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How to scale in entries and exit all pos. at once?
Started: by Gabriel123 Views / Replies:131 / 1
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How to scale in entries and exit all pos. at once?

  #1 (permalink)
Elite Member
Futures Experience: Intermediate
Platform: ProRealTime
Favorite Futures: DAX
Posts: 39 since Jul 2015
Thanks: 6 given, 3 received

How to scale in entries and exit all pos. at once?


Let's say this is my simple code (strategy only used in Daily bars) :

If C >= Average(C,200) and RSI(C,2) < 2 then buy 1 contract this bar at close;
If RSI(C,2) > 70 or barssinceentry>=20 then sell 1 contract this bar at close;

I want the strategy to be able to add 1 more contract if Marketposition = 1 and C >= Average(C,200) and RSI(C,2) < 2 and C < lowest(C,2)

And I want the second contract to be sold simultaneosly as the first.

How do I do that?

Thanks in advance.

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  #2 (permalink)
Hamburg Germany
Futures Experience: Advanced
Platform: Multicharts, Tradestation, Multicharts.NET, NinjaTrader, MetaTrader
Broker/Data: DTN IQ
Favorite Futures: ES
Posts: 1,234 since Apr 2013
Thanks: 199 given, 694 received


this might get you going:

Multicharts allows to give orders a name, so you can distinguish between them.

You'll also have to allow more than one entry in the same direction under the strategy properties (it will likely make sense for you to use the option where the entry order has to be done using a different name).



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