Multiple exit conditions

kentai · Postby **kentai** » 28 Dec 2011

Hi,

I have been trying to code something. I was trying to write a strategy which allows me to establish a few ways to exit after I establish a position. For example, I like to buy 20 contracts when the ES crossed above its 200-bar EMA and place a limit sell order to sell 10 contracts after it moves up by 3 points and sell the remaining 10 contracts when ES crosses below its 200-bar EMA. I tried to divide the entry into 2 parts like:

Code: Select all

Buy ("EMALE1") at next bar at Xaverage(C,200) limit;

Buy ("EMALE2") at next bar at Xaverage(C,200) limit; 



Sell ("EMALX1") from entry ("EMALE1") at next bar at entryprice+3 limit;

Sell ("EMALX1") from entry ("EMALE1") at next bar at Xaverage(C,200) stop;

Apparently, the signal failed even after I change the position limits to Allow 3 entry orders in the same direction as the current held position regardless of the entry that generated the order.

JoshM · Postby **JoshM** » 28 Dec 2011

Code: Select all
Sell ("EMALX1") from entry ("EMALE1") at next bar at entryprice+3 limit; Sell ("EMALX1") from entry ("EMALE1") at next bar at Xaverage(C,200) stop;

I think there are two errors here:

The second sell signal has the same order name as the first,
The second sell signal sells from the first buy order (from which also the first sell signal sells; in other words, after the first sell signal is executed, there is not anything left from entry "EMALE1" to sell).

Something like this should work:

Code: Select all


// Entry

if (MarketPosition(0) = 0) and (Close > Average(Close, 200)) then begin



	Buy ("EMALE1") 10 contracts next bar at Xaverage(C,200) limit;

	Buy ("EMALE2") 10 contracts next bar at Xaverage(C,200) limit;



end;



// Exit

if (MarketPosition(0) = 1) then begin



	Sell ("EMALX1") from entry ("EMALE1") all contracts next bar at entryprice + 3 limit;

	Sell ("EMALX2") from entry ("EMALE2") all contracts next bar at Xaverage(C, 200) stop;



end;

Multiple exit conditions

Multiple exit conditions

Re: Multiple exit conditions