EL Exit Question  [SOLVED]

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StefanoSF
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EL Exit Question

Postby StefanoSF » 16 Apr 2013

Hi,

I would like to use the Stops & Target signal twice in a strategy. One version to exit Long and one version to cover a Short.

Can someone show me how the standard S&T code below is changed to only cover an existing Short positions.

Code: Select all

[IntrabarOrderGeneration = false]
inputs:
ShareOrPosition( 1 ),
ProfitTargetAmt( 5 ),
StopLossAmt( 1 ),
BreakevenFloorAmt( 0 ),
DollarTrailingAmt( 0 ),
PctTrailingFloorAmt( 0 ),

PctTrailingPct( 0 ),

ExitOnClose( false ) ;





if ShareOrPosition = 1 then
SetStopShare
else
SetStopPosition ;

if ProfitTargetAmt > 0 and positon long then
SetProfitTarget( ProfitTargetAmt ) ;
if StopLossAmt > 0 then
SetStopLoss( StopLossAmt ) ;
if BreakevenFloorAmt > 0 then
SetBreakeven( BreakevenFloorAmt ) ;
if DollarTrailingAmt > 0 then
SetDollarTrailing( DollarTrailingAmt ) ;
condition1 = PctTrailingFloorAmt > 0 and PctTrailingPct > 0 ;
if condition1 then
SetPercentTrailing( PctTrailingFloorAmt, PctTrailingPct ) ;
if ExitOnClose = true then
SetExitOnClose ;

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ABC
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Re: EL Exit Question  [SOLVED]

Postby ABC » 18 Apr 2013

StefanoSF,

take a look at the build in Profit Target LX and Profit Target SX (where LX = long exit and SX stands for short exit). Together with Stop Loss LX and Stop Loss SX, this should point in the right direction.

Regards,
ABC

StefanoSF
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Re: EL Exit Question

Postby StefanoSF » 18 Apr 2013

Perfect. Thanks!


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