Hopefully this is a simple task that I am just too stupid to grasp at the moment, but here goes:

If I want to trade based on an indicator (just say a moving average or something), and I want to buy at some point below the average. However, I want to wait until the price moves above the average, and at this time I would like to set this same average to be my exit condition to the downside.

So, train of thought would be:

1. Go long at Point A below moving average
2. Wait until Close[0] is above the moving average
3. Exit Long when Close[0] crosses back below the moving average



I tried coding it sort of like this, but it doesn't work at all.

 

Code

if (Positions[0].MarketPosition == MarketPosition.Long) { if (Close[0] > MovingAverage) if(CrossBelow(EMA(1), MovingAverage), 1)) { ExitLong("c"+Time[-1], "long"); } }

Can anyone provide some help on this? I know it's convoluted, but I'd at least like to learn how to code this (for educational purposes if nothing else!)

Thanks,
Jordis

jordis 

Hopefully this is a simple task that I am just too stupid to grasp at the moment, but here goes: If I want to trade based on an indicator (just say a moving average or something), and I want to buy at some point below the average. However, I want to wait until the price moves above the average, and at this time I would like to set this same average to be my exit condition to the downside. So, train of thought would be: 1. Go long at Point A below moving average 2. Wait until Close[0] is above the moving average 3. Exit Long when Close[0] crosses back below the moving average I tried coding it sort of like this, but it doesn't work at all.   Code if (Positions[0].MarketPosition == MarketPosition.Long) { if (Close[0] > MovingAverage) if(CrossBelow(EMA(1), MovingAverage), 1)) { ExitLong("c"+Time[-1], "long"); } } Can anyone provide some help on this? I know it's convoluted, but I'd at least like to learn how to code this (for educational purposes if nothing else!) Thanks, Jordis

I assume you have CalculateOnBarClose=true;

The easiest way would be to use a simple bool flag like

 

Code

if(crossedabove && CrossBelow(Close[0], MovingAverage) { ExitLong(); crossedabove = false; } else if(Crossabove(Close[0], MovingAverage) && Positions[0].MarketPosition != MarketPosition.Flat) crossedabove = true;

Vvhg

jordis 

Hopefully this is a simple task that I am just too stupid to grasp at the moment, but here goes: If I want to trade based on an indicator (just say a moving average or something), and I want to buy at some point below the average. However, I want to wait until the price moves above the average, and at this time I would like to set this same average to be my exit condition to the downside. So, train of thought would be: 1. Go long at Point A below moving average 2. Wait until Close[0] is above the moving average 3. Exit Long when Close[0] crosses back below the moving average I tried coding it sort of like this, but it doesn't work at all.   Code if (Positions[0].MarketPosition == MarketPosition.Long) { if (Close[0] > MovingAverage) if(CrossBelow(EMA(1), MovingAverage), 1)) { ExitLong("c"+Time[-1], "long"); } } Can anyone provide some help on this? I know it's convoluted, but I'd at least like to learn how to code this (for educational purposes if nothing else!) Thanks, Jordis

How about something like this...I hope I interpreted your rule correctly.


if (Close[0] < MovingAverage[0]) EnterLong();


if (Close[0] < MovingAverage[0] && High[0] >= MovingAverage[0]) ExitLong();