Exit Signal Help

December 20th, 2012, 03:02 PM

Hopefully this is a simple task that I am just too stupid to grasp at the moment, but here goes:

If I want to trade based on an indicator (just say a moving average or something), and I want to buy at some point below the average. However, I want to wait until the price moves above the average, and at this time I would like to set this same average to be my exit condition to the downside.

So, train of thought would be:

1. Go long at Point A below moving average
2. Wait until Close[0] is above the moving average
3. Exit Long when Close[0] crosses back below the moving average

I tried coding it sort of like this, but it doesn't work at all.

Code

if (Positions[0].MarketPosition == MarketPosition.Long)
				{
					 if (Close[0] > MovingAverage)
						if(CrossBelow(EMA(1), MovingAverage), 1))
						{
							ExitLong("c"+Time[-1], "long");
						}
						
				}

Can anyone provide some help on this? I know it's convoluted, but I'd at least like to learn how to code this (for educational purposes if nothing else!)

Thanks,
Jordis

December 20th, 2012, 04:38 PM

jordis

Hopefully this is a simple task that I am just too stupid to grasp at the moment, but here goes:

If I want to trade based on an indicator (just say a moving average or something), and I want to buy at some point below the average. However, I want to wait until the price moves above the average, and at this time I would like to set this same average to be my exit condition to the downside.

So, train of thought would be:

1. Go long at Point A below moving average
2. Wait until Close[0] is above the moving average
3. Exit Long when Close[0] crosses back below the moving average

I tried coding it sort of like this, but it doesn't work at all.

Code

if (Positions[0].MarketPosition == MarketPosition.Long)
				{
					 if (Close[0] > MovingAverage)
						if(CrossBelow(EMA(1), MovingAverage), 1))
						{
							ExitLong("c"+Time[-1], "long");
						}
						
				}

Can anyone provide some help on this? I know it's convoluted, but I'd at least like to learn how to code this (for educational purposes if nothing else!)

Thanks,
Jordis

I assume you have CalculateOnBarClose=true;

The easiest way would be to use a simple bool flag like

Code

if(crossedabove && CrossBelow(Close[0], MovingAverage) 
{
ExitLong();
crossedabove = false;
}
else if(Crossabove(Close[0], MovingAverage) && Positions[0].MarketPosition != MarketPosition.Flat) crossedabove = true;

Vvhg

December 20th, 2012, 05:30 PM

jordis

Hopefully this is a simple task that I am just too stupid to grasp at the moment, but here goes:

If I want to trade based on an indicator (just say a moving average or something), and I want to buy at some point below the average. However, I want to wait until the price moves above the average, and at this time I would like to set this same average to be my exit condition to the downside.

So, train of thought would be:

1. Go long at Point A below moving average
2. Wait until Close[0] is above the moving average
3. Exit Long when Close[0] crosses back below the moving average

I tried coding it sort of like this, but it doesn't work at all.

Code

if (Positions[0].MarketPosition == MarketPosition.Long)
				{
					 if (Close[0] > MovingAverage)
						if(CrossBelow(EMA(1), MovingAverage), 1))
						{
							ExitLong("c"+Time[-1], "long");
						}
						
				}

Can anyone provide some help on this? I know it's convoluted, but I'd at least like to learn how to code this (for educational purposes if nothing else!)

Thanks,
Jordis

How about something like this...I hope I interpreted your rule correctly.

if (Close[0] < MovingAverage[0]) EnterLong();

if (Close[0] < MovingAverage[0] && High[0] >= MovingAverage[0]) ExitLong();

Exit Signal Help

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Exit Signal Help