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Use Previous Trade and P&L in Strategy
Started:October 18th, 2016 (10:58 AM) by GreenMound Views / Replies:67 / 1
Last Reply:October 18th, 2016 (12:08 PM) Attachments:0

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Use Previous Trade and P&L in Strategy

Old October 18th, 2016, 10:58 AM   #1 (permalink)
Trading Apprentice
Santon, Isle of Man
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: Emini
 
Posts: 2 since Apr 2016
Thanks: 1 given, 0 received

Use Previous Trade and P&L in Strategy

Good afternoon,

I'm looking to reference a previous trade in my automated trading strategies. I would like to use them in the following cases:
- Using prior exit price+X as a reentry stop level
-If previous trade moved X% then no counter direction trade
-If previous trade P&L was pos/neg then activate X/Y/Z procedure

I've searched through reserved words and threads on this and other sites. I could well have missed it so I wonder if anyone here could point me in the right direction.

Many thanks,

GM

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Old October 18th, 2016, 12:08 PM   #2 (permalink)
 Vendor: abctradinggroup.com 
Hamburg Germany
 
Futures Experience: Advanced
Platform: Multicharts, Tradestation, Multicharts.NET, NinjaTrader, MetaTrader
Broker/Data: DTN IQ
Favorite Futures: ES
 
Posts: 1,150 since Apr 2013
Thanks: 191 given, 648 received

GreenMound,

you might want to look into the reserved words ExitPrice and EntryPrice. They should work for you in case you don't scale in or out of trades.

Regards,

ABCTG

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