Exit at the open  [SOLVED]

I'm trying to create a exit based on the first profitable open price. Meaning if I have a long position in the market and tomorrow's open is above my entry price then exit at that open price.

Another way of putting it, is I'm trying to sell at a limit price (above my entry price) only at the market open time.

Without being able to reference tomorrow's open price (open[-1]) in the code, I'm can't seem to get it to work.

If marketposition >= 1 and openpositionprofit > 0 then
Sell("LongExit") next bar at open;

As you can see from my coding above doesn't quite to the job.

Any help would be greatly appreciated.

Try this

Try this

Code: Select all


if (MarketPosition > 1) and (BarsSinceEntry >=1) and (Open > AvgEntryPrice) then sell next bar at Market;


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Shouldn't it be " if (MarketPosition = 1) "

etrader808, you can use "buy next bar at open next bar" command in your code.
Please refer to the following thread for more details.

Try this

Code: Select all


if (MarketPosition > 1) and (BarsSinceEntry >=1) and (Open > AvgEntryPrice) then sell next bar at Market;


*************************************************************************
Shouldn't it be " if (MarketPosition = 1) "

Thanks for drawing my attention to error in code I posted earlier ,it should be (MarketPosition=1) or (MarketPosition > 0)

Thanks guys for the reply.

sptrader, I've tried the code you posted it seems to skip most of the open that are profitable. see attached.

The closest I've come is using the "sell next bar at open next bar limit;" but I can't seem to get it to exit only when the open price if above entry price.

input: DOW(1);

If marketposition <> 1
and DayOfWeek(Date) = DOW and close < close[1] and open < close[1] then
Buy("LongEntry") next bar at High stop;

if MarketPosition = 1
then sell next bar at open next bar limit;

Thanks guys for the reply.
sptrader, I've tried the code you posted it seems to skip most of the open that are profitable. see attached.
The closest I've come is using the "sell next bar at open next bar limit;" but I can't seem to get it to exit only when the open price if above entry price.
input: DOW(1);
If marketposition <> 1
and DayOfWeek(Date) = DOW and close < close[1] and open < close[1] then
Buy("LongEntry") next bar at High stop;
if MarketPosition = 1
then sell next bar at open next bar limit;

Look up

IntraBarOrderGeneration

ps:
[FAQ] How to Post Codes (that people can read)
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