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>Hello,
>I want to code a simple approach but got some problems with my stop and how
>often the system should trade.
>If the condition is met the system should buy and after a profittarget of 15
>points the system should exitlong ( only long trades for this example and I
>use Ts2k).
>However I want to risk 5 points for stop loss and the system should only
>trade the first signal of the day.
>entry and profit target are working but I need help to code the stop loss
>and the "first signal of the day only".
>Maybe anyone could point me to the right code.
>Thanks in advance
>Jim
>input: fastlen(13), slowlen(34), target(15), risk(5);
>var: orderprice(0);
>value1 = xaverage(c,fastlen);
>value2= xaverage(c, slowlen);
>if value1>value1[1] and value2>value2[1] then begin
> buy next bar at open;
>end;
>if marketposition = 1 then begin
>orderprice = entryprice + target:
>exitlong at orderprice limit;
>end;
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Try adding something like this,
VAR: DATEFLAG(0);
IF DATE > DATE[1] THEN
DATEFLAG = 0;
IF VALUE1>VALUE1[1] and VALUE2>VALUE2[1] and DATEFLAG = 0 then ...
IF MARKETPOSITION = 1 THEN BEGIN
DATEFLAG = 1
orderprice = ...... etc
Tom.
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