Multiple Data, Allocating code when or not to use the data

May 3rd, 2017, 12:57 PM

Hi Guys!

I'm working with a 3 Data chart in Multicharts. I'm looking to take advantage of both longer term and shorter term opportunities. What I'd like to have happen is this: If I'm "short-term long/short," I'd only like the "short term long/short exit" to apply. Same in reference to the longer term trades.

The problem is, sometimes a shorter or longer term Condition might be true and trigger the wrong exit. I tried to counter this with an "AND" clause (see below), but that doesn't seem to be doing the trick (ex: I'm getting a "short term entry" and then a "long term exit," when I'd like it to be a "short term exit" instead).

Is there a way to specify an entry into the market and disregard the information on the other data stream? Any information would be greatly appreciated! Thanks for your time.

Code

IF MarketPosition = 0
THEN BEGIN
IF condition1 THEN BUY              ("Long_ShortTern") next bar at market ;
IF condition3 THEN SELL SHORT ("Short_ShortTerm") next bar at market ; 
IF condition5 THEN BUY              ("Long_LongTern") next bar at market ;
IF condition7 THEN SELL SHORT ("Short_LongTerm") next bar at market ; 
END; 

IF MarketPosition <> 0
THEN BEGIN
IF Condition2 AND Condition1 THEN SELL                ("exitLong_ShortTerm") next bar at market ; 
IF Condition4 AND condition3 THEN BUY TO COVER ("exitShort_ShortTerm") next bar at market ; 
IF Condition6 AND condition5 THEN SELL                 ("exitLong_LongTerm") next bar at market ; 
IF Condition8 ANd Condition7 THEN BUY TO COVER ("exitShort_LongTerm") next bar at market ;
END ;

ABCTG · May 3rd, 2017, 01:43 PM

djvie11,

if you only want to allow short term exits to be used with short term entries, you could tie your exits to the entry using "from Entry" as described here:
https://www.multicharts.com/trading-software/index.php/Entry

Regards,

ABCTG

May 3rd, 2017, 01:49 PM

ABCTG

djvie11,

if you only want to allow short term exits to be used with short term entries, you could tie your exits to the entry using "from Entry" as described here:
https://www.multicharts.com/trading-software/index.php/Entry

Regards,

ABCTG

This is EXACTLY what I'm looking for! Thank you, ABCTG!