Bounded Entry and Exit Rules

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11/10/2025 at 2:48 PM #253489 quote

Participant

New

Hi everyone

Does anyone know of a proforma for bounded entry and exit condtions? That means exit rules 1 only apply if the trade was taken under entry rules 1 and exit rules 2 only apply if the trade was taken under entry rules 2.

Many thanks in advance.

11/10/2025 at 5:04 PM #253498 quote

Iván González

Moderator

Legend

hi. Here you have an example:

// === Input Parameters ===
tp1 = 20         // Take Profit for first exit
sl1 = 40         // Stop Loss for first exit

tp2 = 40         // Take Profit for second exit
sl2 = 20         // Stop Loss for second exit


// === Indicators ===
avg1 = average[10](close)    // Fast moving average
avg2 = average[50](close)    // Slow moving average
lmax = highest[15](high) 

// === Entry Logic ===
IF NOT longonmarket AND avg1 CROSSES OVER avg2 THEN
type = 1

BUY 1 CONTRACT AT MARKET

SET STOP PLOSS sl1
SET target Pprofit tp1
elsif not longonmarket AND close crosses over lmax[1] THEN
type = 2
BUY 1 CONTRACT AT MARKET

SET STOP PLOSS sl2
SET target Pprofit tp2
elsif not onmarket then
type = 0
ENDIF

// === Plotting indicators and levels on chart ===
graphonprice avg1 coloured("red")
graphonprice avg2 coloured("blue")
graphonprice lmax coloured("green")
graph type

robertogozzi thanked this post

11/14/2025 at 3:06 PM #253642 quote

Ahimsa

Participant

New

Thank you Ivan.