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Code conditions to close a long position
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Code conditions to close a long position

  #1 (permalink)
Trading Apprentice
France
 
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Code conditions to close a long position

Hello everybody

I m wondering how to code "exitlong" or "exitshort" conditions.
Below, you can see my extrait of my code (which doesn't work...)

 
Code
// exitlong conditions

If (Marketposition = 1) then begin
Sell currentbar at entryprice+5 ;
end;
setstoploss (-5);
As soon as a long (buy) position is open (order n1), I would send two another orders :
order n2 => it would be placed to "myentryprice + 5 ticks" (with limit order and on the current bar)
and
order n3 => it would be placed to "myentryprice - 5 ticks" (with market order, a kind of stoploss...)
and "if current price = myentryprice + 2 ticks" then the order n3 is going up to this level.

Anybody have an idea please?

 
  #2 (permalink)
Market Wizard
Hamburg Germany
 
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ruliann,

I'll answer your question in the first thread you created and maybe @Big Mike can close this one as it is a duplicate.

Regards,
ABCTG

 
  #3 (permalink)
Site Administrator
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