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How to place a stop loss on the entry bar in EasyLanguage
Updated October 13, 2020
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How to place a stop loss on the entry bar in EasyLanguage
October 1st, 2020, 05:17 PM
Los Angels
Experience: Intermediate
Platform: MultiChart
Trading: Emini ES
Posts: 115 since Aug 2018
Thanks Given: 173
Thanks Received: 71
How to place a stop loss/ profit with the entry.
In EasyLanguage the code enters on the next bar. How can I place a StopLoss and a Target at the same time?
The goal is to be able to hit the target during the entry bar.
Can you help answer these questions from other members on NexusFi?
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October 3rd, 2020, 09:23 AM
Los Angels
Experience: Intermediate
Platform: MultiChart
Trading: Emini ES
Posts: 115 since Aug 2018
Thanks Given: 173
Thanks Received: 71
Does anyone use Power Language? Looking for a tutorial. (Learning with a C# background)
October 6th, 2020, 11:55 AM
Las Cruces, NM
Experience: Advanced
Platform: Tradestation, MC, NT
Broker: TradeStation, IB
Trading: Liquid futures contracts
Posts: 56 since Sep 2009
Thanks Given: 389
Thanks Received: 86
SidewalkAerobics
How to place a stop loss/ profit with the entry.
In
EasyLanguage the code enters on the next bar. How can I place a StopLoss and a Target at the same time?
The goal is to be able to hit the target during the entry bar.
SetStoploss() should work on the entry bar.
October 6th, 2020, 12:02 PM
Los Angels
Experience: Intermediate
Platform: MultiChart
Trading: Emini ES
Posts: 115 since Aug 2018
Thanks Given: 173
Thanks Received: 71
edgefirst
SetStoploss() should work on the entry bar.
Using SetStoploss and SetProfitTarget do not place limit orders until the bar AFTER entry. On the entry bar, price can move through the stop or limit.
Do I need to adjust a setting?
October 6th, 2020, 12:14 PM
Las Cruces, NM
Experience: Advanced
Platform: Tradestation, MC, NT
Broker: TradeStation, IB
Trading: Liquid futures contracts
Posts: 56 since Sep 2009
Thanks Given: 389
Thanks Received: 86
SidewalkAerobics
Using SetStoploss and SetProfitTarget do not place limit orders until the bar AFTER entry. On the entry bar, price can move through the stop or limit.
Do I need to adjust a setting?
A simple example.
Code
if C > Highest(C, 20)[1] then buy next bar at market;
SetStoploss(400);
SetProfitTarget(500);
October 6th, 2020, 02:06 PM
Los Angels
Experience: Intermediate
Platform: MultiChart
Trading: Emini ES
Posts: 115 since Aug 2018
Thanks Given: 173
Thanks Received: 71
October 6th, 2020, 02:36 PM
Las Cruces, NM
Experience: Advanced
Platform: Tradestation, MC, NT
Broker: TradeStation, IB
Trading: Liquid futures contracts
Posts: 56 since Sep 2009
Thanks Given: 389
Thanks Received: 86
SidewalkAerobics
Do you update at the close of a bar or continuously?
On the close. No IOG used.
October 6th, 2020, 08:01 PM
Los Angels
Experience: Intermediate
Platform: MultiChart
Trading: Emini ES
Posts: 115 since Aug 2018
Thanks Given: 173
Thanks Received: 71
edgefirst
On the close. No IOG used.
What setting are use to enable a reversal (multiple times) in the same bar on Multicharts ?
I see the same bar reversals in the backtest , but do not see live orders for them when trading.
October 8th, 2020, 12:19 PM
Las Cruces, NM
Experience: Advanced
Platform: Tradestation, MC, NT
Broker: TradeStation, IB
Trading: Liquid futures contracts
Posts: 56 since Sep 2009
Thanks Given: 389
Thanks Received: 86
SidewalkAerobics
What setting are use to enable a reversal (multiple times) in the same bar on
Multicharts ?
I see the same bar reversals in the
backtest , but do not see live orders for them when trading.
It has been a long time since last time I used MC for live trading. In TradeStation, live trading matches simulation quite well.
October 12th, 2020, 06:31 PM
Los Angels
Experience: Intermediate
Platform: MultiChart
Trading: Emini ES
Posts: 115 since Aug 2018
Thanks Given: 173
Thanks Received: 71
edgefirst
It has been a long time since last time I used MC for live trading. In TradeStation, live trading matches simulation quite well.
Thanks edgefirst! Does Tradestation simulation show similar slippage results as live algo trading?
Any input you can provide on Tradestation would be appreciated.
Last Updated on October 12, 2020