Exit condition not working properly buying and selling same bar

May 21st, 2023, 11:09 PM

Hello,

I am practicing learning easylanguage. Slowly building my skills. I am coding a very basic strategy for practice. Everything is working correctly until I get to my exit condition. For some reason it keeps buying and selling on the same bar even though the price isn't at the target price and it continues to do this on every bar that meets my entry condition.

Since my entrycondition stuff works fine ill just paste my exit condition logic.

Code

If EntryCondition Then
    Buy("Entry") Next Bar at Market;

// Calculate Average True Range (ATR)
ATR = AvgTrueRange(ATRLength);

// Exit condition
TargetPrice = Avgentryprice + testtarget;
stoplossprice = avgentryprice - teststop;

ExitCondition = AvgPrice >= TargetPrice;
stoplosshit = AvgPrice <= stoplossprice; 

If ExitCondition Then
    Sell("Exit") Next Bar at Market;

Originally I was using atr as a stop but I since just switched to a variable that has a static numbers. teststop(15) and testtarget(30) because I was using 1 atr and that was coming out to like 2 points and on a 30 minute chart that is easily hit so i thought I just had my stops/targets to close initially but even when i expanded it to 4 atr it still was buying and selling immediately on every bar that meets my entry conditions.

Emini sp 500 futures is the market for reference.

If anyone could be of assistance that would be great.

May 27th, 2023, 05:35 PM

It is hard to comment since not all the code is there.

But you might try adding code to prevent the sell from occurring until you are long.

Something like:

MP = MarketPosition;
if MP > 0 and ExitCondition Then
Sell("Exit") Next Bar at Market;

May 28th, 2023, 09:24 AM

I agree that it is a bit difficult to comment without more or all of the code. Three things strike me: first, are you using IOG? I ask because using IOG during back testing is so convoluted that it is just best not to use IOG in back testing. Second, I question the use of avgentryprice since that assumes you have two or more open positions to use to average their entry price. Finally, I also wonder about the use of avgprice since that is the average of the hloc of the current bar and cannot be known until the bar closes.

And I guess I'd also like to know if the unseen part of the code would demand that any of all of your variables need to be reset to 0 or null before moving to the next bar.

Exit condition not working properly buying and selling same bar

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Exit condition not working properly buying and selling same bar