First Long Exit High Definition

[andypap 10]

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 20]

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 10]

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 20]

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

 

 

how did you figure this out?

[andypap 10]

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<maxcontracts 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 20]

you can give this a try:

 

 

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

[andypap 10]

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 10]

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"

[Tams 20]

how about:

 

if MarketPosition <> MarketPosition[1] then value1 = h[1];

[BlowFish 10]

t

 

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..

 

 

Didn't understand what you where talking about till this point (never having done a strategy)

 

You could maybe use something like :-

 

 

If conditions and not conditionslocked

begin

value1=high;

conditionslocked=true;

end;

 

Obviously would need to unlock conditionslocked at some point. Maybe when you exit the position.

 

If I have misunderstood ignore me...only skimming as strategy stuff has little appeal to me.

[bakrob99 11]

AndyPap

 

the "SinceENtry" only works as long as you are in a position. After the position is closed - there is no "sinceEntry"

 

Use TradesToday(date) to keep track of when you have entered a position.

 

Bakrob

[bakrob99 11]

how about:

 

if MarketPosition <> MarketPosition[1] then value1 = h[1];

 

 

That won't work because Marketposition does not track previous values.

 

But the following would:

 

variable: MP(0);

MP=Marketposition;

if MP<>MP[1] then ...

 

Bakrob