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How to make my program sell short?
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Created: by honoluluhustler Attachments:0

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How to make my program sell short?

  #1 (permalink)
Trading Apprentice
Honolulu + Hawaii / USA
 
Futures Experience: Intermediate
Platform: TradeStation
Favorite Futures: Gold
 
Posts: 18 since Jul 2014
Thanks: 16 given, 1 received

How to make my program sell short?

Aloha,
Trying to have my program sell short the TF, once certain parameters are met. When I go to backtest the strategy it is not performing how I expected, with it selling short and then immediately triggering stop loss on days when there is a ski slope down. What am I missing? Since I am selling short, does the STP and TGT need to be negative?
Mahalo

{short Russell}
Inputs:
Price( Open ),
Length1 ( 12 ),
Length2 ( 15 ),
Cts ( 1 ),
TGT ( 300 ),
STP ( 100 );

Vars:
ExpAv1 ( 0 ),
PrevNetProfit ( 0 ),
PrevNetLoss ( 0 ),
StopTrading (false),
ROC1 ( 0 );

ExpAv1 = XAverage ( Price, Length1 ) ;
ROC1 = ( PRICE - PRICE[Length2] ) / PRICE[Length2] * 100 ; { RATE OF CHANGE }

if Date <> Date [1] then
begin
PrevNetProfit = NetProfit;
StopTrading = false;
end;

if NetProfit >= PrevNetProfit + 100 then StopTrading = true;

if Date <> Date [1] then
begin
PrevNetLoss = GrossLoss;
StopTrading = false;
end;

if GrossLoss >= PrevNetLoss + 80 then StopTrading = true;

{Buy or short sell contracts at exponential average crossovers}

if volume > 2000 and ROC1 < 1 and Price[1] crosses below ExpAv1[1] then
begin
Sellshort ( "sellshort") Cts contracts next bar at market ;

setprofittarget (TGT);
setstoploss (STP);

end;

value97 = text_new ( D, T, ExpAv1, "*" );
text_setcolor (Value97, Cyan);

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  #2 (permalink)
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  #3 (permalink)
Market Wizard
Hamburg Germany
 
Futures Experience: Advanced
Platform: Multicharts, Tradestation, Multicharts.NET, NinjaTrader, MetaTrader
Broker/Data: DTN IQ
Favorite Futures: ES
 
Posts: 1,533 since Apr 2013
Thanks: 231 given, 854 received
Forum Reputation: Legendary


honoluluhustler,

"Since I am selling short, does the STP and TGT need to be negative?" - No, the strategy will figure that out.
Why do you include the stop and target within the entry condition? This means they are only active when the entry conditions are. So you will likely have times when you are in the market, but without a stop and target.

Regards,
ABCTG

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  #4 (permalink)
Trading Apprentice
Honolulu + Hawaii / USA
 
Futures Experience: Intermediate
Platform: TradeStation
Favorite Futures: Gold
 
Posts: 18 since Jul 2014
Thanks: 16 given, 1 received

So move

Setprofittarget and setstoploss on the outside after the end;

if volume > 2000 and ROC1 < 1 and Price[1] crosses below ExpAv1[1] then
begin
buy ( "buy") Cts contracts next bar at market ;

end;

setprofittarget (TGT);
setstoploss (STP);

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