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Re: Coding Stop Loss Orders?



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Using ts2ki?

When you are exiting Long, use ExitLong, NOT Sell
ExitLong exits a long position
Sell enters a short position, after closing out any existing long.

Ditto the other way around.. use ExitShort to exit a short position, not Buy.

Abhijit


Thomas J. Festa wrote:

For some reason when I insert the following code into a strategy I end up
getting short on my long exit:

Buy ("Long Entry") This Bar on Close;

BarLow = LOW;
BarHigh = HIGH;

IF MarketPosition = 1 and BarsSinceEntry >= 1 THEN BEGIN

Sell ("Exit Long") BarLow[1] Stop;

=========================================================
Sell ("Short Entry") This Bar on Close;

BarLow = LOW;
BarHigh = HIGH;

IF MarketPosition = -1 and BarsSinceEntry >= 1 THEN BEGIN

Buy ("Exit Short") BarHigh[1] Stop;

=========================================================

Thomas J. Festa, CMT
Technical Analysis Investment Consultant
Proprietary Trader, Equities
Benchmarq Trading, LLC 10003
Cell: (908) 581-8880

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