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System test using both limit and stop loss orders
Rank: Newbie
Groups: Registered, Registered Users Joined: 5/1/2008(UTC) Posts: 1
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Hi,
My system requires a 2-way exit.
It needs to exit either when a limit (i.e. above market) price is reached, or a Stop loss (below market) is triggered. Both exits should be monitored in parallel by the system.
Both the limit price and the Stop loss price are based on different indicators (require a formula), i.e. The Sell-limit exit is based on the price crossing a certain indicator, while the Sell Stop-loss is inactive initially, and becomes active (at breakeven profit level) if and when the price crosses another indicator.
Problem is, in the system tester sell order window, one can either choose a limit or a stop-loss order with functions, not both, while the "Stops" window offers a basic point / % based stops only.
Can someone tell me if achieving this is within the capabilities of MS version 10.1?
THX, Eli
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Rank: Newbie
Groups: Registered, Registered Users, Subscribers Joined: 5/27/2008(UTC) Posts: 4
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Hi All,
I have exactly the same requirement and have not been able to find a way to do this using system tester. Is anyone aware of a trick I have missed?
Thanks,
Pratik.
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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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As far as I am aware, and I could be wrong; the Enhanced System Tester can only fully exit a trade.
wabbit [:D]
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System test using both limit and stop loss orders
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