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Last Position Reference
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Created: by Kindergarten Attachments:0

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Last Position Reference

  #1 (permalink)
Trading Apprentice
Johor Bahru, Johor/Malaysia
 
Futures Experience: Advanced
Platform: Multicharts
Favorite Futures: Commodities Futures
 
Posts: 2 since Dec 2014
Thanks: 1 given, 0 received

Last Position Reference

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.

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  #2 (permalink)
Market Wizard
Hamburg Germany
 
Futures Experience: Advanced
Platform: Multicharts, Tradestation
Broker/Data: DTN IQ
Favorite Futures: ES
 
Posts: 1,704 since Apr 2013
Thanks: 264 given, 991 received
Forum Reputation: Legendary

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

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  #3 (permalink)
Trading Apprentice
Johor Bahru, Johor/Malaysia
 
Futures Experience: Advanced
Platform: Multicharts
Favorite Futures: Commodities Futures
 
Posts: 2 since Dec 2014
Thanks: 1 given, 0 received



ABCTG View Post
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.

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