Easy Language Problem

AllenW · Dec 30, 2003

I'm testing a Breakout system on 30 min. bars and trying to incorporate a Trailing $Stop.

My problem is when the Stop is elected the program immediately reinitiates the trade at the Stop price or Open. Am I missing or not understanding something?? Allen

Input: Sig(2), RangeBegin(0830), DayClose(1630), TR(500);
Vars: Hi(0), Lo(99999), LS(0), SS(0);
If time = RangeBegin then begin
Hi = 0;
Lo = 99999;
end;
If time = RangeBegin then begin
Hi = High;
Lo = Low;
LS = Hi + Sig; SS = Lo - Sig;
end;
If time >= RangeBegin and time < DayClose then begin
Buy at LS point Stop;
Sell at SS point Stop;
SetStopPosition; SetDollarTrailing(TR);
end;
If Time = DayClose and Marketposition <> 0 then begin
ExitLong this bar on Close;
ExitShort this bar on Close;
end;

balda · Dec 30, 2003

If someone could code this:

Buy at highest high of last 6 bars.
Sell at lowest low of last 6 bars.

Exit long at lowest low of last 4 bars.
Exit short at highest high of last 4 bars.

I'd really appreciate it.

thank you,

alex

market_man76 · Dec 30, 2003

AllenW.. it looks like you probably need to use a Flag(s).

maybe add: flag(0); to variable declarations at the beginning.

then initiate it in the code:
flag=0;

then on the buy condition check that flag<1 and if it is, then set flag=1; then buy order.

then on the short condition check that flag>-1 and if it is, then set flag=-1; then sell order.

----------

or something similar may work.

market_man76 · Dec 30, 2003

Quote from balda:

If someone could code this:

Buy at highest high of last 6 bars.
Sell at lowest low of last 6 bars.

Exit long at lowest low of last 4 bars.
Exit short at highest high of last 4 bars.

I'd really appreciate it.

thank you,

alex

I would try to use the lowest(low,4) and highest(high,4) functions.

Volker Knapp · Dec 30, 2003

Quote from balda:

If someone could code this:

Buy at highest high of last 6 bars.
Sell at lowest low of last 6 bars.

Exit long at lowest low of last 4 bars.
Exit short at highest high of last 4 bars.

I'd really appreciate it.

thank you,

alex

Here is your system. You can test on EOD data on one symbol or you can also test it on a portfolio on the same web site. To test it on ID data you would need the desktop software. http://www.wealth-lab.com/cgi-bin/WealthLab.DLL/editsystem?id=24550 Just key in a symbol. Created with drag and drop.

Volker Knapp · Dec 30, 2003

Quote from AllenW:

I'm testing a Breakout system on 30 min. bars and trying to incorporate a Trailing $Stop.

My problem is when the Stop is elected the program immediately reinitiates the trade at the Stop price or Open. Am I missing or not understanding something?? Allen

Input: Sig(2), RangeBegin(0830), DayClose(1630), TR(500);
Vars: Hi(0), Lo(99999), LS(0), SS(0);
If time = RangeBegin then begin
Hi = 0;
Lo = 99999;
end;
If time = RangeBegin then begin
Hi = High;
Lo = Low;
LS = Hi + Sig; SS = Lo - Sig;
end;
If time >= RangeBegin and time < DayClose then begin
Buy at LS point Stop;
Sell at SS point Stop;
SetStopPosition; SetDollarTrailing(TR);
end;
If Time = DayClose and Marketposition <> 0 then begin
ExitLong this bar on Close;
ExitShort this bar on Close;
end;

Boy I am having difficulties to read the EL code. Is this a 30 minute break out system?

mmillar · Dec 30, 2003

Use the 'EntriesToday(date)' function to limit the number of trades you do in a day.

AllenW · Dec 30, 2003

Thank you for the Flag suggestion--I'll try it this afternoon.

Sorry if my coding doesn't flow-------just getting my feet wet with this programming stuff.

and yes, I have already tried the EntriesToday function and it didn't correct the problem.

Allen

Volker Knapp · Dec 30, 2003

Quote from AllenW:

Thank you for the Flag suggestion--I'll try it this afternoon.

Sorry if my coding doesn't flow-------just getting my feet wet with this programming stuff.

and yes, I have already tried the EntriesToday function and it didn't correct the problem.

Allen

Asking again is it the 30 minute breakout system?

dougcs · Dec 31, 2003

Input: Entrybars(6), Exitbars(4);
var: LE(0), LX(0), SE(0), SX(0);

le = highest(high, entrybars);
se = lowest(low, entrybars);
lx = lowest(low, exitbars);
sx = highest(high, exitbars);

buy next bar at le stop;
sell short next bar at se stop;

sell next bar at lx stop;
buy to cover next bar at sx stop;

DS