GenerateStopLoss

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tradetree
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GenerateStopLoss

Postby tradetree » 10 Jan 2014

I thought the following code would work for long and short entries. Right now I have a short entry in YG at 1220, and this code created a stop loss entry at 1201.7, where stop_loss_max is 8. This is clearly incorrect. The stop loss for a short position should be above the entry price, not below it. I checked the programming documentation and there is no indication regarding doing something special for a short position.


Code: Select all

         if( StrategyInfo.MarketPosition != 0 ){
            CurSpecOrdersMode = ESpecOrdersMode.PerContract;
            GenerateStopLoss( stop_loss_max*100 );
         }

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Alex MultiCharts
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Re: GenerateStopLoss

Postby Alex MultiCharts » 10 Jan 2014

Hello,

Please try to exclude the conditions for GenerateStopLoss, as it is working only when there is an open position.

You can also use the pre-built Stop Loss signal script as the example.
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