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> exitlong("Target") at entryprice + value1 stop;
> This always 'exits' at the opening of next day ....
That's because you specified a "stop" instead of a "limit". A sell
"stop" sells at that price OR LOWER. A sell "limit" sells at that
price OR HIGHER.
> It is also possible that the 'target-exit' is on the same day as
> the entry (not often, but it happens).
Then you must issue the exit order at the same time you issue the
entry order. An order on bar X takes effect ONLY on bar X+1. If you
wait until MarketPosition = 1, you're already on the bar where your
exit might happen, and it's too late to issue an exit order for that
bar.
> I also want to include a stoploss of 'entryprice-5%', but only exit
> if close is smaller than 'entryprice-5%' (to avoid intraday-peaks),
> but i have no idea how to code that in Easy Language.
if Close < 0.95*EntryPrice then exitlong at close;
(The "at close" isn't really necessary but it's useful to remind you
when it exits.)
The Omega list is a better place to ask TS-specific questions.
Subscribe by sending an email with the subject "SUBSCRIBE" to omega-
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Gary
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