Topic: Opening 2 Pips Above Bar

I am trying to create a strategy tester for the Ichimoku Kinko Hyo Indicator.

My strategy requires that I allow one bar to open and close above or below the Kijun or the Tenkan Sen and then enter 1 or 2 pips above the previous close.

If the bar does not reach that level then I apply the same rule to the next bar.

If that bar doesn't reach that level - No Trade

I'm very new to the FSB and would welcome help in programming this strategy in the FSB

Re: Opening 2 Pips Above Bar

You can use "Price Move" for entry point. In your case you have to set Base price - Close. Doing so, FSB will switch on "Use previous bar value" for the indicator, which means the position will open N pips above / below the previous close.

In the shown example, we enter long 10 pips above the previous close, when the current bar opens above Kijun Sen,
Enter short 10 pips below previous close when the Open is below Kijun Sen.

Re: Opening 2 Pips Above Bar

Thank you Popov, I will give that a try and let you know how it goes.