Determine next trade long or short if previous trade exited due to stop loss

• 10/26/2019 at 9:25 PM #111297
  sulimaster

  Hi

  My trading strategy alternates between long and short trades i.e. long closes and short opens at the same time and vice versa. If a long trade is closed early due to a stop loss being triggered, I want the next trade to be a short trade (and vice versa if a short trade is closed early due to a stop loss being triggered).

  Please, how do I code to check whether the previous trade was long or short and whether it was exited due to a stop loss being triggered?

  Something like:

  IF [previous trade was long] AND [previous trade exited due to stop loss being triggered] THEN a = 1 ENDIF IF [previous trade was short] AND [previous trade exited due to stop loss being triggered] THEN b = 1 ENDIF

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  IF [previous trade was long] AND [previous trade exited due to stop loss being triggered] THEN a = 1 ENDIF   IF [previous trade was short] AND [previous trade exited due to stop loss being triggered] THEN b = 1 ENDIF

  I can then use the above a and b as conditions to enter the next trade but I do not know how to code the bits in the square brackets. Please help

  Thanks

  Sachin

   

  

  sulimaster

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  10/27/2019 at 9:55 AM #111314
  Nicolas

  I already used this snippet to identify what was the last order type and if it was in gain, so it could be adapted to make the opposite:

  //------------------ //check profit if strategyprofit<>strategyprofit[1] then if positionperf(1)>0 then if close<tradeprice(2) then gain=-1 //was sell elsif close>tradeprice(2) then gain=1 //was buy endif else gain=0 endif endif

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  //------------------ //check profit if strategyprofit<>strategyprofit[1] then if positionperf(1)>0 then   if close<tradeprice(2) then    gain=-1 //was sell   elsif close>tradeprice(2) then    gain=1 //was buy   endif else   gain=0 endif endif

   

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  sulimaster

  

  Nicolas

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  10/27/2019 at 10:16 AM #111315
  GraHal

  Added as Log 181 here …

  Snippet Link Library

  

  GraHal

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  10/29/2019 at 5:57 PM #111565
  sulimaster

  Thanks Nicolas

  Is the below code valid and would it give me result of a = 1 if the previous trade was long and b =1 if the previous trade was short?

  IF LONGONMARKET(TRADEINDEX(2)) = 1 THEN a = 1 ENDIF IF SHORTONMARKET(TRADEINDEX(2)) = 1 THEN b = 1 ENDIF

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  IF LONGONMARKET(TRADEINDEX(2)) = 1 THEN a = 1 ENDIF   IF SHORTONMARKET(TRADEINDEX(2)) = 1 THEN b = 1 ENDIF

   

  

  sulimaster

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  10/29/2019 at 11:49 PM #111595
  sulimaster

  Hi Nicolas

  Thinking about it further, BARINDEX starts ascending from left to right and ONMARKET starts ascending from right to left. So is the below code correct instead of my reply earlier to give a result of a = 1 if the previous trade was long and b = 1 if the previous trade was short?

  IF LONGONMARKET(BARINDEX - TRADEINDEX(2)) = 1 THEN a = 1 ENDIF IF SHORTONMARKET(BARINDEX - TRADEINDEX(2)) = 1 THEN b = 1 ENDIF

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  IF LONGONMARKET(BARINDEX - TRADEINDEX(2)) = 1 THEN a = 1 ENDIF IF SHORTONMARKET(BARINDEX - TRADEINDEX(2)) = 1 THEN b = 1 ENDIF

  Thanks

  Sachin

  

  sulimaster

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  10/30/2019 at 1:41 PM #111662
  GraHal

  Why don’t you GRAPH Longonmarket and GRAPH a then you will see what the code gives you on the BT results?

  If you don’t know what GRAPH involves just say?

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  10/30/2019 at 2:09 PM #111670
  Nicolas

  That could work but offset must be in brackets and not parenthesis !

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  Nicolas

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  11/07/2019 at 4:01 PM #112353
  sulimaster

  Thanks Nicolas

  Yes, I should check when to use [] or ()

  

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  11/07/2019 at 4:02 PM #112354
  sulimaster

  Thanks GraHal

  I was aware of RETURN but completely missed GRAPH. I’ll have a look and come back if I need assistance. Thanks again

  

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