Distinguishing between the entry price and the exit (stop) price

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    merc1203
    Participant
    Average

    Let’s imagine I enter a trade at 12205

    I only want to add to the position at prices above the 1st entry

    My line of code is

    cond1 = close > tradeprice(1)

    However, when the first trade is stopped out before adding a second position, the algo, as written, is referencing the stop price and not the original entry price

    Rather than referencing tradeprice(1), what should I refer to?

    In intuitive terms, I want to reference entryprice1 and never “stopprice1” which if the original entry is stopped out is tradeprice(1)

    Many thanks

    #9773 quote
    Nicolas
    Keymaster
    Master

    I’m not sure I understand .. tradeprice(1) always refer to the entry price level of the previous order, so why do you think it gives you the price where the trade has closed?

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Distinguishing between the entry price and the exit (stop) price


ProOrder: Automated Strategies & Backtesting

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This topic contains 1 reply,
has 2 voices, and was last updated by Nicolas
9 years, 8 months ago.

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Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 06/23/2016
Status: Active
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