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2 strategies and 2 types of stops managements... How to?


Discussion in EasyLanguage Programming

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2 strategies and 2 types of stops managements... How to?

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  #1 (permalink)
Montreal, Canada
 
Experience: Intermediate
Platform: Multicharts
Broker: Interactive Broker
Trading: Forex
 
Posts: 263 since Sep 2010
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Hello

Another big interogation for me with EasyLanguage

I have developped a system that include two strategies. Each one as its one stop management. How could I differentiate them so that their appropriate orders being modified.

EX: Entry_Type1 move stop to the low of the bar
Entry_Type2 If channel hit move stop to the low of the bar

In any moment, I could have more than one positions running. Since each of them had id reason to be in ( setup), I need to manage them according to their respective rules.

Thanks to and but a special one to Big Mike.

Martin

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  #3 (permalink)
Orlando, Florida
 
Experience: Advanced
Platform: NinjaTrader, TradeStation, MultiCharts, eSignal, MetaTrader
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I believe you are looking for "from entry". See the following example.

 
Code
                            
buy ("LE"next bar at highest(h,20stop;
sell short ("SE"next bar at lowest(l,20stop;

sell from entry ("LE"next bar at lowest(l,10stop;
buytocover from entry ("SE"next bar at highest(h,10stop

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  #4 (permalink)
Montreal, Canada
 
Experience: Intermediate
Platform: Multicharts
Broker: Interactive Broker
Trading: Forex
 
Posts: 263 since Sep 2010
Thanks: 440 given, 91 received


MooreTech View Post
I believe you are looking for "from entry". See the following example.

 
Code
                            
buy ("LE"next bar at highest(h,20stop;
sell short ("SE"next bar at lowest(l,20stop;
 
sell from entry ("LE"next bar at lowest(l,10stop;
buytocover from entry ("SE"next bar at highest(h,10stop


Thanks MoorTech

I understand your code when all trades is managed within MultiCharts. All orders sent are to be executed at market.

Now, if my stops reside on my broker server like a stop loss "stop if bid " that was placed when the entry was done few bars ago for a position named "LE".

How do I know if this stops from position "LE" as been hit ? Order to sell was on broker server and could be hit any time before being canceled. What is the link between Multicharts position and actual reel positions. How to have them synchronize, Big interrogation for me????


Have a great day

Martin
Martin

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October 28, 2010


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