Hi,

I have written a simple EMA crossover strategy which I am now forward testing in demo mode. It is in the market close to 100% of the time and goes long when fast EMA crosses over the slow and vice versa for short positions and long exits. The strategy code is pasted below. The problem I am having is that it seems to be failing to close positions. E.g. Over night last night on the Nasdaq it when short at the appropriate place but failed to close out the position this morning when the fast EMA crossed above the slow (see attached image).

Does anyone have an idea as to why this is occurring and how it can be resolved?

Thanks,

Roj

//-------------------------------------------------------------------------
// Main code : EMA crossover NASDAQ m3
//-------------------------------------------------------------------------
// Definition of code parameters
DEFPARAM CumulateOrders = False // Cumulating positions deactivated

EMAfast = 9
EMAslow = 30

//Risk Management
Capital = 5000
Risk = 0.01
StopLoss = abs(close-ExponentialAverage[EMAslow](close))

equity = Capital + StrategyProfit
maxrisk = round(equity*Risk)
PositionSize = abs(round((maxrisk/StopLoss)/PointValue)*pipsize)

// Conditions to enter long positions
indicator1 = ExponentialAverage[EMAfast](close)
indicator2 = ExponentialAverage[EMAslow](close)
c1 = (indicator1 CROSSES OVER indicator2)

IF c1 THEN
BUY PositionSize PERPOINT AT MARKET
ENDIF

// Conditions to exit long positions
indicator3 = ExponentialAverage[EMAfast](close)
indicator4 = ExponentialAverage[EMAslow](close)
c2 = (indicator3 CROSSES UNDER indicator4)

IF c2 THEN
SELL AT MARKET
ENDIF

// Conditions to enter short positions
indicator5 = ExponentialAverage[EMAfast](close)
indicator6 = ExponentialAverage[EMAslow](close)
c3 = (indicator5 CROSSES UNDER indicator6)

IF c3 THEN
SELLSHORT PositionSize PERPOINT AT MARKET
ENDIF

// Conditions to exit short positions
indicator7 = ExponentialAverage[EMAfast](close)
indicator8 = ExponentialAverage[EMAslow](close)
c4 = (indicator7 CROSSES OVER indicator8)

IF c4 THEN
EXITSHORT AT MARKET
ENDIF

Screenshot-2019-08-05-at-09.11.43.png