Exit Position After X Days?
Author: TheInvis
Creation Date: 8/5/2008 7:56 AM
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TheInvis

#1
A couple of years ago I dedicated a huge amount of time to WL4, and got pretty fluent in coding. However, I just d/l'd WL5 and I can't make heads or tails out of it.

I can't figure out how to tell it to do something simple like "Take profit when it exceeds 1% per day, or close position after 10 days."

What am I missing?
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Eugene

#2
To answer the question in the title (time-based exit):

CODE:
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QUOTE:
I can't figure out how to tell it to do something simple like "Take profit when it exceeds 1% per day, or close position after 10 days."


CODE:
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Cone

#3
Also keep in mind that the Wizard can help you get a handle on simple ideas like this one. See the "Position-Based" condition for "Current open Position is older than a number of bars".
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TheInvis

#4
OF COURSE! Have to reset my monitor so the entire rule description shows... I was only seeing the first word or two.

PLUS, I have to readjust to thinking of Bars instead of Days. (When bars ARE Days that is...)

Thanks guys for your prompt response.