Hi

I am trying to build a long only strategy where I have the below trade management rules.

1. StopLoss set at 1 ATR (14)
2. First Target set at 1 ATR(14)
3. Trailing stop starting at 2 ATR(14) and trailing step at 1.5 ATR(14)

My StopLoss, First target and trailing seems to work but for some weird reason system is opening short positions even though I have no Short orders. The only sell orders I have exit ones, I tried add the code “Longonmarket” as well as “Countofpositions” still I am getting short orders

Much appreciate if you could let me know where I am going wrong please?

// Definition of code parameters
DEFPARAM CumulateOrders = TRUE // Cumulating positions deactivated

// Conditions to enter long positions

keltnersma = ExponentialAverage[20](close)
keltnerpos1atr = keltnersma+ExponentialAverage[20](AverageTrueRange[1](close)*1)
keltnerneg1atr = keltnersma+ExponentialAverage[20](AverageTrueRange[1](close)*-1)

longindicator1 = Call Strategy01LongV1
longindicator2 = Call Strategy02LongV2

l1 = (longindicator1 = 1)
l2 = (longindicator2 = 1)
within1ATR = close >keltnerneg1atr and close<keltnerpos1atr

//trade management
lotsize = 2 //original position size
Lot2Close =1 //close one lot while reaching first target
stoploss = Averagetruerange[14](close)*SLFactor
firsttarget= Averagetruerange[14](close)*PTFactor
trailingstart = Averagetruerange[14](close)*2
trailingstep = Averagetruerange[14](close)*1.5


//trade entry and exits
if l1 or l2 and within1ATR then
Buy lotsize LOT AT MARKET
SET STOP PLOSS stoploss
endif

//reset the stoploss value
IF NOT ONMARKET THEN
newSL=0
ENDIF

//manage long positions
IF LONGONMARKET THEN
IF newSL=0 AND close-tradeprice(1)>=firsttarget THEN
Sell lot2close LOT At Market
newSL=tradeprice(1)+firsttarget
ENDIF
//first move (breakeven)
IF newSL>0 AND close-newSL>=trailingstart THEN
newSL = newSL+trailingstart
ENDIF
//next moves
IF newSL>0 AND close-newSL>=trailingstep THEN
newSL = newSL+trailingstep
ENDIF
ENDIF


//stop order to exit the positions
IF Countofposition>0 and LONGONMARKET AND newSL>0 THEN
SELL AT newSL STOP
ENDIF

(See attached strategy and code)

Image1.png Image2.png