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Help with thinkscript Strategy Closing a Position


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Help with thinkscript Strategy Closing a Position

  #1 (permalink)
Leevize
Hillsboro Oregon
 
Posts: 2 since Feb 2018
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Thanks Received: 0

thinkscript newb here.
This strategy script will get into a trade but I can't seem to figure out how to get it to close the trade. Anyone know what I'm doing wrong here?

 
Code
input length = 14;
input trendLevel = 20;
input maxLevel = 50;
input PriceMovmentProfit = 0.10;
input PriceMovmentLoss = 0.10;
input averageType = AverageType.WILDERS;

def ExitpriceProfit = EntryPrice() + PriceMovmentProfit;
def CurrentPrice = getaveragePrice();

def hiDiff = high - high[1];
def loDiff = low[1] - low;

def plusDM = if hiDiff > loDiff and hiDiff > 0 then hiDiff else 0;
def minusDM =  if loDiff > hiDiff and loDiff > 0 then loDiff else 0;

def ATR = MovingAverage(averageType, TrueRange(high, close, low), length);
def DIplus = 100 * MovingAverage(averageType, plusDM, length) / ATR;
def DIminus = 100 * MovingAverage(averageType, minusDM, length) / ATR;

def DX = if (DIplus + DIminus > 0) then 100 * AbsValue(DIplus - DIminus) / (DIplus + DIminus) else 0;
def ADX = MovingAverage(averageType, DX, length);

#dmiplus is greater than dmiminus and adx is above trendLevel
AddOrder(OrderType.BUY_TO_OPEN
    ,(DIplus[1] < DIminus[1])
    and (DIplus > DIminus)
    and ADX > trendLevel
    , tickcolor = GetColor(0), arrowcolor = GetColor(0), name = "Uptrend " );


AddOrder(OrderType.BUY_TO_CLOSE,  ExitpriceProfit,  tickcolor = GetColor(2), arrowcolor = GetColor(2), name = "CLOSE " + ExitpriceProfit );

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  #2 (permalink)
 Vacationer 
Sarasota, Florida
 
Experience: Intermediate
Platform: TOS, IB, TS
Broker: TD Ameritrade, IB, TS
Trading: ES, NQ, YM, RTY
Posts: 27 since Jan 2018
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Leevise,

From what I can see in your last line of code, this AddOrder should be " Sell_To_Close". Hope this helps.

Haven't gone thru all the code to see if your variable actually becomes true , but I think this order type is worth noting.

Good luck,

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  #3 (permalink)
Leevize
Hillsboro Oregon
 
Posts: 2 since Feb 2018
Thanks Given: 2
Thanks Received: 0



Vacationer View Post
Leevise,

From what I can see in your last line of code, this AddOrder should be " Sell_To_Close". Hope this helps.

Haven't gone thru all the code to see if your variable actually becomes true , but I think this order type is worth noting.

Good luck,

Wow, thought i tried that one. That was it. Thanks so much.

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Last Updated on February 16, 2018


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