hamstonil 

How would you do it in EasyLanguage? I was actually going to figure that out myself as a next step as soon as I figured out how to do it the Trade Bar. Currently, I have a TradingApp I made placing an entry order with 2 OCO's attached to it (OSO): one that's -1R stop, +1R profit and the other is -1R stop, +2R profit. Those 5 trades go in together and work excellent. But I want it to move the -1R stop loss on the -1R/+2R bracket up to 0R as soon as that -1R/+1R bracket trades (i.e., as soon as the stock hits +1R).

If you are in a long trade, it would look something like this:

if marketposition=1 then begin

sell next bar at XXXX stop;
sell next bar at YYYY limit;
end;


XXXX and YYYY would be prices you calculate based on your scheme. You could use reserved words like "maxpositionprofit" and "openpositionprofit" to help you know when to move stops.

Simple example:

XXXX=3100.00; //set stop at price of 3100

if maxpositionprofit> 1000 then XXXX=3140; //once $1000 per contract hit, stop moves up to 3140


It can get trcky, but that should at least get you started.

kevinkdog 

If you are in a long trade, it would look something like this: if marketposition=1 then begin sell next bar at XXXX stop; sell next bar at YYYY limit; end; XXXX and YYYY would be prices you calculate based on your scheme. You could use reserved words like "maxpositionprofit" and "openpositionprofit" to help you know when to move stops. Simple example: XXXX=3100.00; //set stop at price of 3100 if maxpositionprofit> 1000 then XXXX=3140; //once $1000 per contract hit, stop moves up to 3140 It can get trcky, but that should at least get you started.

Thanks, but I'm using the OrderTicket object (and OCOOrderTicket and OSOOrderTicket objects) to create and place the orders. For example:

EntryOrder.Symbol = txtSymbol.Text;
EntryOrder.type = OrderType.StopLimit;
EntryOrder.Route = "intelligent";
EntryOrder.Quantity = intShares;
EntryOrder.Account = AccountNumber;
EntryOrder.SymbolType = SecurityType.Stock;
EntryOrder.Duration = Duration;
EntryOrder.LimitPrice = dblEntryLimitPrice;
EntryOrder.StopPrice = dblEntryStopPrice;
If(rdoLong.Checked) Then
Begin
EntryOrder.Action = OrderAction.Buy;
End
Else
Begin
EntryOrder.Action = OrderAction.SellShort;
End;

[stuff happens]

OCOOrderTicket1.Siblings.Add(ProfitTargetOrder);
OCOOrderTicket1.Siblings.Add(StopLossOrder);

OSOOrderTicket1.SecondaryTickets.Add(OCOOrderTicket1);
OSOOrderTicket1.PrimaryTicket = EntryOrder;

[other stuff happens]

OCOOrderTicket2.Siblings.Add(ProfitTargetOrder2);
OCOOrderTicket2.Siblings.Add(StopLossOrder2);

OSOOrderTicket1.SecondaryTickets.Add(OCOOrderTicket2)

MyOrder = OSOOrderTicket1.Send();

hamstonil 

Thanks, but I'm using the OrderTicket object (and OCOOrderTicket and OSOOrderTicket objects) to create and place the orders. For example: EntryOrder.Symbol = txtSymbol.Text; EntryOrder.type = OrderType.StopLimit; EntryOrder.Route = "intelligent"; EntryOrder.Quantity = intShares; EntryOrder.Account = AccountNumber; EntryOrder.SymbolType = SecurityType.Stock; EntryOrder.Duration = Duration; EntryOrder.LimitPrice = dblEntryLimitPrice; EntryOrder.StopPrice = dblEntryStopPrice; If(rdoLong.Checked) Then Begin EntryOrder.Action = OrderAction.Buy; End Else Begin EntryOrder.Action = OrderAction.SellShort; End; [stuff happens] OCOOrderTicket1.Siblings.Add(ProfitTargetOrder); OCOOrderTicket1.Siblings.Add(StopLossOrder); OSOOrderTicket1.SecondaryTickets.Add(OCOOrderTicket1); OSOOrderTicket1.PrimaryTicket = EntryOrder; [other stuff happens] OCOOrderTicket2.Siblings.Add(ProfitTargetOrder2); OCOOrderTicket2.Siblings.Add(StopLossOrder2); OSOOrderTicket1.SecondaryTickets.Add(OCOOrderTicket2) MyOrder = OSOOrderTicket1.Send();

I don't use OOEl, since it is not good for backtesting. Sorry!

kevinkdog 

I don't use OOEl, since it is not good for backtesting. Sorry!

No worries. Thanks for looking!! I just use it for order entry of complex orders, so backtesting not needed.

I was looking to accomplish the same thing with no luck. Tradestation seems limited as far as easily and quickly maneuvering in and out of trades, with multiple profits targets and stops. I started looking at other platforms and seems like sierra charts can do this easily with breakeven stop functionality as well as scale in and scale out. So I'm planning on trying it out with my AMP account.