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If you are using TS4.0 you will need a separate entry statement for each
exit you want. For instance, if you want to scale out of 5 contracts one
at a time, create 5 separate entry statements and name the signals. Then
exit from each signal separately. I do not know if TS2000 permits exiting
partial positions from one entry signal.
At 04:53 AM 11/10/99 -0800, you wrote:
>mmm... on closer examination I see you only have one exitlong statement. It
>gets activated only once, the FIRST time the conditions are satisfied. Just
>the way TS works.
>
>You'll need a separate exit statement for each exit you want to do in a
>given trade.
>
>If you know the max number of exits you'll have, you can setup this many
>exit statements. in the code.
>
>Also set up a counter initialized to the total number of contracts bought.
>Define some variable MP=MarketPosition. Check for MP<>MP[1] every day, and
>if true (that means you sold something) then decrement the counter.
>
>preface each exit statement with "If counter =3 (or whatever - count the
>numbers down from the starting point) to allow only one to activate at a
>time.
>
>let me know how it goes :-)
>
>
>----- Original Message -----
>From: Bengtsson, Mats <mats.bengtsson@xxxxxxxxxxxx>
>To: Phil Lane <patterntrader@xxxxxxxxxx>
>Sent: Tuesday, November 09, 1999 2:34 PM
>Subject: RE: I can not figure out how to do multiple exits from one signal
>
>
> > Tried it, and it did not help. All Code is below:
> > Inputs: DateToBuy(990101),NumberOfShares(200),PriceToBuyAt(200),
> > ATRLength(10);
> >
> > if Date=juliantodate(BusinessDays(datetojulian(dateToBuy),2,-1)) then
> > Buy("PortfolioBuy") NumberOfShares contracts Next bar at
> > PriceToBuyAt stop;
> >
> > if (currentcontracts>0) then Begin
> > if (close < (PriceToBuyAt*0.91)) then Begin
> > ExitLong 1 shares total from entry ("PortfolioBuy") next bar at
> > market ;
> > commentary("below");
> > End;
> > End;
> >
> > It still only sell once.
> >
> > > -----Original Message-----
> > > From: Phil Lane [mailto:patterntrader@xxxxxxxxxx]
> > > Sent: Tuesday, November 09, 1999 3:50 PM
> > > To: Bengtsson, Mats
> > > Subject: Re: I can not figure out how to do multiple exits from one
> > > signal
> > >
> > >
> > > Hi,
> > > you need to use the keyword "total" and things will work
> > > fine. Example:
> > >
> > > if whatever then sell currentcontracts/2 contracts TOTAL from
> > > entry myentry;
> > >
> > > good luck,
> > > Phil
> > > ----- Original Message -----
> > > From: Bengtsson, Mats <mats.bengtsson@xxxxxxxxxxxx>
> > > To: <omega-list@xxxxxxxxxx>
> > > Sent: Monday, November 08, 1999 10:19 PM
> > > Subject: RE: I can not figure out how to do multiple exits
> > > from one signal
> > >
> > >
> > > > Thank you for your reply. Is there a difference within Tradestation
> > > between
> > > > shares and contracts? I buy one single contract with a lot
> > > of shares in it
> > > > at one single time (I thought that was the same thing). It
> > > is those shares
> > > I
> > > > want to sell at different times. My code, which sells only
> > > once (saying
> > > > there are 199 shares left) is below. My guess is that there
> > > is some rule
> > > in
> > > > TS2000 that disallows "pyramiding exits" from the same sell
> > > signal, mening
> > > > that I will have to enter 200 different but exactly the
> > > same signals to
> > > get
> > > > this kind of testing to work. On the other hand, then I
> > > would need to
> > > figure
> > > > out a way for them not to operate on the same date as each
> > > other, that is
> > > > more or less solve a "pyramidign exit pussle".
> > > >
> > > > This sounds as a severe limitation for backtesting.
> > > >
> > > > Inputs: DateToBuy(990101),NumberOfShares(200),PriceToBuyAt(200),
> > > > ATRLength(10);
> > > >
> > > > if
> > > Date=juliantodate(BusinessDays(datetojulian(dateToBuy),2,-1)) then
> > > > Buy("PortfolioBuy") NumberOfShares contracts Next bar at
> > > > PriceToBuyAt stop;
> > > >
> > > > if (CurrentContracts>0) then Begin
> > > > if (close < (PriceToBuyAt*0.9)) then
> > > > ExitLong 1 shares next bar at market;
> > > > End;
> > > >
> > > > > When I was testing some systems in a similar way, I used the
> > > > > "@CurrentContracts" function. I was using 100 share contracts so I
> > > > > just multiplied the function by 100 on exiting.
> > > > >
> > > > > Example:
> > > > >
> > > > > NumberOpen = @CurrentContracts;
> > > > > ...
> > > > > ...
> > > > > ...
> > > > > ...
> > > > > IF Condition8 AND
> > > > > Condition10 THEN
> > > > > ExitLong (NumberOpen*100) shares at Open;
> > > > >
> > > > > I had two conditions that, when fulfilled, would sell off
> > > 100 shares
> > > > > each time until the NumberOpen fell to zero. I just used another
> > > > > IF...THEN statement to check for NumberOpen to be zero, then it
> > > > > would stop the system.
> > > > >
> > > > > Good Luck,
> > > > >
> > > > > -- Patrick
> > > > >
> > > > > **************************************************************
> > > > > **********
> > > > > > Guess it is possible?
> > > > > >
> > > > > > What I would like to do is to buy say for example 200
> > > > > shares at one point,
> > > > > > and every time a certain condition is true sell one of
> > > > > those shares.
> > > > > >
> > > > > > I can not figure out how to do it. Selling one share is not
> > > > > the problem,
> > > > > > getting my signal to sell until number of shares is zero is
> > > > > the problem.
> > > > > >
> > > > > > What am I missing?
> > > > > >
> > > > > > --- Mats ---
> > > > > > Cap Gemini Sverige AB
> > > > > > European company of the year 1999
> > > > >
> > > > >
> > > >
> > > >
> > >
> >
Bill Brower
1000mileman@xxxxxxxxxxxxxx
insideedge.net
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