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Use Previous Trade and P&L in Strategy


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Use Previous Trade and P&L in Strategy

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  #1 (permalink)
Santon, Isle of Man
 
 
Posts: 2 since Apr 2016
Thanks: 1 given, 0 received

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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  #2 (permalink)
 
 
Posts: 2,230 since Apr 2013
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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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