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solution is to use a flag to repeat a certain instruction
an IF FLAG of first profit taking has been triggered then close the whole
position...
remeber to reset the flag at the beginning of the next trade to zero!
all the best
Riccardo
> -----Original Message-----
> From: Mike Gossland [mailto:mga@xxxxxxxx]
> Sent: Wednesday, February 19, 2003 12:12 AM
> To: Rob Hartman; omega-list@xxxxxxxxxx
> Subject: Re: Why not exit? - EL question
>
>
> At 02:41 PM 02/18/2003, you wrote:
>
> >Hello, All -
> >
> >EL help, please...
> >
> >I'm trying to code exits that "scale" out of multicontract positions. It
> >appears that my exit statement is only executed once, and not
> multiple times
> >as I believe I have coded it to do. I've added print statements
> to see if
> >the code path is being used, and it is. The diagnostic print text is
> >displayed, but the exit statement does not appear to execute.
> >
> >Looks like:
> >---------------------
> >If MP=1 and close > ProfitTarget then begin
> > ExitLong CurrentContracts/2 total at Market;
> > Print(date," ",getsymbolname," exit half of the
> contracts right now!");
> >End;
> >---------------------
> >
> >ProfitTarget is reset to a higher level after each partial exit.
> >
> >The print statement is executed multiple times as the progressive targets
> >are set and reached, yet the "exitlong" command appears to not be
> >executed... I need clue.
> >
> >I've implemented of EL that uses multiple different exits for different
> >reasons, but not the "same" exit like this.
> >
> >Any ideas would be helpful.
> >
> >Regards,
> >Rob Hartman
>
> You have run up against one of TS's problems. I remember
> wrestling with this one a long time ago.
>
> Once an order has been used for scaling out of a position, it is
> used up and no longer available. It will not trigger again within
> the same trade. Hmph!
>
> You'll have to figure out a way of executing any remaining exit
> orders as a separate orders, even though they will be doing
> exactly the same thing.
>
> It's very strange that there isn't a provision to allow you to
> scale out, similar to the way you can control pyramiding in, but
> that's the way it is for now.
>
> Regards,
> Mike Gossland
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