SellShort: Difference between revisions
From MultiCharts
no edit summary
m (Reverted edits by 176.8.90.7 (talk) to last revision by 194.84.116.138) |
No edit summary |
||
Line 1: | Line 1: | ||
Enters a short position as specified by the parameters. | Enters a short position as specified by the parameters. | ||
The entry point is visually indicated on a chart by an Arrow and a Tick. The Arrow identifies the time and the Tick identifies the price value of the entry point. Labels, displaying the entry name and the number of contracts or shares traded, are displayed above the Short Arrow. | The entry point is visually indicated on a chart by an Arrow and a Tick. The Arrow identifies the time and the Tick identifies the price value of the entry point. Labels, displaying the entry name and the number of contracts or shares traded, are displayed above the Short Arrow. | ||
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. | <div style="background-color: #FFE4E1;margin-bottom:10px;">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'''.</div> | |||
When a Sell Short order is filled, any open long positions will also be closed. | When a Sell Short order is filled, any open long positions will also be closed. | ||
== Usage == | |||
<syntaxhighlight>SellShort[("EntryLabel")][TradeSize]Entry</syntaxhighlight> | <syntaxhighlight>SellShort[("EntryLabel")] [TradeSize] Entry</syntaxhighlight> | ||
or: | or: | ||
<syntaxhighlight>Sell Short[("EntryLabel")][TradeSize]Entry</syntaxhighlight> | <syntaxhighlight>Sell Short[("EntryLabel")] [TradeSize] Entry</syntaxhighlight> | ||
Parameters inside the square brackets are optional | Parameters inside the square brackets are optional - if these aren't defined, the default is used. | ||
== Parameters == | |||
:'''EntryLabel''' - an optional parameter; assigns a name that will be displayed in the name label above the entry, and can be used to identify the particular entry and to tie an exit to it. | |||
::An exit can only be tied to an entry within the same signal; for more information, see [[BuyToCover]]. | |||
::If '''EntryLabel''' is not specified, the name "Short" will be used for the first entry, "Short#2" for the second entry, "Short#3" for the third entry, etc. | |||
:'''TradeSize''' - an optional parameter; a numerical expression, specifying the number of contracts or shares to sell short; the expression must be followed by one of the following interchangeable words: [[Share]], [[Shares]], [[Contract]] or [[Contracts]]. | |||
::If the '''TradeSize''' value equals 0 or is negative, a short position will not be entered but any open long positions will be closed. | |||
::If '''TradeSize''' is not specified, the trade size value set by the user in the Properties tab of the [[Strategy Properties]] window will be used. | |||
:'''Entry''' - a required parameter; specifies the timing and price of entry. See below for more information about the different type of entry. | |||
== Four types of entry == | |||
There are four types of Entry: | |||
=== Enter this bar on close === | |||
<syntaxhighlight>This Bar On Close</syntaxhighlight> | |||
Where: | |||
[[ | :'''On''' - a [[:Category:Skip Words|skip word]] and can be omitted. | ||
A Short Arrow will be placed at the current bar's [[Close]] tick. | |||
<syntaxhighlight> | === Enter next bar at open === | ||
<syntaxhighlight>Next Bar At Open</syntaxhighlight> | |||
or | |||
<syntaxhighlight>Next Bar At Market</syntaxhighlight> | |||
Where: | Where: | ||
:Words '''Market''' and '''Open''' are interchangeable. | |||
:'''At''' - a [[:Category:Skip Words|skip word]] and can be omitted. | |||
A Short Arrow will be placed at the next bar's [[Open]] tick. | |||
=== Enter next bar at limit === | |||
<syntaxhighlight>Next Bar At Price Limit</syntaxhighlight> | |||
Where: | |||
:'''Price''' - a numerical expression, specifying the [[Limit]] Price. | |||
:'''At''' - a [[:Category:Skip Words|skip word]] and can be omitted. | |||
A Short Arrow will be placed on the next bar at the first tick with a price equal to or greater than the '''Price'''; if there are no such ticks within the next bar, the order will be cancelled. | |||
=== Enter next bar at stop === | |||
<syntaxhighlight>Next Bar At Price Stop</syntaxhighlight> | |||
Where: | |||
:'''Price''' - a numerical expression, specifying the [[Stop]] Price. | |||
:'''At''' - a [[:Category:Skip Words|skip word]] and can be omitted | |||
- [[ | |||
A Short Arrow will be placed on the next bar at the first tick with a price value less than or equal to | A Short Arrow will be placed on the next bar at the first tick with a price value less than or equal to '''Price'''; if there are no such ticks within the next bar, the order will be cancelled. | ||
== | == Examples == | ||
SellShort a user-set number of shares at Market price on close of this bar: | SellShort a user-set number of shares at Market price on close of this bar: | ||
Line 82: | Line 92: | ||
<syntaxhighlight>SellShort 10 Contracts Next Bar 50 Stop;</syntaxhighlight> | <syntaxhighlight>SellShort 10 Contracts Next Bar 50 Stop;</syntaxhighlight> | ||
[[Category:Strategy Orders]] | [[Category:Strategy Orders]] |