Code conditions to close a long position

hendrix · Postby **hendrix** » 20 Mar 2014

Hello everybody

I m wondering how to code "exitlong" or "exitshort" conditions.
Below, you can see my extrait of my code (which doesn't work...)

Code: Select all


// exitlong conditions



If (Marketposition = 1) then begin

Sell currentbar at entryprice+5 ;

end;

setstoploss (-5);

As soon as a long (buy) position is open (order n°1), I would send two another orders :
order n°2 => it would be placed to "myentryprice + 5 ticks" (with limit order and on the current bar)
and
order n°3 => it would be placed to "myentryprice - 5 ticks" (with market order, a kind of stoploss...)
and "if current price = myentryprice + 2 ticks" then the order n°3 is going up to this level.

Anybody have an idea please?

MAtricks · Postby **MAtricks** » 20 Mar 2014

Code: Select all


Inputs:

	Buffer( 5 ),

	SL( 5 ) ;





	if MP[1]<=0 and MP>0 then 

		sell next bar AvgEntryPrice+Buffer Limit ;



	Setstoploss( SL ) ;

hendrix · Postby **hendrix** » 21 Mar 2014

Hi MAtricks

thanks for your proposition, I m going to try it

++

MAtricks · Postby **MAtricks** » 21 Mar 2014

I hope it helps. If you're trading multiple symbols, you might want to convert the Buffer (PT) into a Points or Ticks which would be universal.

Code conditions to close a long position

Code conditions to close a long position

Re: Code conditions to close a long position

Re: Code conditions to close a long position

Re: Code conditions to close a long position