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In disbelief that there are no post on this subject
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In disbelief that there are no post on this subject

  #1 (permalink)
Trading Apprentice
Tampa, FL/United States
 
Futures Experience: Intermediate
Platform: TradeStation
Favorite Futures: Futures
 
Posts: 1 since Dec 2012
Thanks: 0 given, 0 received

In disbelief that there are no post on this subject

New to EasyLanguage...

After searching all the blogs and Google-ing every variation of my question for the last 2 days...

I have
a) NOT found the answer,
b) Am in disbelief that there are no post on the subject,
c) Will be very Impressed to say the least at whomever can answer the question

Not to mention GRATEFUL!

Need CODE on How to SET A FIXED HARD STOP (not a trailing) that is X # of PIPs above or below (LX/SX) my EntryPrice?

ie: if Currentprice = entryprice +10 pips {or+$50} then Set STOPLOSS at entryprice +5 pips{or +$25}
So say we're in Long YMZ12 @ 12,940
as soon as (if/when) the price goes to 12,950
Set a HARD Fixed STOP at 12,945

(It seems so simple I almost feel silly asking! Again still in disbelief post doesn't exist/ that I have not found it)
I have tried all the "out of the box" Tradestation codes and tried making variations to each to no avail.

It's currently 12:53 Eastern time, way past my bedtime... Reaching out to the "collective consciousness" and looking forward to being a little kid again at X-mas waking up to the BEST Present "THE PERFECT ANSWER!" For both long and short exits.


Last edited by MtgBanker; December 7th, 2012 at 02:07 AM. Reason: Title change
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  #2 (permalink)
Trading for Fun
London
 
Futures Experience: None
Platform: mc, TS, ninja
Favorite Futures: es
 
Bimi's Avatar
 
Posts: 118 since Mar 2010
Thanks: 42 given, 58 received


MtgBanker View Post
New to EasyLanguage...

After searching all the blogs and Google-ing every variation of my question for the last 2 days...

I have
a) NOT found the answer,
b) Am in disbelief that there are no post on the subject,
c) Will be very Impressed to say the least at whomever can answer the question

Not to mention GRATEFUL!

Need CODE on How to SET A FIXED HARD STOP (not a trailing) that is X # of PIPs above or below (LX/SX) my EntryPrice?

ie: if Currentprice = entryprice +10 pips {or+$50} then Set STOPLOSS at entryprice +5 pips{or +$25}
So say we're in Long YMZ12 @ 12,940
as soon as (if/when) the price goes to 12,950
Set a HARD Fixed STOP at 12,945

(It seems so simple I almost feel silly asking! Again still in disbelief post doesn't exist/ that I have not found it)
I have tried all the "out of the box" Tradestation codes and tried making variations to each to no avail.

It's currently 12:53 Eastern time, way past my bedtime... Reaching out to the "collective consciousness" and looking forward to being a little kid again at X-mas waking up to the BEST Present "THE PERFECT ANSWER!" For both long and short exits.


from your description, you have already coded it yourself ! easylanguage is that easy: just add the semi-colon at the end of the sentence and viola, you have your code.

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  #3 (permalink)
Elite Member
Netherlands
 
Futures Experience: Advanced
Platform: Ensign, Multicharts
Favorite Futures: SP500
 
Posts: 95 since Nov 2009
Thanks: 66 given, 56 received

Answer
This post has been selected as an answer to the original posters question Answer


In Multicharts you can use
SetStopLoss(Amount);

so

SetStopLoss(EntryPrice - 25);

or

Sell("Exit long") 1 Contracts next bar at (EntryPrice - 25);

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  #4 (permalink)
Elite Member
Reno, Nevada
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: ZN, ZB, FDAX
 
phantomtrader's Avatar
 
Posts: 158 since May 2011
Thanks: 13 given, 226 received

There are three stop loss strategy codes built into the EL library. Go to Insert, Strategy, scroll down to Stop Loss. You can also access the EL help section on stop loss codes here: https://community.tradestation.com/Discussions/Topic.aspx?Topic_ID=113165

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  #5 (permalink)
Market Wizard
Cleveland Ohio/United States
 
Futures Experience: Advanced
Platform: Tradestation
Broker/Data: various
Favorite Futures: futures
 
Posts: 2,388 since Jul 2012
Thanks: 1,139 given, 4,387 received
Forum Reputation: Legendary


MtgBanker View Post
New to EasyLanguage...

After searching all the blogs and Google-ing every variation of my question for the last 2 days...

I have
a) NOT found the answer,
b) Am in disbelief that there are no post on the subject,
c) Will be very Impressed to say the least at whomever can answer the question

Not to mention GRATEFUL!

Need CODE on How to SET A FIXED HARD STOP (not a trailing) that is X # of PIPs above or below (LX/SX) my EntryPrice?

ie: if Currentprice = entryprice +10 pips {or+$50} then Set STOPLOSS at entryprice +5 pips{or +$25}
So say we're in Long YMZ12 @ 12,940
as soon as (if/when) the price goes to 12,950
Set a HARD Fixed STOP at 12,945

(It seems so simple I almost feel silly asking! Again still in disbelief post doesn't exist/ that I have not found it)
I have tried all the "out of the box" Tradestation codes and tried making variations to each to no avail.

It's currently 12:53 Eastern time, way past my bedtime... Reaching out to the "collective consciousness" and looking forward to being a little kid again at X-mas waking up to the BEST Present "THE PERFECT ANSWER!" For both long and short exits.

Tradestation put out a few free books on how to program with Easy Language. The versions I have are from 2004, but they helped me a ton to do things like this, and learn Easy Language.

You should be able to find these pdf books "Getting Started With Tradestation Easy Language" and "Easy Language Reference Guide" on TS website. If you can't, PM me and I'll send you the old versions I have.

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