Exit parameters

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03/17/2021 at 9:05 AM #164419 quote
Donovan Meuwsen
Participant

New
Hi All,

How would you code your Exit of a long(/short) with the following conditions please?
- Exit (StopLoss) when price hits at DoncianChannelDown(/UP) of the moment of Opening Position (so not trailing)
- Exit (TakeProfit) when price is 1,5 x (PRICE at Opening of Position – DolcianChannelDown(/UP))
Thanks a lot for your wisdom!
03/17/2021 at 10:18 AM #164434 quote
robertogozzi
Moderator

Master
There you go:
```
IF MyLongConditions THEN
    BUY 1 Contract AT MArket
    SL = (close - DonchianChannelDown[20])
    TP = SL * 1.5
    SET STOP LOSS SL
    SET TARGET PROFIT TP
ENDIF
IF MyShortConditions THEN
    SELLSHORT 1 Contract AT MArket
    SL = (close - DonchianChannelUp[20])
    TP = SL * 1.5
    SET STOP LOSS SL
    SET TARGET PROFIT TP
ENDIF
```
03/17/2021 at 11:33 AM #164450 quote

Donovan Meuwsen
Participant

New

~~grazie mille Roberto!~~

thank you very much Roberto!

03/17/2021 at 11:45 AM #164452 quote

robertogozzi
Moderator

Master

Only post in the language of the forum that you are posting in. For example English only in the English speaking forums and French only in the French speaking forums

Thank you 🙂
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Exit parameters

ProOrder: Automated Strategies & Backtesting

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Donovan Meuwsen @dpm380 Participant

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This topic contains 3 replies,
has 2 voices, and was last updated by robertogozzi
4 years, 11 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	03/17/2021
Status:	Active
Attachments:	No files

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