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HOW!!?? Turn SetStopLoss into a ExitLongLimit
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HOW!!?? Turn SetStopLoss into a ExitLongLimit

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HOW!!?? Turn SetStopLoss into a ExitLongLimit

Greets!

I have (for me) intriguing idea after taking a long look ayt how the SetStopLoss was having my automated strategy trades finish: it looks like there could be another 3 or more ticks of profit available beyond what price was selected as the 'stop loss limit'.

I tried just adding another 3 ticks to the calculation I was using, with a small amount of success (ie same# of trades are taken, small increase in net points) but if I try to make the process into a ExitLongLimit the results are not fruitful (ie dont ask)

 
Code
				//**************************************
                //          Adjust TrailLong Exit
                //**************************************
				double TRAILtickAdjustLONG = 0;
			//
						if (  (BarsSinceEntry(0, "",0)) >= iTrailStartBarNum )
				{	 // Rule#1   flat for 3 bars in a row
					if(	iTrailUseTSr1 == 1	&& sTrailSS[0] == 1 && vTrailCt >= 3) 
						TRAILtickAdjustLONG++;
					// Rule#2    flat for 2 bars in a row  
					if(	iTrailUseTSr2 == 1	&& sTrailSS[0] == 1 && vTrailCt >= 2)
						TRAILtickAdjustLONG++;
					// Rule#3  TSST EXIT DOWNtrending
					if(	iTrailUseTSr3 == 1	&& sExitSS[0] == -1)
						TRAILtickAdjustLONG++;
					// Rule#4  fast period EXITing EMA1 is in a DOWNslope
					if(	iTrailUseEMA1r4 == 1 && Falling(sExitMA1) )
						TRAILtickAdjustLONG++;
					// Rule#5  slow period EXITing EMA2 is in a DOWNslope
					if(	iTrailUseEMA2r5  == 1	&& Falling(sExitMA2))
						TRAILtickAdjustLONG++;
					// Rule#6  Filter UPslope > EMA3 UPslope 
					if(	iTrailUseK2EMA3r6 == 1	
                                                                                                && Rising(sTrailUKF) && sTrailUKF[0] > sTrailMA3[0]	
                                                                                                && Rising(sTrailMA3) )
						TRAILtickAdjustLONG++;
					// Rule#7  EXITing KFilter is in a DOWNslope
					if(            iTrailUseUKFr7 == 1 && Falling(sExitUKF)) 
						TRAILtickAdjustLONG++;  
					//
						tVars.cStopLossTicks -= TRAILtickAdjustLONG;
//
		// this is what I tried to substitute into the code line 'SetStopLoss( )' with horrible results
			//	if ( Lows[1][0] <=  (Position.AvgPrice - tVars.cStopLossTicks * vTickMult))
			//		ExitLongLimit( (Position.AvgPrice - tVars.cStopLossTicks * vTickMult) + 3*TickSize);
					
			SetStopLoss(CalculationMode.Ticks, tVars.cStopLossTicks * vTickMult + 3*TickSize);															
			DrawSquare(CurrentBar.ToString() + "sl", true, 0, Position.AvgPrice - tVars.cStopLossTicks * TickSize * vTickMult, Color.Crimson);
				}			
			}
Any suggestions on how this can be coded effectively? My guess is that this may apply to several people that use SetStopLoss.

TIA!
Jon

update: swapped out
 
Code
 if ( Lows[1][0]
for
 
Code
  if ( Low[0]
and looks more normal but still looking for ideas
more update: I started another thread on MIT / LIT ... I feel that the question posed in this thread will be in the same context as the other discussion

Writing to you from the wonderful province of Ontario, Canada. Home to the world's biggest natural negative ion generator, the Niagara Falls, and to those that dare to know how to go over it in a barrel. SALUTE!

Last edited by Trader.Jon; March 25th, 2011 at 02:24 PM.
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