Re: Will I get Multiple exits in EL if I do this?

[Bob Fulks <bfulks@xxxxxxxxxxxx>]

You have an ExitLong stop at 67 in place regardless of the order of
the two statements.

With those numbers with the Open at 66 and a stop at 67 you will be
out on the Open.

Keep in mind that conceptually, your code is run for each bar after
the bar has closed and before the next bar is opened. (There is an
exception if you refer to "Open of next Bar"). The code runs, the
ExitLong stop is set at the highest value of any of the ExitLong stop
commands executed in the code, then TradeStation waits for data for
the next bar with the stop in place. In your case, the Open is less
than the stop, so it takes you out ot the open.

Bob Fulks


At 11:42 AM -0700 8/19/01, cash@xxxxxxxxxxx wrote:

>Ok, I have one long position.  If I do an exitlong and then another
>exitlong a little bit further in the code, will I get two exits?  Will the
>second exit overwrite the first exit?  Will the first exit that meets
>the criteria be the one executed?
>
>ExitLong at 67 stop;
>ExitLong at 63 stop;
>
>The next bar is O=66, H=69, L=62, C=66
>
>So, will I get an exit at 66 because of the ExitLong at 67 stop?
>Or, will I get an exit at 62 because of the ExitLong at 63 stop?
>Or, will I get an exit at both 66 AND 62?
>
>Just trying to see if putting in a subsequent exitlong wipes out any
>prior ones