price crosses above VAt
Target One : Break even level
and then raising my stop to close my remaining portion later whenever Trailing stop is hit or at 5 min before session end.
Entry Short : price cross below value area high(VAt) of profile
Trailing Stop 1: 10 Ticks below VAt ( value area top )
Trailing Stop 2 : 10 Ticks above POC ( Point of control )when price crosses belowPOC
Trailing Stop 3 : 10 Ticks above VAb ( value area bottom )when price crosses belowVAt
Target One : Break even level
and then raising my stop to close my remaining portion later whenever Trailing stop is hit or at 5 min before session end.
I enter with 10 lots book 6 lots at breakeven point .Book rest 4 if stop hit or at 5 min before session end.
I want to learn basic entry exit setup ,after that I will work upon my strategy and backtest and optimize it.
nh
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