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SellShort

474 bytes added, 17:06, 19 February 2012
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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.
<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.
==== Usage ====<syntaxhighlight>SellShort[("EntryLabel")][TradeSize]Entry</syntaxhighlight>
or:
<syntaxhighlight>Sell Short[("EntryLabel")][TradeSize]Entry</syntaxhighlight>
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.
An exit can only be tied to :'''TradeSize''' - an entry within optional parameter; a numerical expression, specifying the same signalnumber of contracts or shares to sell short; for more informationthe expression must be followed by one of the following interchangeable words: [[Share]], see [[BuyToCoverShares]], [[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.
If [[EntryLabel]] is not specified, :'''Entry''' - a required parameter; specifies the name "Short" will be used for the first entry, "Short#2" for the second timing and price of entry, "Short#3" . See below for more information about the third different type of entry, etc.
[[TradeSize]] - an optional parameter; a numerical expression, specifying the number == Four types of contracts or shares to sell short; the expression must be followed by one entry ==There are four types of the following transposable wordsEntry: [[Share, Shares, Contract]] or [[Contracts.]]
If [[TradeSize]] value equals 0 or is negative, a short position will not be entered but any open long positions will be closed. === Enter this bar on close ===<syntaxhighlight>This Bar On Close</syntaxhighlight>
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. Where:
:'''On''' - a [[Entry:Category:Skip Words|skip word]] - a required parameter; specifies the timing and price of entrycan be omitted.
There are four types of Entry: A Short Arrow will be placed at the current bar's [[Close]] tick.
=== Enter next bar at open ===<syntaxhighlight>This Next Bar[On]CloseAt Open</syntaxhighlight>or<syntaxhighlight>Next Bar At Market</syntaxhighlight>
Where: - [[On]] is a skip word and can be omitted
A Short Arrow will be placed at the current bar:Words '''Market''' and '''Open''' are interchangeable.:'''At'''s - a [[Close:Category:Skip Words|skip word]] tickand can be omitted.
<syntaxhighlight>Next BarA Short Arrow will be placed at the next bar's [At[Open]Open or Next Bar[At]Market</syntaxhighlight> tick.
Where: - words [["Market"]] and [["Open"]] are transposable === Enter next bar at limit === - [[<syntaxhighlight>Next Bar At]] is a skip word and can be omitted Price Limit</syntaxhighlight>
A Short Arrow will be placed at the next bar's [[Open]] tick. Where:
<syntaxhighlight>Next Bar:'''Price''' - a numerical expression, specifying the [[Limit]] Price.:'''At''' - a [[:Category:Skip Words|skip word]Price Limit</syntaxhighlight> ] and can be omitted.
Where: - [[A Short Arrow will be placed on the next bar at the first tick with a price equal to or greater than the '''Price]] is a numerical expression'''; if there are no such ticks within the next bar, specifying the Limit Price - [[At]] is a skip word and can order will be omitted cancelled.
A Short Arrow will be placed on the === Enter next bar at the first tick with a price equal to or greater than the [[stop ===<syntaxhighlight>Next Bar At Price]] ; if there are no such ticks within the next bar, the order will be cancelled. Stop</syntaxhighlight>
<syntaxhighlight>Next Bar[At]Price Stop</syntaxhighlight> Where:
Where: '''Price''' - [[Price]] is a numerical expression, specifying the [[Stop ]] Price . :'''At''' - a [[At:Category:Skip Words|skip word]] is a 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 [['''Price]] '''; if there are no such ticks within the next bar, the order will be cancelled.
==== Example ==Examples ==
SellShort a user-set number of shares at Market price on close of this bar:
<syntaxhighlight>SellShort 10 Contracts Next Bar 50 Stop;</syntaxhighlight>
 
[[Category:Strategy Orders]]

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