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Of course you can link an exit to an entry. All you
have to do is follow this format:
Buy ("MyEntry") yada yada yada;
ExitLong ("MyExit") from entry ("MyEntry") yada yada
yada;
H
--- Gary Fritz <fritz@xxxxxxxx> wrote:
> > How can I distinguish between positions?
> > I want #2 to exit only with #1 and #3 to exit only
> with #4.
> > How do I label entries in EL?
>
> You can't. At least, you can't label them in a way
> that controls the
> exits. You can label them e.g. buy("Buy#1") at
> close, but that's
> only useful in the trade-by-trade report. (Actually
> it's also useful
> if you want TS to prevent multiple long or short
> positions for any
> one signal.) ANY sell or exitlong will exit the
> position.
>
> Probably the easiest way to do this is to record
> which positions
> you're in, and only exit those positions if you're
> IN those
> positions. For example:
>
> 1) If Go crosses above HIT then begin
> buy at close;
> Buy1 = True;
> end;
> 2) If Buy1 and Go crosses below HIT then begin
> exitlong;
> Buy1 = False;
> end;
>
> > Also I forgot how to exit after 5 pts.
>
> Use a limit order. Since you also want it to exit
> only from the #3
> entry, you'll have to use a similar flag as I used
> above. Here it's
> a little bit trickier because you're not exiting at
> the close, so you
> can't just clear the flag when you exit. You'll
> have to detect when
> the limit gets hit and clear the Buy3 flag at that
> time. (You'd also
> want to clear it for any other exit condition, e.g.
> a MM stop.)
>
> Usually you'd use EntryPrice as the base for your
> 5.0 point profit
> target, but since you'll have multiple entries, you
> need to record
> the entry price for THIS buy signal.
>
> 3) If Go[1] crosses below LIT and Go crosses above
> LIT then begin
> buy at close;
> Buy3 = True;
> Buy3Ent = Close;
> end;
> if Buy3 and High > Buy3Ent+5.0 then Buy3 =
> False; { Limit hit }
> If Buy3 then exitlong at Buy3Ent + 5.0 limit;
>
> BTW, if it's possible for your entry condition to
> happen again while
> you're in a position, you'll probably want to make
> sure you're not
> already in a type 3 long before you buy again, e.g.:
>
> 3) If Buy3 = False
> and Go[1] crosses below LIT and Go crosses
> above LIT then begin
>
> If you don't do this, your Buy3Ent value will get
> reset to the new
> Close value, even though you might not actually go
> long there (if
> you've told TS to allow only one long entry per
> signal).
>
> Gary
>
>
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