Last Position Reference

January 8th, 2015, 11:54 AM

Hi,

Can anybody help me to code the following?

If last trade is profit, disallow entry once when entry signal trigger; but, if the entry signal trigger again in the following bars, then follow the entry signal.

Thanks in advance.

ABCTG · January 8th, 2015, 03:21 PM

Kindergarten,

you can use PosTradeProfit to get the profit/loss from previous trades.

Quoting

PosTradeProfit(PosAgo,TradeNumber)

Where: PosAgo - a numerical expression, specifying the position:

0 - open position;

1 - one position back (the last position closed);

2 - two positions back, etc.

TradeNumber - a numerical expression, specifying the number of trade (zero-based).

Then you need to check this together with your entry conditions and use a counter or flag to make sure that you only check this for one entry trigger and let the others go through.

Regards,
ABCTG

January 10th, 2015, 01:24 PM

ABCTG

Kindergarten,

you can use PosTradeProfit to get the profit/loss from previous trades.

Then you need to check this together with your entry conditions and use a counter or flag to make sure that you only check this for one entry trigger and let the others go through.

Regards,
ABCTG

Dear ABCTG,

Genius!

Thank you very much.

Last Position Reference

Discussion in MultiCharts

Last Position Reference