1,501
edits
m (Reverted edits by 176.8.90.7 (talk) to last revision by 194.84.116.138) |
|||
Line 4: | Line 4: | ||
An order is executed at the point specified by the parameters; if the order is not filled within the specified bar, the order is cancelled. | An order is executed at the point specified by the parameters; if the order is not filled within the specified bar, the order is cancelled. | ||
==== Usage ==== | |||
<syntaxhighlight>Sell[("ExitLabel")][From Entry("EntryLabel")][TradeSize[Total]]Exit</syntaxhighlight> | |||
Parameters inside the square brackets are optional | |||
==== Parameters ==== | |||
[[ExitLabel]] - an optional parameter; assigns a name that will be displayed in the name label above the exit | |||
If [[ExitLabel]] is not specified, the name "Sell" will be used for the first exit, "Sell#2" for the second exit, "Sell#3" for the third exit, etc. | |||
[[EntryLabel]] - an optional parameter; ties the exit to the particular entry that was assigned the [[EntryLabel]] name; the name must be preceded by the word [["Entry",]] the word [["From"]] is a skip word and can be omitted | |||
An exit can only be tied to an entry within the same signal. For more information, see [[Buy]] | |||
If [[EntryLabel]] is not specified, [[all]] of the open long entries will be closed. | |||
[[TradeSize]] - an optional parameter; a numerical expression, specifying the number of contracts or shares to sell; the expression must be followed by one of the following transposable words: [[Share, Shares, Contract]] or [[Contracts.]] | |||
By default, the number of contracts or shares specified by the [[TradeSize]] parameter will be sold from [[each one]] of the open long entries. | |||
If [[TradeSize]] is followed by the word [["Total",]] only the number of contracts or shares specified by the [[TradeSize]] parameter will be sold, regardless of the number of open long entries. The contracts or shares will be sold in the same order they were bought: First In, First Out. | |||
If [[TradeSize]] is not specified, the entire long position will be closed out. | |||
[[Exit]] - a required parameter; specifies the timing and price of exit. | |||
There are four types of Exit: | |||
<syntaxhighlight>This Bar[On]Close</syntaxhighlight> | |||
Where: - [[On]] is a skip word and can be omitted | |||
A Sell Arrow will be placed at the current bar's [[Close]] tick. | |||
<syntaxhighlight>Next Bar[At]Open or Next Bar[At]Market</syntaxhighlight> | |||
Where: - words [["Market"]] and [["Open"]] are transposable | |||
-[[At]] is a skip word and can be omitted | |||
A Sell Arrow will be placed at the next bar's [[Open]] tick. | |||
<syntaxhighlight>Next Bar[At]Price Limit</syntaxhighlight> | |||
Where: - [[Price]] is a numerical expression, specifying the Limit Price | |||
- [[At]] is a skip word and can be omitted | |||
A Sell Arrow will be placed on the next bar at the first tick with a price value greater than or equal to [[Price]] ; if there are no such ticks within the next bar, the order will be cancelled. | |||
<syntaxhighlight>Next Bar[At]Price Stop</syntaxhighlight> | |||
Where: - [[Price] is a numerical expression, specifying the Stop Price | |||
- [[At]] is a skip word and can be omitted | |||
A Sell Arrow will be placed on the next bar at the first tick with a price value equal to or less than the [[Price]] ; if there are no such ticks within the next bar, the order will be cancelled. | |||
==== Example ==== | ==== Example ==== | ||
Completely exit all open long entries at Market price on close of this bar and label the exit "Complete Exit": | Completely exit all open long entries at Market price on close of this bar and label the exit "Complete Exit": |