[deadloss]

Hi,
I want to set a breakeven stoploss after each new trade has made the appropriate market movement i.e. in the market & 50% towards price target.
If Condition13 = True
and Condition14 =True
Then Begin
SetStopContract;
SetBreakeven(1);
End;End;
However once set for the first trade it stays set for all subsequent trades, is there a way to close it when the trade closes or do I have to go about it a different way?
Lowly 2000i code only and out of ideas.

[EasyTrader_I]

Hi DeadLoss,

If you want the Setbreakeven to execute only for the first trade, then you could write something like,

if Totaltrades < 1 then setbreakeven(1);

Else if you are trying to execute the setbreakeven for all trades But only on condition then you can try this..

if condition99 then setbreakeven(1); //where condition99 is your's

Cheers,
EasyTrader_I.

[deadloss]

Thanks for that but I don't see that anything has changed. I do want a Breakeven stop on every trade but only after the market has moved in the right direction, say 50% towards my target price. The problem with the built in stop is that one it has been set by the first trade reaching the trigger value the breakeven stop stays in force for all subsiquent trades without them triggering the stop. I think I might have to write my own stop but I have writters block so am looking for inspiration, all ideas welcome.

[statsign]

ifintrade = marketposition <> 0;

if ifintrade and Condition13 and Condition14
Then Begin
SetStopContract;
SetBreakeven(1);
End;End;

but it may have been as simple as resetting conditions

if marketposition = 0 then condition-that-kicks-in-breakeven = false;

[Tams]

Originally Posted by statsign »

ifintrade = marketposition <> 0;

if ifintrade and Condition13 and Condition14
Then Begin
SetStopContract;
SetBreakeven(1);
End;End;

but it may have been as simple as resetting conditions

if marketposition = 0 then condition-that-kicks-in-breakeven = false;

do not put stoploss/breakeven/profit target in a condition.
it might not execute.

[statsign]

I've always had in conditions - is that a multicharts thing?

[Tams]

Originally Posted by statsign »

I've always had in conditions - is that a multicharts thing?

not just multicharts... tradestation as well.

ppl often get carried away when tweaking their codes,
they adding conditions upon conditions to their strategies as an after thought
and forgotten that IF one of the condition does not meet the criteria,
the stoploss will not be in place anymore.

[EasyTrader_I]

Hi Tams,
You may be correct sometimes, But if you expertise in Tradestaion Programming or any with any other platform, then it doesn't effect though..right?

So stoploss/breakeven/profit target will work in a condition only if you code it such a way...

Please correct me if I am wrong..

EasyTrader_I