Hello Rizwan,
It seems the question is about determining whether the price increased by 30 pips first or decreased by 50 pips first after opening at 9:30 AM.
Assuming the data is stored in a table with the first row containing column names, follow these steps to identify whether the target or stop was hit first:
- Define the target and stop levels.
starting_price = data.Open(1);
target_level = starting_price + 0.00030; % 30 pips up
stop_level = starting_price - 0.00050; % 50 pips down
- Declare flags to record which level was hit first.
target_hit = false;
stop_hit = false;
hit_time = NaT;
- Iterate over each row, updating the flag when the target or stop level is hit, and store the hit time in a variable named 'hit_time'.
for i = 2:height(data)
if data.High(i) >= target_level && ~target_hit
target_hit = true;
hit_time = data.Time(i);
end
if data.Low(i) <= stop_level && ~stop_hit
stop_hit = true;
hit_time = data.Time(i);
end
end
- Use the code snippet below to display the results:
if target_hit && ~stop_hit
fprintf('Target level was hit first at %s.\n', char(hit_time));
elseif stop_hit && ~target_hit
fprintf('Stop level was hit first at %s.\n', char(hit_time));
else
fprintf('Neither level was hit by the end of the day.\n');
end
