MultiCharts: Trading Software for Automated Trading and Backtesting

Hi,

I am new to EasyLanguage, I have some logic that determines when to long (as below), and would like to also place the entry price at that bar (since order label cannot be dynamic).

However, the text is placed on every bar after the condition is true, which makes me really puzzled

Order is not entered multiple times though.

Is that because my max position is 1?

Or somehow because Text_New is a series function?

Sorry if this sounds very primitive.

Thanks!



if Close crosses over UpperBand then
Buy ( "SVE Vol LE" ) next bar market ;
Value2 = Text_New(Date, Time, Low, NumToStr(EntryPrice, 0));

...because your text instruction was for every bar.

you should code it this way:


ps:
[FAQ] How to Post Codes (that people can read)
viewtopic.php?f=16&t=11713

I did have begin-end block as per your suggestion, my mistake in the original posting.

It is still printing entry price multiple times, maybe it is because the strategy has max 1 position, and that's why the cross over condition is actually satisfied multiple times, but still only 1 entry always?

Another point is, this logic says buy at next bar, so would it know the entry price at this bar?

You could always qualify your condition as follows:
In this way, it would only place the text when you place your order to buy, and no time while it is open.

Another point is, this logic says buy at next bar, so would it know the entry price at this bar?

EntryPrice will be available only at next calculation (next close by default) after entry order is filled and entry price is returned by your broker to MC.