R: Coding problem

[Scorpio Massimiliano <massimiliano.scorpio@xxxxxxxxxxxx>]

Tks for your answer.
I try to better explain.

Below is an example of code:

input:starttime(0915)
=lets guess to have for each day a trigger level and to sell above it=


if time>startime then begin
sell at trigger limit;
end;

=if I exit this position with the built in functions Trailing stop or Money
Management stop and the price then is above or will reach the trigger level
the systems generate a new short position.
But I need only 1 order for each day to be short and only 1 if I want to go
long=

-----Messaggio originale-----
Da: Mike Eggleston [mailto:mikee@xxxxxxxxxxxxxx]
Inviato: martedì 4 giugno 2002 15.11
A: Scorpio Massimiliano
Cc: 'omega-list@xxxxxxxxxx'
Oggetto: Re: Coding problem


On Tue, 04 Jun 2002, Scorpio Massimiliano wrote:

> Hello,
> I'm using 60 minutes chart  and I'm trying to make a system where there is
a
> Limit order to Sell (Buy) on a prefixed level above (below) the high(low)
of
> yesterday.
> 
> The order should take place starting from the second bar.
> 
> The problem is that if the position is exited using trailing stop ot money
> management stop and the condition is still active the system generate a
new
> order.
> 
> My target is to have only one signal for each order (If I'm long I only
want
> to have a sell order or the opposite).
> 
> Any suggestion to manage this trouble.
> 
> I'm thinking about some variable to use.

Could you do something like this?

vars: intrade(false), inlong(false);

if (intrade = true or CurrentEntries > 0) and inlong = true and
some-exit-condition-is-true then begin
	sell this bar on close;
	intrade = false;
end;
if (intrade = true or CurrentEntries > 0) and inlong = false and
some-exit-condition-is-true then begin
	buytocover this bar on close;
	intrade = false;
end;

if (intrade = false or CurrentEntries = 0) and some-condition-is-true then
begin
	buy this bar on close;
	intrade = true;
	inlong = true;
end;
if (intrade = false or CurrentEntries = 0) and some-condition-is-true then
begin
	sellshort this bar on close;
	intrade = true;
	inlong = false;
end;


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