Exit Strategy

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  • 05/30/2020 at 2:59 PM #133896 quote
    Steveaw
    Participant
    Average

    Hi Guys I’m looking to develop a code that will log the entry time a trade enters then uses that entry time to scan for a reversal and then exit.  The sequence would be:

    1. Trade meets entry conditions and trade is entered (in this example short)
    2. Time trade enters becomes a reference point
    3. Code then scans back to the reference point (Entry time) to look to exit conditions
    4. Trade closes when 3 consecutive higher highs occur (When going short) after reference point (Note scan does not include anytime prior to entry) AND trade is in profit
    5. Trade re-enters if price retraces back to original entry price and the exit conditions reset.

    I’ve attached a diagram to help explain.

    I would be grateful for any help on this?

    Kind regards

    Steve

    Screenshot-2020-05-30-at-14.58.39.png Screenshot-2020-05-30-at-14.58.39.png
    05/31/2020 at 11:11 AM #133947 quote
    Steveaw
    Participant
    Average

    Thanks,

    I had thought of the BBC codes but they have the timeframe entered already, I’m wanting to set the time from when a trade opens at the start reference point.

    06/02/2020 at 9:13 AM #134153 quote
    Nicolas
    Keymaster
    Master

    Not tested, but you can try with the below code (forum coding):

    if not shortonmarket and sellcondition then //condition to open your sellshort order 
 sellshort at market 
 count = 0 //reset high count 
endif 

if shortonmarket then 
 if high>high[1] then //increase highest high count 
  count=count+1
 endif 
 if count>=3 then 
  exitshort at market //exit order if highest high is >= 3 
 endif 
else // not on market anymore 
 sellshort at tradeprice limit // put a pending limit order at the previous order entry 
endif
    06/02/2020 at 11:45 AM #134187 quote
    Steveaw
    Participant
    Average

    Thanks Nicolas, I’ll give this a go and see how we get on. Will let you know.

    Thanks again

    Steve

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Exit Strategy


ProOrder: Automated Strategies & Backtesting

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Steveaw @steveaw Participant
Summary

This topic contains 3 replies,
has 2 voices, and was last updated by Steveaw
5 years, 9 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 05/30/2020
Status: Active
Attachments: 1 files
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