cut loss concept

hi, i'm rather new to MC, and right now i'm using MC6, would like to make sure something before things go live (broker has no demo server)

right now, i use the following to stop loss:
SetStopContract;
SetStopLoss(200);

i can put these 2 lines anywhere in the signal script ??
how about i have multiple entries ?? so, every entry cut loss will be $200??

it will be wonderful if you can give me some code that will show me how to do multi entries/exits with stops (say, enter every bar for 5 bars...and exit all 10 bars later, with $200 stop for each entry...since, every entry price is supposed to be different, i assume the stop price is different too ??)

Thanks!

hi, i'm rather new to MC, and right now i'm using MC6, would like to make sure something before things go live (broker has no demo server)

right now, i use the following to stop loss:
SetStopContract;
SetStopLoss(200);

i can put these 2 lines anywhere in the signal script ??
how about i have multiple entries ?? so, every entry cut loss will be $200??

it will be wonderful if you can give me some code that will show me how to do multi entries/exits with stops (say, enter every bar for 5 bars...and exit all 10 bars later, with $200 stop for each entry...since, every entry price is supposed to be different, i assume the stop price is different too ??)

Thanks!

Multiple entries and exits?
You are talking about advanced level programming in EasyLanguage.

I would take one step at a time...
try to design a strategy with ONE contract first.
If that works, then expands to more complex logics.

There are over 150 strategy codes in MultiCharts, you can open them in PowerLanguageEditor and study their coding structures.


You can also check out the resources here:

FAQ
viewtopic.php?f=16&t=10811

yes, the 1 contract strategy works and running live now, that's why i'm trying to expand it to multi entries...would be nice if u can point me to a code example that has similar operations, thanks!

just found this:
http://www.investware.net/multicharts/v ... 9c334230b8

the tutorial is valid for MC6 ?? given the document was created in 2008, thanks!

moreover, is it possible to delay sending out orders? say, i use 1 minute bar, can i send out orders at 05 second, instead of 00 second ?? Thanks!

hi, i'm rather new to MC, and right now i'm using MC6, would like to make sure something before things go live (broker has no demo server)
...
Thanks!

You can use InteractiveBroker's Demo System. It is free.
It continuously stream old data all day long. You can use it to test your logic and execute your buy/sell order right on their system.
You do not have to be a client to use this facility, and there is no registration required.