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How to scale in entries and exit all pos. at once?
Started:November 14th, 2016 (06:10 PM) by Gabriel123 Views / Replies:78 / 1
Last Reply:November 15th, 2016 (04:16 AM) Attachments:0

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

Old November 14th, 2016, 06:10 PM   #1 (permalink)
Elite Member
Stockholm
 
Futures Experience: Intermediate
Platform: ProRealTime
Favorite Futures: DAX
 
Posts: 39 since Jul 2015
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How to scale in entries and exit all pos. at once?

Hi!

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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Old November 15th, 2016, 04:16 AM   #2 (permalink)
 Vendor: abctradinggroup.com 
Hamburg Germany
 
Futures Experience: Advanced
Platform: Multicharts, Tradestation, Multicharts.NET, NinjaTrader, MetaTrader
Broker/Data: DTN IQ
Favorite Futures: ES
 
Posts: 1,151 since Apr 2013
Thanks: 191 given, 648 received

Gabriel123,

this might get you going: https://futures.io/multicharts/11278-video-tutorial-how-create-advanced-multicharts-easylanguage-strategy.html

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).

Regards,

ABCTG

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