Help to code my trade strategy
Author: ashish.mascot
Creation Date: 7/3/2011 12:01 AM
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ashish.mascot

#1
Dear Community members can any one help me to code below strategy:

Buy Rule:
1. Multiple open positions are allowed
2. Buy if price fell by Y% from the pervious open position any total number of open positions is not greate than z.

Sell Rule:
1. Sell if open position reach the profit target a% or position is 30 bars old

Thanks in advance :)
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Eugene

#2
Hi Ashish,

You could do it in Rule wizard entirely but one key element is missing: the buy condition. How do you enter the first open position?
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ashish.mascot

#3
Hi Eugene,

Thanks for your response

Below is the updated strategy (Added first buy conndition as well).

Buy Rule:
1. Buy the first bar at close.
2. Buy if price fell by Y% from the pervious open position and total number of open positions is not greate than z.
3. Multiple open positions are allowed

Sell Rule:
1. Sell if open position reach the profit target a% or position is 30 bars old.

Thanks and Regards,
Ashish

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Eugene

#4
Here you go.

If all positions are closed, strategy makes a reentry at the next day's close.

CODE:
Please log in to see this code.
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ashish.mascot

#5
Hi Eugene,

Thanks a lot for the code. Its working 90% as per my specification. I make a small change in my sell rule. Can you please help me with the code.

Sell Rule:
1. Sell if open position reach the profit target a% or Latest Open position is 30 bars old.

It will be great if you tell me the Entry and Exit conditions you use in "Rule wizard".

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Eugene

#6
I'm not using Rules.

What is the difference between "open position" and "latest open position"?