Rank: Newbie
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Joined: 9/5/2011(UTC)
Posts: 5
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Hello guys,
Can you help me find solution to my coding problem? In summary:
Open buy is when:
x or y
now...I would like to close that position in one of two ways("z" or "c") - depending in which way Buy was open...
so for example if "x" was reason for opening Buy, system should close it now only when "z" occurs. And if it was bought with "y" condition "c" must happen to close it.
Any idea how to do it? Metastock has 4 different tabs(one for each transaction). If whole code for system could be written only in one tab(conditions for all Entry/Close order in one listing/page) that would seem possible. Any idea how to do it in Metastock? Maybe it would be easier in VTS addon?
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers, Unverified Users
Joined: 10/28/2004(UTC)
Posts: 3,111
Location: Perth, Western Australia
Was thanked: 16 time(s) in 16 post(s)
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You could use a "simple" PREV based latch, something like: Code:
N1:={entry condition 1};
N2:={entry condition 2};
X1:={exit condition 1};
X2:={exit condition 2};
tr:=
if(prev=0,
if(N1,1,if(N2,2,0)),
if( (prev=1 AND X1) or (prev=2 AND X2), 0, prev)
);
{plot}
tr;
What this code doesn't do though, is deal with the situation when both entry signals occur on the same bar in which case I assume it would be a race to which exit condition triggers first? (Priority is given to N1). Hope this helps. wabbit [:D]
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Rank: Newbie
Groups: Registered, Registered Users, Subscribers
Joined: 9/5/2011(UTC)
Posts: 5
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Thank you wabbit - that is really smart and I would never came to it on my own! :)
Actully my system is more complicated than described(it is not reverse system - at least in second "condition", so it has more variables than 4) but with this idea I think I will figure how to do it one or the other way.
Thanks again!
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