[andypap]

hi guys

i am dealing with a particular problem in MC,

i am trying to get the high value of the bar that a long position in a strategy is scaled out...

if barsinceentry > 5 then sell n contract next bar market
if currentcontracts < maxcontracts then
value1 = high;

//and then //

if high > value1 + .30 sell n contracts next bar market;

// where n = position total /2 //

this doesnt work neither the reserved word "time since entry"

if time > timesinceentry + 10 then
value1 = high;


both thought if attached to a sell order they work properly.


if time > timesinceentry + 10 or currentcontracts < maxcontracts then
sell x next bar market;


the question here is how do i mark the high of the bar that a long position got scaled out in a strategy..
what was the code that initiated the first sell is no important
it can be anything like
if h > highest(high,30)[1] then sell totalcontracts/2 next bar market;

how can i reference the bar that this activity just took place as a benchmark for future activity is my question if anyone knows the answer..

thanks in advance..i feel that a technique like that most likely will be usefull for some people in this forum.

[Tams]

this doesnt work neither the reserved word "time since entry"

do you have the definition of the keyword "time since entry"?
can you post it?

[andypap]

actually the reserved word is entrytime...

it marks the time a position was entered..
entrytime(0) is last openposition,entrytime(1) is one position prior etc.
if you declare a var

value1 = entrytime(0)
it will return 1000 if last position was entered at 10.00 am..
notice that it works fine as long as it is attached with a sell order after a long position was entered.
it wont work though in a conditional statment like

if time > entrytime + 10 then //10 bars after entry in one min chart//
value1 = high;

[Tams]

if time > entrytime + 10 then //10 bars after entry in one min chart//

how did you figure this out?

[andypap]

well if that is followed by this :

then sell n contracts this bar close

i can see in my 1 min chart that 10 bars after the entry there is a sell for n

my point here though is whether one can mark the high/low value of the bar of the first exit (scaling out of a position).

i thought that a way to do so is by using currentcontracts<maxcontr acts and it didnot work..then i turn to barssinceentry and entrytime only to realize that they work fine only if followed by a sell/buyto cover command;

do you know an alternate way or am i making a mistake somewhere;

[Tams]

you can give this a try:


if BarsSinceExit = 1 then value1 = h[1];

[andypap]

this reserved word is specified as a completely closed position..thats why i didnot even took a shot at this..
i also have tried to bundle this with the conditional statment that triggered the first exit..

if conditions then
value1 = high;

the problem is "conditions" kept occuring after the first exit changing value1 each time they occured..

hypothetically speaking if someone sets a first target in a strategy scales out 1/2 of the position there and then wants to sell 1/2 more on a fixed price level above the first exit its a dead end because there is no way to use the strategy position reserved words in a conditional statment..

thats really funny for a langauge develloping over 10 years..

[andypap]

here is a pic where the condition

if current contracts < maxcontracts
then value1 = high;

if c > h + 0.50 then sell current contracts -1

sells before the position is scaled out at a time where current contracts = max contracts

"test" sells 1 contract just to mark where current contracts < max contracts by this condition

if barsinceentry > n then sell "test"