How to place a stop loss on the entry bar in EasyLanguage

October 1st, 2020, 05:17 PM

How to place a stop loss/ profit with the entry.

In EasyLanguage the code enters on the next bar. How can I place a StopLoss and a Target at the same time?

The goal is to be able to hit the target during the entry bar.

October 3rd, 2020, 09:23 AM

Does anyone use Power Language? Looking for a tutorial. (Learning with a C# background)

October 6th, 2020, 11:55 AM

SidewalkAerobics

How to place a stop loss/ profit with the entry.

In EasyLanguage the code enters on the next bar. How can I place a StopLoss and a Target at the same time?

The goal is to be able to hit the target during the entry bar.

SetStoploss() should work on the entry bar.

October 6th, 2020, 12:02 PM

edgefirst

SetStoploss() should work on the entry bar.

Using SetStoploss and SetProfitTarget do not place limit orders until the bar AFTER entry. On the entry bar, price can move through the stop or limit.

Do I need to adjust a setting?

October 6th, 2020, 12:14 PM

SidewalkAerobics

Using SetStoploss and SetProfitTarget do not place limit orders until the bar AFTER entry. On the entry bar, price can move through the stop or limit.

Do I need to adjust a setting?

A simple example.

Code

if C > Highest(C, 20)[1] then buy next bar at market;

SetStoploss(400);
SetProfitTarget(500);

October 6th, 2020, 02:06 PM

edgefirst

A simple example.

Code

if C > Highest(C, 20)[1] then buy next bar at market;

SetStoploss(400);
SetProfitTarget(500);

Thanks for the picture

Do you update at the close of a bar or continuously?

October 6th, 2020, 02:36 PM

SidewalkAerobics

Do you update at the close of a bar or continuously?

On the close. No IOG used.

October 6th, 2020, 08:01 PM

edgefirst

On the close. No IOG used.

What setting are use to enable a reversal (multiple times) in the same bar on Multicharts?

I see the same bar reversals in the backtest, but do not see live orders for them when trading.

October 8th, 2020, 12:19 PM

SidewalkAerobics

What setting are use to enable a reversal (multiple times) in the same bar on Multicharts?

I see the same bar reversals in the backtest, but do not see live orders for them when trading.

It has been a long time since last time I used MC for live trading. In TradeStation, live trading matches simulation quite well.

October 12th, 2020, 06:31 PM

edgefirst

It has been a long time since last time I used MC for live trading. In TradeStation, live trading matches simulation quite well.

Thanks edgefirst! Does Tradestation simulation show similar slippage results as live algo trading?

Any input you can provide on Tradestation would be appreciated.

How to place a stop loss on the entry bar in EasyLanguage

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How to place a stop loss on the entry bar in EasyLanguage