NexusFi: Find Your Edge

Home Menu


Place text at order entry/exit bar

Discussion in EasyLanguage Programming

    1. trending_up 2,002 views
    2. thumb_up 0 thanks given
    3. group 3 followers
    1. forum 2 posts
    2. attach_file 0 attachments

Search this Thread
  #1 (permalink)
Hong Kong
Posts: 15 since Jul 2013
Thanks Given: 0
Thanks Received: 1


I am new to EasyLanguage, I have some logic that determines when to long (as below), and would like to also place the entry price at that bar (since order label cannot be dynamic).

However, the text is placed on every bar after the condition is true, which makes me really puzzled

Order is not entered multiple times though.

Is that because my max position is 1?

Or somehow because Text_New is a series function?

Sorry if this sounds very primitive.


if Close crosses over UpperBand then
Buy ( "SVE Vol LE" ) next bar market ;
Value2 = Text_New(Date, Time, Low, NumToStr(EntryPrice, 0));

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Better Renko Gaps
The Elite Circle
Help re translation of ninjascript to EL
How to create dashboard like this one?
Platforms and Indicators
How to plot a custom icon for crossover
MC PL editor upgrade
Best Threads (Most Thanked)
in the last 7 days on NexusFi experience and review
98 thanks
HumbleTraders next chapter
56 thanks
Winning attitudes create winning traders
38 thanks
Vinny E-Mini & Algobox Review TRADE ROOM
23 thanks
Learning to Trade with the Big Money
22 thanks
  #3 (permalink)
 ABCTG   is a Vendor
Posts: 2,436 since Apr 2013
Thanks Given: 486
Thanks Received: 1,629

Hi ivanyu,

this is because the way your code is currently you allow for text printing on every bar. The condition is only valid for the long entry.
You need to slightly modify your code to

if Close crosses over UpperBand then begin
Buy ( "SVE Vol LE" ) next bar market ;
Value2 = Text_New(Date, Time, Low, NumToStr(EntryPrice, 0));
You will probably notice two things now:
1. the text will be printed every time the Close crosses over the Upperband. Depending on how many entries you allow in the same position that could mean more text than entries.
2. The text might not reflect the correct entry price as it is drawn when the order is send (meaning at this moment there is no way to know the exact entry price already).

To overcome both issues you could simply move the text drawing to another condition, which could either be a change in the Marketposition or a change in the number of shares/contracts that are currently open.


Follow me on Twitter Reply With Quote

Last Updated on August 5, 2013

© 2024 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 - Privacy Policy - Downloads - Top
no new posts