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There is other way to scale-out. That is to put Exit statement into For ...
Next (or While ... Wend) loop.
But unfortunately EL is made in such a way that one exit signal can not be
used twice. So, only real
Option is to have 10 (or as many as necessary) exit signals.
Otherwise, I've done lots of experimenting within my system, on progressive
and regressive pyramiding,
And general conclusion is that regressive pyramiding (scaling-out) is making
a better use of the capital
and producing more profit. Progressive pyramiding (scaling-in) makes far
less profit, but drawdown is
smaller as well.
Regards,
Dejan
-----Original Message-----
From: hans esser [mailto:he96@xxxxxxxxxxxxxx]
Sent: 29 March 1999 15:41
To: Rus Newton
Cc: omega-list@xxxxxxxxxx
Subject: Re: Scaling Out of Positions
> I can't seem to persuade EasyLanguage to let me scale out of positions.
>
> I know there have been some other, similar posts on the O-List recently
> but I'm not making the mistake of trying to partially-exit a given signal
> so I don't think the advice previously given applies. Here's a quick idea
> of what I'm trying to do.
>
> My system will make up to, say, 10 buys each of 1-lot when certain
> conditions are fulfilled on consecutive days. All buys derive from one
> entry signal (i.e. I haven't coded a Buy("Buy#1") and a Buy("Buy#2") etc
> in the system). If subsequently some of the conditions are no longer
> fulfilled, the system is supposed to gradually exit any open positions -
> until it is flat again, up to 10 days later.
>
> What actually happens is that as soon as the system encounters either an
> "ExitLong" or a "Sell" instruction, it exits all open long positions.
SELL - means go NET SHORT - so TS is doing right, but not what you want :-)
try: EXITLONG 1 contract TOTAL
hope that helps
rgds hans
PS: you might like to join THE CODE LIST, where such and other interesting
things are frequently discussed - also no shoot outs, wars and baseballbat
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I
> don't want to hard-code a partial-exit of each position (e.g. buy having
> it buy 10 lots each time then sell 1 lot on a partial exit) since this
> could get complicated to figure out what open positions are left.
>
> Do I need to code 10 separate but very similar Entry and Exit signals,
> along the lines of a nested "if open_position=1 then Buy("Buy#2") at
> market" etc or is there an easier way? I tried entering formulaic
> (string-based) names in the name of the signal but ELA doesn't like that!
>
> Thanks
>
> Rus Newton
>
>
>
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