[hrokling]

Trying to get my feet wet with MultiCharts, without any prior EasyLanguage experience. Looks good so far, but one thing I've done is to work out a strategy the "wrong way around" - getting it to perform as badly as possible, and I'm now trying to reverse the signals:

This is the long entry (it's your classic Price Channel Breakout) that's working, a buy stop:

Input: Price (High), Length(20);
Buy ("Long") next bar at HighestFC (Price,Length) + 1 point stop;

Now I want to make this into a sell if price breaches the H(20), here's my take which gives the wrong entry price:

SellShort ("Short") next bar at HighestFC (Price, Length) +1 point stop;

Anyone care to lend a newbie a hand here?

[sevensa]

Originally Posted by hrokling »

Trying to get my feet wet with MultiCharts, without any prior EasyLanguage experience. Looks good so far, but one thing I've done is to work out a strategy the "wrong way around" - getting it to perform as badly as possible, and I'm now trying to reverse the signals:

This is the long entry (it's your classic Price Channel Breakout) that's working, a buy stop:

Input: Price (High), Length(20);
Buy ("Long") next bar at HighestFC (Price,Length) + 1 point stop;

Now I want to make this into a sell if price breaches the H(20), here's my take which gives the wrong entry price:

SellShort ("Short") next bar at HighestFC (Price, Length) +1 point stop;

Anyone care to lend a newbie a hand here?

Your logic in reversing the orders is incorrect. You are using a stop order for your sell short. That means that your stop order will be executed any time price is below the high of the last 20 bars, which is pretty much always. If you want to go short at the highest high of the last 20 bars, you need to change your Sellshort line to:

SellShort ("Short") next bar at HighestFC (Price, Length) +1 point limit;

[hrokling]

That's great, thank you very much!