Entering trades after stop loss?

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01/09/2017 at 1:53 PM #20264 quote

Participant

Junior

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

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

Fei_

Participant

Junior

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

Nicolas thanked this post

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

MattyJ

Participant

Junior

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

Much appreciated.