Complex Order Help for TradeStation

[Complex Order Help for TradeStation]

On 6/5/2008 at 2:43 PM, swansjr said:

I'm no expert, but your exit strategy in EasyLanguage for TS might go somethting like this:

 

 

 

Input:

 

InitalStopValue(20);

 

 

 

Variables:

 

MyStop(0),

 

Target1(false),

 

Target2(false),

 

Target3(false);

 

 

 

// Place Your Buy Condition Here

 

 

 

{ Entry Code }

 

 

 

 

 

// Exit strategy for long trades

 

 

 

If (MarketPosition = 1 ) Then

 

Begin

 

 

 

If ( OpenpositionProfit < 25 ) Then

 

MyStop = InitalStopValue;

 

 

 

If ( OpenPositionProfit >= 25 ) And ( Target1 = false ) Then

 

Begin

 

MyStop = EntryPrice;

 

Target1 = true;

 

End;

 

 

 

If ( OpenPositionProfit >= 40 ) And ( Target2 = false ) Then

 

Begin

 

MyStop = EntryPrice + 5;

 

Target2 = true;

 

End;

 

 

 

If ( OpenPositionProfit >= 50 ) And ( Target3 = false ) Then

 

Begin

 

MyStop = EntryPrice + 8;

 

Target3 = true;

 

End;

 

 

 

If ( OpenPositionProfit >= 75 ) Then

 

Begin

 

Sell("20pt Target") next bar at EntryPrice+20 limit;

 

MyStop = EntryPrice + 10;

 

End;

 

 

 

 

 

// Sell on MyStop

 

 

 

Sell("Stop") next bar at MyStop stop;

 

 

 

End;

 

 

 

// Reset target flags once position is closed

 

 

 

If ( MarketPosition = 0 ) Then

 

Begin

 

Target1 = false;

 

Target2 = false;

 

Target3 = false;

 

End;

 

Is there a way to add an order line to the stops for a visual reference?