Exit parameters

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

  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!

  

  Donovan Meuwsen

  Participant

  Topics: 3

  Replies: 1

  Been thanked: 0 times
  03/17/2021 at 10:18 AM #164434
  robertogozzi

  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

  1 2 3 4 5 6 7 8 9 10 11 12 13 14

  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

   

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 16477

  Been thanked: 3643 times
  03/17/2021 at 11:33 AM #164450
  Donovan Meuwsen

  grazie mille Roberto!

  thank you very much Roberto!

  

  Donovan Meuwsen

  Participant

  Topics: 3

  Replies: 1

  Been thanked: 0 times
  03/17/2021 at 11:45 AM #164452
  robertogozzi

  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 🙂

   

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 16477

  Been thanked: 3643 times
• Author
  Posts