[clbradley]

Can you use a

SetProfitTarget(33%);
SetStopLoss(8%);

using a % instead of a number, and is that how you code it, and how do you code an ATR trailing stop I've seen several authors refer to using to implement a stop loss?

Thanks for any help.

[drosengarden]

So why wouldn't this work?

If MarketPosition = 1 then
Begin
SetStopShare ;
SetStopLoss ( LongEntryPrice - (0.002 * LongEntryPrice) ) ;
End ;

If MarketPosition = -1 then
Begin
SetStopShare ;
SetStopLoss ( ShortEntryPrice + (0.002 * ShortEntryPrice) ) ;
End ;

[Tams]

Originally Posted by drosengarden »

So why wouldn't this work?

If MarketPosition = 1 then
Begin
SetStopShare ;
SetStopLoss ( LongEntryPrice - (0.002 * LongEntryPrice) ) ;
End ;

If MarketPosition = -1 then
Begin
SetStopShare ;
SetStopLoss ( ShortEntryPrice + (0.002 * ShortEntryPrice) ) ;
End ;

SetProfitTarget and SetStopLoss orders
are posted to broker when there is an open position.

The target and stop will be automatically* withdrawn
if the position is closed.

* automatic means you do not need to code a logic to withdraw the orders,
they are done automatically as soon as the position is closed.

[Uli Schmuli]

One thing I've found using the stoploss feature is that if you have multiple strategies running, you should be aware that the stoploss execution doesn't care from which strategy it is triggered.

[UrmaBlume]

A few weeks ago I had occasion to chat with the leadership of the TS development team and they acknoledged certain issues with the TS Trade Manager.

They say that TS v 9.0 will be out this summer and among the changes will be a millisecond time stamp and EL orders will become "smart objects."

As their oldest customer I was about to bail on them which would have meant a major migration effort as over the years we have written over 2k EL code modules.

[UrmaBlume]

Originally Posted by Firefly »

Hi, thanks for replying to my post. unfortunately i still cant get it to work. when i input "EXITPrice(0) in the variables it doesnt like it.i was trying to get the following:

if marketposition = -2 AND the price of"sell2" < CURRENTPRICE+0.0005 then begin:

obviously easy language doesnt like that though + i had a look at EXITprice and it says the following:If last trade exited at 455.75 then ExitPrice(1) = $455.75im not sure thats what im looking for

MarketPosition will never be -2. MarketPosition can only be 1 or 0 or -1, however MarketPosition * CurrentShares could be -2.

[erikgrav]

Where can you use this "Easy Language"?

[sevensa]

Originally Posted by erikgrav »

Where can you use this "Easy Language"?

In tradestation. And before you ask what tradestation is, try using Google first.