Entering trades after stop loss?

• 01/09/2017 at 1:53 PM #20264
  MattyJ

  Hi there, I hope someone can help me.

  Here is my very basic SMA system that I am trialling. I am having an issue with it putting me back into a trade once my stop loss has been hit rather than waiting for the cross over. Could you tell me why this might be happening?

  //------------------------------------------------------------------------- // Main code : Simple 50/221 //------------------------------------------------------------------------- // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated // Conditions to enter long positions indicator1 = Average[50](close) indicator2 = Average[221](close) c1 = (indicator1 CROSSES OVER indicator2) IF c1 THEN BUY 1 PERPOINT AT MARKET ENDIF // Conditions to exit long positions indicator3 = Average[50](close) indicator4 = Average[221](close) c2 = (indicator3 CROSSES UNDER indicator4) IF c2 THEN SELL AT MARKET ENDIF // Conditions to enter short positions indicator5 = Average[50](close) indicator6 = Average[221](close) c3 = (indicator5 CROSSES UNDER indicator6) IF c3 THEN SELLSHORT 1 PERPOINT AT MARKET ENDIF // Conditions to exit short positions indicator7 = Average[50](close) indicator8 = Average[221](close) c4 = (indicator7 CROSSES OVER indicator8) IF c4 THEN EXITSHORT AT MARKET ENDIF SET STOP LOSS 35

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  //------------------------------------------------------------------------- // Main code : Simple 50/221 //------------------------------------------------------------------------- // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated   // Conditions to enter long positions indicator1 = Average[50](close) indicator2 = Average[221](close) c1 = (indicator1 CROSSES OVER indicator2)   IF c1 THEN BUY 1 PERPOINT AT MARKET ENDIF   // Conditions to exit long positions indicator3 = Average[50](close) indicator4 = Average[221](close) c2 = (indicator3 CROSSES UNDER indicator4)   IF c2 THEN SELL AT MARKET ENDIF   // Conditions to enter short positions indicator5 = Average[50](close) indicator6 = Average[221](close) c3 = (indicator5 CROSSES UNDER indicator6)   IF c3 THEN SELLSHORT 1 PERPOINT AT MARKET ENDIF   // Conditions to exit short positions indicator7 = Average[50](close) indicator8 = Average[221](close) c4 = (indicator7 CROSSES OVER indicator8)   IF c4 THEN EXITSHORT AT MARKET ENDIF   SET STOP LOSS 35

   

  

  MattyJ

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  01/11/2017 at 4:16 AM #20643
  Fei_

  Hi Mattyj,

  It is because your indicator is still valid.

  C1 condition still exist.

  You can try add a controlbits into your code:

  indicator1 = Average[50](close) indicator2 = Average[221](close) c1 = (indicator1 CROSSES OVER indicator2) c2 = (indicator1 CROSSES UNDER indicator2) if c1 and ControlBuy =0 then ControlBuy=1 ControlSell=0 BUY 1 PERPOINT AT MARKET elsif c2 and ControlSell=0 then ControlSell=1 ControlBuy=0 SELLSHORT 1 PERPOINT AT MARKET Endif

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  indicator1 = Average[50](close)   indicator2 = Average[221](close)   c1 = (indicator1 CROSSES OVER indicator2)   c2 = (indicator1 CROSSES UNDER indicator2)   if c1 and ControlBuy =0 then   ControlBuy=1   ControlSell=0   BUY 1 PERPOINT AT MARKET   elsif c2 and ControlSell=0 then   ControlSell=1   ControlBuy=0   SELLSHORT 1 PERPOINT AT MARKET   Endif

   

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  Nicolas

  

  Fei_

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  01/11/2017 at 11:25 AM #20686
  MattyJ

  Thanks so much Chowfei, I’ll give that a try.

  Much appreciated.

  

  MattyJ

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