Flip trade

Questions about MultiCharts and user contributed studies.
User avatar
Mark Brown
Posts: 181
Joined: 29 Nov 2016
Has thanked: 111 times
Been thanked: 17 times

Flip trade

Postby Mark Brown » 04 May 2023

Using Kase range bars and the following code to trade inside a 8 full point bar.

The orders using brackets will enter and exit within the bar, if there is a loss I wish to flip the trade at the close of the bar ;

I have tried many times and must be overthinking it to get it to work. I'm at a loss of logic.

Any help would be appreciated comments to nudge me, not asking for actual code.

[IntrabarOrderGeneration = true]


///////////////////////////////////////////////////////////////////////////////

if l>pp and h=c then begin buy num contracts this bar on c ; end ;


///////////////////////////////////////////////////////////////////////////////

if h<pp and l=c then begin sell short num contracts this bar on c ; end ;


///////////////////////////////////////////////////////////////////////////////


setprofittarget_pt(10) ;
setstoploss_pt(20) ;

User avatar
Vlada MultiCharts
Posts: 293
Joined: 22 Apr 2020
Has thanked: 8 times
Been thanked: 76 times

Re: Flip trade

Postby Vlada MultiCharts » 11 May 2023

Hello Mark
if there is a loss I wish to flip the trade at the close of the bar
Please try the following solution:

Code: Select all

[IntrabarOrderGeneration = true]; buy next bar at market; //exit with position if openpositionprofit is loss if openpositionprofit < 0 then begin sellshort this bar at close; buy this bar at close; end;


Return to “MultiCharts”