[JKLM]

how can I code that after profit target ocurs, system take only oposite direction orders or better that exit

so if I was long and I hit profit target at 100 , next order I will take is short or long but blow 100 ..say 99

thanks

[JKLM]

maybe I was no clear enough because of my bad english ...sorry

so how can I code this:
after profit target occurs, system can take only opposite direction orders or better than last exit in same direction

so if I was long and I get profit target at 100, next order I will take is only short or long but below 100 ...lets say 99

thanks

[januson]

Just create a variable, initialize it for instance with -1 and set it to 100 after long exit!

var: LastExitPrice(-1);

entry rule...
if yada.... and LastExitPrice = -1 or Close < LastExitPrice then

if conditions is met for long then....

entry...

if conditions is met for short then...

entry...

exit rule:
... yada... if... then exit position...
begin
Sell("....") next bar at market;
LastExitPrice = Close;
End;

Remember to reset LastExitPrice at the end of the day/ week or whatever

[JKLM]

thanks this really helps me alot

and how would you code if I want take only opposite orders after profit target

[januson]

If only!! then I would create another variable:

vars: LastOrderType("unknown");

And then write long entry og short entry into that each time a trade is initiated.

Remember again to reset variable if the price is lower than, for instance 3%

if Close < LastExitPrice -3% and LastOrderType = "Long" then
LastOrderType = "unknown";

Otherwise you will presumeable only get one long entry

[chikwk]

Hi, sorry to post in this thread. i am new to program trading but like to start with the follow setup using tradestation easy language,

when rsi hit 90, sell one ES contract.profit 4 ticks and stop loss 4 ticks.
when rsi hit 20, buy one ES contract.profit 4 ticks and stop loss 4 ticks.

anyone can advice or give some pointers? appreciate,thanks.cwk

[Tams]

Originally Posted by chikwk »

Hi, sorry to post in this thread. i am new to program trading but like to start with the follow setup using tradestation easy language,

when rsi hit 90, sell one ES contract.profit 4 ticks and stop loss 4 ticks.
when rsi hit 20, buy one ES contract.profit 4 ticks and stop loss 4 ticks.

anyone can advice or give some pointers? appreciate,thanks.cwk

you should start by looking at some of the canned codes that came with the program.
there are a few examples that follow your chain of thought.

[flyingdutchmen]

Originally Posted by chikwk »

Hi, sorry to post in this thread. i am new to program trading but like to start with the follow setup using tradestation easy language,

when rsi hit 90, sell one ES contract.profit 4 ticks and stop loss 4 ticks.
when rsi hit 20, buy one ES contract.profit 4 ticks and stop loss 4 ticks.

anyone can advice or give some pointers? appreciate,thanks.cwk

if rsi(close,14) crossesover 90 then shortsell this bar on close
else
if rsi(close,14) crossesunder 20 then buy this bar on close;

i don't need to see a backtest of this, do NOT trade this