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I would like to code Metastock to exit part of the position if a certain profit threshold is attained whether in % or $ terms.
Can anyone help please?
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Rank: Advanced Member
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Try something like :
Buy:={Buy Formula};
C-ValueWhen(1,Buy,C) >= 10 {for 10 dollars for example }
This only works if your buy condition is like a cross or similar ...
Post these types of Questions in our Plug ins and Formulae section ...
Patrick :mrgreen:
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Rank: Member
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Thank you for the reply.
I tried something like you mentioned already only that will allow me to exit the totality of the position once a $10 profit is reached (from your example).
What I would like to do is sell only half of my position and keep the other half to trail with a volatility based trailing stop for example.
Is this possible using code from MS. I think I would need to reference cost of the transaction at purchase date and then once this cost has increased by a certain % or $ amount sell half of the position.
Only I'm not sure how to do this...
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Rank: Advanced Member
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Joined: 9/8/2004(UTC)
Posts: 2,266
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Well you will notice I start a lot of project and it takes me a while to complete them but what you are describing is part of the system tester simulation functions I'm planning on creating ... If you can wait another month then I will most likely have the perfect solution for you ...
Patrick :mrgreen:
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Rank: Member
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I do not have a problem with waiting another month or so as I am unable to code what I described earlier anyway.
I do really appreciate the effort though.
Where will I find the answer. Do I have to check in a particular forum or something?
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 9/8/2004(UTC)
Posts: 2,266
Was thanked: 1 time(s) in 1 post(s)
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It will be in the forum dll section ... Just check it every once in a while but chances are that I will make an announcement when this project is done :D
Patrick :mrgreen:
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Rank: Newbie
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Posts: 4
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Hi All,
Is anyone aware of a solution to this question that was posted back in 2005? Looking for a way to exit half of the position based on one exit rule and the other half based on a second exit rule in system tester. Patrick had mentioned some sort of solution in Forum DLL.
Thanks,
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