MultiCharts: Trading Software for Automated Trading and Backtesting

Posted: **Apr 30 2012**

Hello, guys,

I try to code a very simple multiple exit signal as below.
Try to exit part of the Long position every time price close below MA50.
The problem I have is that only the first time price close below MA50 will trigger a sell order.(see attached screenshot)

Also I set the POSITION LIMIT to 1,000,000 and ALLOW UP to 10 entry in signal property. So it shouldn't be a problem of executing those order.

Can someone let me know what's wrong with the code:

Code: Select all


vars: MALINE1(0),MALINE2(0);



MALINE1= averagefc(close,200);

MALINE2= averagefc(close,50);



If marketposition=0 and close >  MALINE1 then buy 100000 contracts next bar at market;



if marketposition=1 and Close cross below MALINE2  then

                sell 20000 contracts total next bar at MALINE2 LIMIT;

Posted: **May 01 2012**

Hello Justmake,

When you are using partial exits you can exit with 1 order command only once.
If you need multiple exits – you need to send an individual “sell” command for each partial exit order that you are planning to use with the corresponding amount of contracts.

Posted: **May 01 2012**

Thanks for the reply.
So I revised the code accordingly and add an separate sell command as code below. But it then execute the second sell command at the same bar as first sell command.
How do I code it so the second sell command will be executed when the price cross below MA50 "next time" ?
Please advise.

Code: Select all


vars: MALINE1(0),MALINE2(0);



MALINE1= averagefc(close,200);

MALINE2= averagefc(close,50);



If marketposition=0 and close >  MALINE1 then buy 100000 contracts next bar at market;



if marketposition=1 and close cross below MALINE2  then

begin

                    sell 20000 contracts total next bar at MALINE2 LIMIT;

               sell 20000 contracts total next bar at MALINE2 LIMIT;



end;

Posted: **May 01 2012**

Thanks for the reply.
So I revised the code accordingly and add an separate sell command as code below. But it then execute the second sell command at the same bar as first sell command.
How do I code it so the second sell command will be executed when the price cross below MA50 "next time" ?
Please advise.

I would advise to use a switch statement to submit an order depending on the number of cross-overs (so that the order is executed the next time on the next cross-over).

Perhaps something like the following (untested):

Code: Select all


Variables: 

	MALINE1(0),MALINE2(0), crossOverCounter(0);



MALINE1= averagefc(close,200);

MALINE2= averagefc(close,50);



If (MarketPosition(0) = 0) and (Close > MALINE1)

	then buy 100000 contracts next bar at market;



if (MarketPosition(0) = 1) and (Close cross below MALINE2) then begin



	crossOverCounter = crossOverCounter + 1;

	

	switch (crossOverCounter) begin 

		case 1:

			Sell ("XL 1") 20000 contracts next bar at MALINE2 limit;

			

		case 2:

			Sell ("XL 2") 20000 contracts next bar at MALINE2 limit;

	

		case 3:

			Sell ("XL 3") 20000 contracts next bar at MALINE2 limit;

	

		case 4:

			Sell ("XL 4") 20000 contracts next bar at MALINE2 limit;

			

		case 5:

			Sell ("XL 5") 20000 contracts next bar at MALINE2 limit;

	end;



end;	

	

// Reset variable

if (BarsSinceExit(1) < 3) and (crossOverCounter <> 0) then 

	crossOverCounter = 0;

Btw, these limit orders are only submitted for the next bar when the cross-over is active -- so they will be cancelled on the second bar after the cross-over.

Posted: **May 01 2012**

Thanks Josh! The code is working as expected.
I don't have to keep scratching my head again:)

MultiCharts: Trading Software for Automated Trading and Backtesting

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