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Old 03-08-2006, 11:35 PM
Junior Member
 
Join Date: Nov 2005
Posts: 26
caldolegare is an unknown quantity at this point
simple idea...need programmers

ok i've tried to do this for a friend of mine but i can't seem to get it right. ok here is what i need. first i need to be able to set lots, take profit, day of month, hour, minute and second. when it hits the day at X hour at Y minute and Z seconds it needs to do the following.

1) Store the ask and bid prices
2) If the price goes up 10 points then open buy. If price goes down 10 points then open sell.
3) I need the trailing stop to be 1 pip with a stop loss of 3.

he is a news trader so i'm sure he's just trying to do some sniping. i'll share the results with you guys after he has run it for a bit.
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Old 03-09-2006, 09:39 AM
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Quote:
Originally Posted by caldolegare
ok i've tried to do this for a friend of mine but i can't seem to get it right. ok here is what i need. first i need to be able to set lots, take profit, day of month, hour, minute and second. when it hits the day at X hour at Y minute and Z seconds it needs to do the following.

1) Store the ask and bid prices
2) If the price goes up 10 points then open buy. If price goes down 10 points then open sell.
3) I need the trailing stop to be 1 pip with a stop loss of 3.

he is a news trader so i'm sure he's just trying to do some sniping. i'll share the results with you guys after he has run it for a bit.
I think it is now very good idea to have 1 pip trailing stop and 3 pips stop loss.
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Old 03-09-2006, 05:13 PM
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Join Date: Nov 2005
Posts: 26
caldolegare is an unknown quantity at this point
i'm assuming you're saying that it is a bad idea. i don't disagree. i think he mainly wants to use it on nonfarm payroll day when the market moves fast in 1 direction for a minute or so before returning back to normal. i can always tweek the code. i just can't seem to get the trailing stop right.
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Old 03-10-2006, 06:01 AM
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Join Date: Oct 2005
Posts: 223
sailor is on a distinguished road
caldolegare


think of the spread ? he is out of the market straight away no chance with 3 pip stop..
sailor
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