Hello everybody

I m wondering how to code "exitlong" or "exitshort" conditions.
Below, you can see my extrait of my code (which doesn't work...)

 

Code

// exitlong conditions If (Marketposition = 1) then begin Sell currentbar at entryprice+5 ; end; setstoploss (-5);

As soon as a long (buy) position is open (order n°1), I would send two another orders :
order n°2 => it would be placed to "myentryprice + 5 ticks" (with limit order and on the current bar)
and
order n°3 => it would be placed to "myentryprice - 5 ticks" (with market order, a kind of stoploss...)
and "if current price = myentryprice + 2 ticks" then the order n°3 is going up to this level.

Anybody have an idea please?

ruliann,

there are some things that catch my eye: the limit exit order should be "next bar" and tick based exits should be converted to points. To exit a trade with the build in setstop loss the input should be positive and is dollar based.
So your code can look something like this:

 

Code

Inputs: PositionBasis( false ), StopTicks( 5 ) ; Variables: vStopPoints (0), StopAmount (0), vOneTick (0); once begin vOneTick = MinMove/PriceScale; vStopPoints = StopTicks * vOneTick; StopAmount = vStopPoints * BigPointValue; end; //limit exit If (Marketposition = 1) then Sell ("LX") next bar entryprice + vStopPoints limit; //stop loss part if PositionBasis then SetStopPosition else SetStopShare ; SetStopLoss( StopAmount ) ;

Regards,
ABCTG

Hi ABCTG

Interesting your proposition, I m going to try it

I will keep you updated !

tks