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| On Candle variable |
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Karl1
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| Post subject: On Candle variable |
Post rating: 0
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Posted: Wed 28 May, 2014, 08:12
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User rating: 0
Joined: Tue 20 May, 2014, 13:09
Posts: 15
Location: Malaysia, Kuala Lumpur
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Hi A,
Can I know if the on_candle variable's "last bid candle high" is equivalent to the previous(1) candle's high?
Besides, referring to the attached strategy, can I know how to change the close position condition to as below:
If last tick ask > previous one candle's low (at the minute of 7)
I've tried to modified in-accordance to the above but it turned out to be an error file.
Can you please help?
Thanks and regards,
chia
| Attachments: |
M7_1.jfx [21.24 KiB]
Downloaded 127 times
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amine_chourou
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| Post subject: Re: On Candle variable |
Post rating: 0
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Posted: Wed 28 May, 2014, 17:27
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| Visual JForex expert at Dukascopy |  |
User rating: 288
Joined: Thu 18 Apr, 2013, 09:26
Posts: 1496
Location: Switzerland, Geneva
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Hi,
Last candle data are indeed different from the previous candle data (Using shift value =1) but there is a detail that could answer your question:
Close price of a given candle could not be know at the level of this candle it self but only following the next tick price that will constitute the open price of the next candle, the reason is because it is simply impossible to know the close price of given candle while it is currently still under construction --> Once the candle period is expired i.e - starting from the next millisecond that follows- the system store the previous tick price as the closing price. This is also applicable on the low price of a given candle as till the very last moment, a tick received within the period range could be lower then the previous recorded low price and therefore it will be the new low price of this candle.
If you need to close your position at exactly the 7th minute (meaning open price of the 7th mn candle) then you need to change your closing condition and consider the low price of candle 6 instead.
PS: You've attached a jfx file instead of vfs
Thanks
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