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EST - Order Buy & Sell on the Same Day !!!
Rank: Newbie
Groups: Registered, Registered Users, Subscribers Joined: 11/14/2007(UTC) Posts: 9 Location: Melbourne, Australia
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Can someone please let me know how I can stop the EST to give me BUY and SELL Signals on the Same Day ?
Here are my System Test Parameters:
Buy Order: LinRegSlope(Mov(C,130,E),10 ) >= 0.005 AND Cross(Stoch(5,3),20)
Stop: LLV(L,20)+2*ATR(10)
Number of Units: equity:=Simulation.AccountCash+Simulation.AccountBorrowed+Simulation.PortfolioValue+Simulation.AccountReserved; (equity*.02)/(C-LLV(L,5))
Sell Order: C< Fml( "AA JB Volatility Trailing Stop") AND Ref(C,-1) < Ref( Fml( "AA JB Volatility Trailing Stop"),-1)
I think what's happening is that when the Buy Order is executed, the conditions for the Sell Order are also met hence I get the situation where the EST is placing an Buy and a Sell on the same bar !
Is there any way I can prevent this from happening in the EST or do I have to use a formula in the Buy Order to prevent this - e.g. put another condition in the Buy Order - C > "AA JB Volatility Trailing Stop" mentioned above ??
Any help would be greatly appreciated.
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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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Rank: Newbie
Groups: Registered, Registered Users, Subscribers Joined: 11/14/2007(UTC) Posts: 9 Location: Melbourne, Australia
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Thanks Wabbit - but it hasn't really helped me.
I think I might have to use a "latch" of some sort - which I've been dreading because I now have to spend some time understanding how they work !
Oh well - you learn something new every day.
One question I do have is can you use latches in the EST or are they a stand alone Expert Advisor ?
Any help pointing me in the direction of understanding latches will be greatly appreciated.
blueboy65
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Rank: Newbie
Groups: Registered, Registered Users, Subscribers Joined: 11/14/2007(UTC) Posts: 9 Location: Melbourne, Australia
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OK - for future reference on those who have similar problems to myself here's how I got around the problem:
1. Used a latch - "Trade Signals V4.0" found at metastocktools.com, Coded the Buy and Sell signals with this code - with slight modifications to run in EST - ie. remove the INPUT variables.
2. Followed the instructions on "Sprunger_Guide_to_MS.doc" as recommended by Wabbit above (yes Wabbit - you were indeed right...how foolish of me to even contemplate otherwise - my hat off to you !)
...Bob's your uncle ! I'm finally getting all the signals in the right places !
blueboy65
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EST - Order Buy & Sell on the Same Day !!!
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