2 strategies and 2 types of stops managements... How to?

October 27th, 2010, 05:22 PM

Hello

Another big interogation for me with EasyLanguage

I have developped a system that include two strategies. Each one as its one stop management. How could I differentiate them so that their appropriate orders being modified.

EX: Entry_Type1 move stop to the low of the bar
Entry_Type2 If channel hit move stop to the low of the bar

In any moment, I could have more than one positions running. Since each of them had id reason to be in ( setup), I need to manage them according to their respective rules.

Thanks to and but a special one to Big Mike.

Martin

October 27th, 2010, 06:18 PM

I believe you are looking for "from entry". See the following example.

Code

                            
buy ("LE") next bar at highest(h,20) stop;
sell short ("SE") next bar at lowest(l,20) stop;

sell from entry ("LE") next bar at lowest(l,10) stop;
buytocover from entry ("SE") next bar at highest(h,10) stop;

October 28th, 2010, 07:23 AM

MooreTech

I believe you are looking for "from entry". See the following example.

Code

                            
buy ("LE") next bar at highest(h,20) stop;
sell short ("SE") next bar at lowest(l,20) stop;
 
sell from entry ("LE") next bar at lowest(l,10) stop;
buytocover from entry ("SE") next bar at highest(h,10) stop;

Thanks MoorTech

I understand your code when all trades is managed within MultiCharts. All orders sent are to be executed at market.

Now, if my stops reside on my broker server like a stop loss "stop if bid " that was placed when the entry was done few bars ago for a position named "LE".

How do I know if this stops from position "LE" as been hit ? Order to sell was on broker server and could be hit any time before being canceled. What is the link between Multicharts position and actual reel positions. How to have them synchronize, Big interrogation for me????

Have a great day

Martin
Martin

2 strategies and 2 types of stops managements... How to?

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2 strategies and 2 types of stops managements... How to?