How to enter a few pips past previous bar

Benz · **Joined:** Mon Oct 31, 2011 5:02 am **Posts:** 10

Hi
Trying to enter the market a few pips past the previous bars low extreme. I have included the following code but doesn't work. Could you please advise?

&& (iLow(Symbol(),0,1)> MarketInfo(Symbol(),MODE_ASK)-0.0005))

The rest of the code is as per Molanis build.
Thanks
Dean

molanisfx · **Joined:** Tue Dec 22, 2009 12:22 am **Posts:** 1761

Try using the mql icon with (iLow(Symbol(),0,1)> MarketInfo(Symbol(),MODE_ASK)+0.0005)
You buy at the ask and not below it
There could be issues with the logic since some Brokers require a minimum of 15 to 20 pips between the order and the market price
You cannot really backtest it since you do not have the Ask price available for backtesting - you only have open,close,high and low - you may want to use open instead of ask

Benz · **Joined:** Mon Oct 31, 2011 5:02 am **Posts:** 10

Thanks for your reply. Didn't think about broker criteria. Could it be coded to enter at market once all conditions are met? therefore monitoring or running the EA each tick?

molanisfx · **Joined:** Tue Dec 22, 2009 12:22 am **Posts:** 1761

To trade each tick there is an option in the START icon - still back test will not be reliable if you use ASK

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How to enter a few pips past previous bar