Adding an Exit Routine to a Script

Author: topcat77

Creation Date: 9/9/2008 1:17 PM

Wealth Lab » Trading Strategies » Adding an Exit Routine to a Script

topcat77

9/9/2008 1:17 PM

How can I add the Bracketed Exit Routine "Long exit at Profit Target with Fixed Stop +Trailing Stop" (from the Entries and Exits menu) to the following script; combing through the literature it seems like I may need to insert it within different sections. Would be v glad for some help

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[CODE]using System;
using System.Collections.Generic;
using System.Text;
using System.Drawing;
using WealthLab;
using WealthLab.Indicators;

namespace WealthLab.Strategies
{
	public class PatternScanner : WealthScript
	{
		private StrategyParameter _period;	
		public PatternScanner()
		{
			_period = CreateParameter("Period", 21, 5, 100, 1);
		}
	
		protected override void Execute()
		{				
			// here's the variable period - could be made to adjust with a slider control
			int period = _period.ValueInt;				
			
			// Generate the LowestBar series for use later
			DataSeries lowBar = LowestBar.Series(Low, period);
			
			// create and plot the RSI
			ChartPane rsiPane = CreatePane(40, true, true);			
			DataSeries rsi = RSI.Series(Close, 14);
			PlotSeries(rsiPane, rsi, Color.Blue, LineStyle.Solid, 2);
			
			// create and plot the BBand
			DataSeries bbL = BBandLower.Series(Close, 20, 2);
			PlotSeries(PricePane, bbL, Color.Gray, LineStyle.Solid, 2);
			
			// let's loop through the bars, showing the previous signals along the way
			for (int bar = Math.Max(14, period); bar < Bars.Count; bar++)
				if (bar == (int)lowBar[bar] && Low[bar] <= bbL[bar])
				{
					// check for divergence - first get the bar of the previous low and color that bar fuchsia
					int prevLowBar = (int)lowBar[bar-2];
					
					// determine the direction
					int sign = Math.Sign(Low[bar] - Low[prevLowBar]);
					int rsiSign = Math.Sign(rsi[bar] - rsi[prevLowBar]);
					
														
					// if the signs are different (divergent), draw some lines and generate a buy signal
					if (sign != rsiSign) 
						
					if( Volume[bar] <= (Volume[prevLowBar]*1.1) )
					// signal counts
							
					if( rsi[bar]-2.5 >= rsi[prevLowBar] )
					// signal counts
								
					{
						SetBarColor(prevLowBar, Color.Fuchsia);							
						DrawLine(rsiPane, bar, rsi[bar], prevLowBar, rsi[prevLowBar], Color.Red, LineStyle.Solid, 2);
						DrawLine(PricePane, bar, Low[bar], prevLowBar, Close[prevLowBar], Color.Red, LineStyle.Solid, 2);
						for (int n = prevLowBar; n <= bar; n++) SetBackgroundColor(n, Color.FromArgb(240, 240, 240));							
						
						// Here's the scan signal
						if (bar == Bars.Count - 1) BuyAtMarket(bar + 1);				
					}
				}			
		}
	}
}[/CODE]

Eugene

9/9/2008 1:52 PM

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[CODE]using System;
using System.Collections.Generic;
using System.Text;
using System.Drawing;
using WealthLab;
using WealthLab.Indicators;

namespace WealthLab.Strategies
{
	public class PatternScanner : WealthScript
	{
		private StrategyParameter _period;	
		public PatternScanner()
		{
			_period = CreateParameter("Period", 21, 5, 100, 1);
		}
	
		protected override void Execute()
		{				
			// here's the variable period - could be made to adjust with a slider control
			int period = _period.ValueInt;				
			
			// Generate the LowestBar series for use later
			DataSeries lowBar = LowestBar.Series(Low, period);
			
			// create and plot the RSI
			ChartPane rsiPane = CreatePane(40, true, true);			
			DataSeries rsi = RSI.Series(Close, 14);
			PlotSeries(rsiPane, rsi, Color.Blue, LineStyle.Solid, 2);
			
			// create and plot the BBand
			DataSeries bbL = BBandLower.Series(Close, 20, 2);
			PlotSeries(PricePane, bbL, Color.Gray, LineStyle.Solid, 2);
			
			// let's loop through the bars, showing the previous signals along the way
			for (int bar = Math.Max(14, period); bar < Bars.Count; bar++)
			{
				if (IsLastPositionActive)
				{
					Position p = LastPosition;
					if (p.EntrySignal.Contains("Group1|"))
					{
						bool Stopped;
						if(p.MFEAsOfBarPercent(bar) >= 4 )
						{
							double profit = Close[bar] - p.EntryPrice;
							profit = Close[bar] - profit * ( 40 / 100.0d );
							Stopped = SellAtTrailingStop( bar + 1, p, profit, "Trailing Stop");
						}
						else
						{
							//{ Dotted line indicates trailing stop trigger level }
							double TStopTrigger = p.EntryPrice * ( 1 + 4/100.0d );
							DrawLine(PricePane, bar - 1, TStopTrigger, bar, TStopTrigger, 
								Color.Gray, LineStyle.Dotted, 0 );
							double StopPrice = p.EntryPrice * ( 1 - 2/100.0d );
							Stopped = SellAtStop( bar + 1, p, StopPrice, "Stop Loss");
						}
						if(!Stopped)
						{
							double ProfitTgt = p.EntryPrice * ( 1 + 8/100.0d );
							SellAtLimit( bar + 1, p, ProfitTgt, "Profit Target");
						}
					}

}
				else
				{
					if (bar == (int)lowBar[bar] && Low[bar] <= bbL[bar])
					{
						// check for divergence - first get the bar of the previous low and color that bar fuchsia
						int prevLowBar = (int)lowBar[bar-2];
					
						// determine the direction
						int sign = Math.Sign(Low[bar] - Low[prevLowBar]);
						int rsiSign = Math.Sign(rsi[bar] - rsi[prevLowBar]);
					
														
						// if the signs are different (divergent), draw some lines and generate a buy signal
						if (sign != rsiSign) 
						
							if( Volume[bar] <= (Volume[prevLowBar]*1.1) )
								// signal counts
							
								if( rsi[bar]-2.5 >= rsi[prevLowBar] )
									// signal counts
								
								{
									SetBarColor(prevLowBar, Color.Fuchsia);							
									DrawLine(rsiPane, bar, rsi[bar], prevLowBar, rsi[prevLowBar], Color.Red, LineStyle.Solid, 2);
									DrawLine(PricePane, bar, Low[bar], prevLowBar, Close[prevLowBar], Color.Red, LineStyle.Solid, 2);
									for (int n = prevLowBar; n <= bar; n++) SetBackgroundColor(n, Color.FromArgb(240, 240, 240));							
						
									// Here's the scan signal
									//if (bar == Bars.Count - 1) 
										BuyAtMarket(bar + 1, "Group1|");				
								}
						}
				}
			}

}
	}
}[/CODE]