Use strategies Exits with manual Entries - Best Practice

May 10th, 2018, 07:05 AM

Hello everyone.

I would like to know what is the best practice to use a strategy (or more) to perform Exits after a manual (discretionary) entering in the market.

Let's suppose I decide to enter a position and then, depending on my decision, I want to apply an automated signal just for the exit.
For example I have 3 different kind of exits so that's mean 3 different decisional codes.
So in order to let me decide what kind of exits to use I think that the easiest way is:

First) create 3 different strategies each without any entry code and only a code for market position = 1 or -1 to deal with the exit and attach all of them to the chart.

Second) After have entered a position I should simply click con "SA" and activate the desired Exit strategy

This should be the easiest way but not the most elegant solution I suppose.

Based on your experience do you think that process the mouse event would give me a faster and/or more complete solution?

I'm also thinking that it should be possible to constantly have SA activated and then create a specific code (into the strategy) for the manual entry using mouse event for example:

Code

[ProcessMouseEvents = true];
[IntrabarOrderGeneration = true];

// Open a position with a mouse click with Control
if (MouseClickCtrlPressed and not MouseClickShiftPressed) then begin

    if (MouseClickPrice > High) then 
        SellShort ("ES click") 1 contract next bar at market

    else if (MouseClickPrice < Low) then 
        Buy ("EL click") 1 contract next bar at market;

end;

But in this case how can I manually select different exits modalities? It is possible to add a sort of "EXIT MODE SELECTOR" using the mouse right click to display the options??

Anyone of you are actually trading with manual entry and automated exit?

Thanks for any tips

Regards,

David

ABCTG · May 10th, 2018, 08:58 AM

David,

one of the things you will have to deal with is making the strategy aware of manual entries. There are various threads in the official forum plus information in the wiki that I would suggest checking out.

Regarding your question you can probably detect clicks on text labels (basically create your own pseudo buttons) or add drawings to your chart to determine which exit logic to apply, but you will have to be a bit creative here.

Regards,

ABCTG

Use strategies Exits with manual Entries - Best Practice

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Use strategies Exits with manual Entries - Best Practice