No short positions established

• 11/21/2024 at 10:26 PM #240638
  dubbzie

  Below is a script I created to go short if the close crosses under EMA10. I’m using a 15-minute chart for Nasdaq100, with a target and stop loss of 100 points. However, no positions are ever being established. Does anyone understand why? Thanks in advance 🙂

   

  DEFPARAM FlatAfter= 215900 // Cancel any pending orders, close any positions and prevent placement of additional orders by the trading system after 16:00:00 in the market time zone
  DEFPARAM CUMULATEORDERS=FALSE

  indicator1 = ExponentialAverage[10](close)

  c1 = close < indicator1 and close[1] > indicator1

  IF not onmarket and time =1430000 OR (time > 143000 AND time[1] < 143000) and c1 THEN
  entry = close
  SELLSHORT 1 CONTRACTS AT MARKET
  ENDIF

  indicator10 = ExponentialAverage[10](close)

  c10 = close CROSSES OVER indicator10
  c11= close <= entry-100
  c12 = close >= entry+100

  if c10 or c11 or c12 THEN
  EXITSHORT AT MARKET
  ENDIF

   

  

  dubbzie

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  11/22/2024 at 1:06 AM #240639
  druby

  One too many zero’s for one of the times in the not onmarket  if statement    1430000 should be 143000

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  dubbzie

  

  druby

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  11/22/2024 at 1:26 AM #240640
  druby

  Because TIME will never reach 1430000, and, it’s AND’ed  in the logic condition of the IF statement, the statement will never be TRUE, so no order will be executed.

  2 users thanked author for this post.

  robertogozzi, dubbzie

  

  druby

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  11/22/2024 at 4:47 PM #240664
  dubbzie

  Thanks,  real rookie mistake _-)

  But: I get identical results for EMA10, EMA20 and EMA50…🤔

  

  dubbzie

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