How to gradually close a position?

December 4th, 2013, 11:35 AM

Hi, again ... what i have seen working has 4 levels of partial position close .... and possibility to move for each level ... the stop loss ...
Thanks
Dimitri

December 4th, 2013, 11:38 AM

irriss

Yeah, in MT4 it is possible. You need to play with individual orders and it is very flexible.

Thanks

You can try with them if they can do it for you ... according your specifications ...
just a thinking -- Thanks
Dimitri

ABCTG · December 4th, 2013, 11:46 AM

I am afraid but that won't work with Easylanguage.

irriss

I tried that. The problem that the signal name cannot be dynamic.

I can do like

Sellshort ("sig1") 5 contracts this bar on close
Sellshort ("sig2") 5 contracts this bar on close
Sellshort ("sig3") 5 contracts this bar on close

but I cannot generate signal name from a variable.

In my case it has to be dynamic. I dont know how many exit signal I will need at runtime.

December 4th, 2013, 09:09 PM

Actually I found very strange thing.

If you execute my example.

Code

                            
vars:   i(0), 

        p(0);



if(i=0) then

begin

    buy 15 contracts this bar on close;

    p = CurrentAsk;

    i = i+0.1;

end

else

begin

    if(CurrentAsk>p-i) then

    begin

        sell 5 contracts this bar on close;

        i = i+0.1;

    end;

end

It will close the position partially and some part of the position remains open. (this is correct)

However, if you add keyword total it will do exactly as I want - perform multiple exit.

sell 5 contracts total this bar on close;

But, at the end there is an open position! Could you run it on your platform and confirm whether it is bug in OEC or unclear logic of EL?

ABCTG · December 5th, 2013, 10:05 AM

In Multicharts your code with total added to the exit only exits 5 contracts once.

Regards,
ABCTG

December 5th, 2013, 10:09 AM

Thanks, ABCTG!

So there is no difference with or without total keyword?

ABCTG · December 5th, 2013, 10:12 AM

Yes, at least in MC there is none.

irriss

Thanks, ABCTG!

So there is no difference with or without total keyword?

December 5th, 2013, 08:24 PM

Yes, I checked myself also in MC.

It is a bug (or unexpected behavior) in OEC.

Thanks for your great help, ABCTG!

How to gradually close a position?

Discussion in EasyLanguage Programming

How to gradually close a position?