Code to exit position at next bar

• 08/01/2024 at 1:50 PM #236014
  lgovender

  Hi

  Please see code below. Basically i am trying to indicate that the position must be closed at the next bar open if the stop and profit targets are not met.

  the code i have in there returns zero trades on the backtest.

  IF c2 or c3 then
  SELL AT MARKET
  ELSE
  SELL AT MARKET NextBarOpen
  ENDIF

  

  lgovender

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  08/01/2024 at 2:15 PM #236016
  robertogozzi

  NextBarOpen is an obsolete keyword that is ignored, but still prsent to grant older code works, but it’s the default rule as ALL strategies are executed at the closing of each bar and ALL trades are opened and closed after that, that is when the next bar opens.

  Your code CAN’T start any trade because you have only used SELL, which is the instruction to close a Long trade.

  Here are the 4 keywords involved in opening and closing trades:

  • BUY opens a Long positions
  • SELL closes a Long position
  • SELLSHORT opens a Short position
  • EXITSHORT closes a Short position.

   

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  Iván, lgovender

  

  robertogozzi

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  08/02/2024 at 3:14 AM #236051
  lgovender

  there’s the full code

  on the backtest over 20 days, it is only taking 8 trades, i want it to take a trade every candle, which is 1 hour

  // Definition of code parameters
  DEFPARAM CumulateOrders = False // Cumulating positions deactivated

  // Prevents the system from placing new orders on specified days of the week
  daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0

  // Conditions to enter long positions
  c1 = (Close[1] < Close[2])

  IF c1 AND not daysForbiddenEntry THEN
  BUY 1 CONTRACT AT MARKET
  ENDIF

  //Conditions to exit long positions
  c2 = ((TRADEPRICE/Close[1])-1) > 0.006
  c3 = ((TRADEPRICE/Close[1])-1) > -0.004

  IF c2 or c3 THEN
  SELL AT MARKET

  ENDIF

  // Conditions to enter short positions
  c4 = (Close[1] > Close[2])

  IF c4 AND not daysForbiddenEntry THEN
  SELLSHORT 1 CONTRACT AT MARKET
  ENDIF

  // Conditions to exit short positions
  c5 = ((TRADEPRICE/Close[1])-1) > 0.006
  c6 = ((TRADEPRICE/Close[1])-1) > -0.004

  IF c5 or c6 THEN
  EXITSHORT AT MARKET

  ENDIF

  

  lgovender

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  08/02/2024 at 7:30 AM #236052
  Iván

  Hello,
  Looking over your code I see that you have set conditions for buying and short selling that I think you should review.

  c2 = ((TRADEPRICE/Close[1])-1) > 0.006 c3 = ((TRADEPRICE/Close[1])-1) > -0.004

  1 2	c2 = ((TRADEPRICE/Close[1])-1) > 0.006 c3 = ((TRADEPRICE/Close[1])-1) > -0.004

  As you can see, condition c2 or c3 is redundant. It would suffice to put c3 as c2 will always be true.

  c2 = ((TRADEPRICE/Close[1])-1) > 0.006 c3 = ((TRADEPRICE/Close[1])-1) < -0.004

  1 2	c2 = ((TRADEPRICE/Close[1])-1) > 0.006 c3 = ((TRADEPRICE/Close[1])-1) < -0.004

  The same is true for shorts.

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  lgovender

  

  Iván

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  08/02/2024 at 4:18 PM #236072
  lgovender

  thank you, made an error with the sign.

   

  

  lgovender

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