NexusFi: Find Your Edge


Home Menu

 





Exit strategies: not triggered with automated orders


Discussion in MultiCharts

Updated
    1. trending_up 1,608 views
    2. thumb_up 1 thanks given
    3. group 2 followers
    1. forum 2 posts
    2. attach_file 0 attachments




 
Search this Thread
  #1 (permalink)
JohnJo
Mexico city
 
Posts: 15 since May 2019
Thanks Given: 4
Thanks Received: 0

Hi all,

Just wanted to check if it's a Bug or an expected result:

1) Configured an "Exit strategy" with a Take Profit to X number of ticks (Chart option);
2) Set it to "Auto Attach as Exit Strategy";
3) Added a Signal to the Chart to open automatic orders.

When the signal opened a Position, no exit strategy is attached !!
Is this correct ? Will the Exit strategy only apply to manual orders placed on the Chart ??

Do let me know, thanks.

Rgds
JohnJo.


Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Saylors 41-Month HODL Breaks: Strategy Sells 32 BTC as $ …
Prediction Markets & Event Contracts
Trump Truth Social Fires Hormuz From 10% to 59% -- Arsen …
Prediction Markets & Event Contracts
April CPI Preview: +3.7% YoY Expected at 8:30 AM ET -- C …
Traders Hideout
Khamenei Vetoes Uranium Transfer as Peace Odds Surge to …
Prediction Markets & Event Contracts
Penalties in Budapest, Peace Deadline in Tehran: Arsenal …
Prediction Markets & Event Contracts
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
The Pivot Point 113.6³ — Navigating the Prediction of …
26 thanks
Sober Journey With S&P
17 thanks
The Confluence Meter: A Multi-Layered Signal Framework B …
11 thanks
NT8 color choices
10 thanks
Volume Indicators
7 thanks
  #2 (permalink)
 ocpb 
Hartford CT, USA
 
Experience: Beginner
Platform: None
Trading: ES
Posts: 126 since Jan 2015
Thanks Given: 152
Thanks Received: 126


JohnJo View Post
Will the Exit strategy only apply to manual orders placed on the Chart ??

Yes, that's correct. Signals (autotrading) and manual "Strategies" know nothing about each other, so you aren't able to use the chart trader or DOM exits/brackets/trailing features to manage automated orders from a Signal.

There is the option to combine your signal with built-in exit-type signals. There are a bunch of them and they end in LX or SX I believe. You just have to add them to the same chart with your custom signal. These were interesting to experiment with, or to look at their code, or for trying a quick backtest.

However - I wouldn't trust this type of combination for algo development. It is interesting that the system lets you do this but I think it is way too fragile to keep track of multiple interdependent signals on a chart to make up a trading system. So I'd recommend always coding the exit logic directly into the code for the signal.


Reply With Quote
Thanked by:
  #3 (permalink)
JohnJo
Mexico city
 
Posts: 15 since May 2019
Thanks Given: 4
Thanks Received: 0


Thanks ocpb for your feedback. I will follow your recommendation and code myself the exit strategy. Appreciated.


Reply With Quote




Last Updated on July 2, 2019


© 2026 NexusFi®, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Downloads - Top
no new posts