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Ok, I expressed the entry positions as "buy" and "sell" and clicked
on "don't use the exit positions" for each position and my system
produces buy and sell trades but doesn't plot any "exit" positions.
This looked incorrect at first glance (where are the exits?)
however looking at the Trade by Trade report I see that in fact
these positions were exited, they just weren't plotted with exit
arrows!
Exit arrows are only plotted when Stops are in effect.
This, and the fact that to make it work you have to turn OFF the
exit criteria seems totally counterintuitive to me. Easier to code
but it isn't clear what's going on until you look at the report.
So now my system completely works with entry/exit on both the long
and short side and Stops to limit mistakes. See the report below...
Thanks again for the help!
- Hacker
DH CCI Avg Crossover Standard & Poor'S Dep Recei-Daily 01/02/97
- 06/12/98
Performance Summary: All Trades
Total net profit $ 2112.30 Open position P/L $
0.00
Gross profit $ 2232.20 Gross loss $
-119.90
Total # of trades 48 Percent profitable
81%
Number winning trades 39 Number losing trades 9
Largest winning trade $ 229.80 Largest losing trade $
-20.30
Average winning trade $ 57.24 Average losing trade $
-13.32
Ratio avg win/avg loss 4.30 Avg trade(win & loss) $
44.01
Max consec. winners 12 Max consec. losers 3
Avg # bars in winners 1 Avg # bars in losers 1
Max intraday drawdown $ -471.90
Profit factor 18.62 Max # contracts held 100
Account size required $ 471.90 Return on account
448%
Performance Summary: Long Trades
Total net profit $ 1408.60 Open position P/L $
0.00
Gross profit $ 1453.70 Gross loss $
-45.10
Total # of trades 24 Percent profitable
88%
Number winning trades 21 Number losing trades 3
Largest winning trade $ 229.80 Largest losing trade $
-17.10
Average winning trade $ 69.22 Average losing trade $
-15.03
Ratio avg win/avg loss 4.60 Avg trade(win & loss) $
58.69
Max consec. winners 8 Max consec. losers 2
Avg # bars in winners 1 Avg # bars in losers 2
Max intraday drawdown $ -471.90
Profit factor 32.23 Max # contracts held 100
Account size required $ 471.90 Return on account
298%
Performance Summary: Short Trades
Total net profit $ 703.70 Open position P/L $
0.00
Gross profit $ 778.50 Gross loss $
-74.80
Total # of trades 24 Percent profitable
75%
Number winning trades 18 Number losing trades 6
Largest winning trade $ 145.30 Largest losing trade $
-20.30
Average winning trade $ 43.25 Average losing trade $
-12.47
Ratio avg win/avg loss 3.47 Avg trade(win & loss) $
29.32
Max consec. winners 6 Max consec. losers 1
Avg # bars in winners 1 Avg # bars in losers 1
Max intraday drawdown $ -325.00
Profit factor 10.41 Max # contracts held 100
Account size required $ 325.00 Return on account
217%
Begin forwarded message:
Resent-Date: Fri, 12 Jun 1998 20:44:15 -0700 (PDT)
Date: Sat, 13 Jun 1998 00:41:19 -0300
From: "A.J. Carisse" <carisse@xxxxxxxxxxx>
X-Mailer: Mozilla 4.03 [en] (Win95; U)
To: Omega List <omega-list@xxxxxxxxxx>
Subject: Re: This is *wierd*
X-Info: Brunswick Micro Systems, (800) 561-4124
Resent-From: omega-list@xxxxxxxxxx
X-Mailing-List: <omega-list@xxxxxxxxxx> archive/latest/19205
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Resent-Sender: omega-list-request@xxxxxxxxxx
Dark Hacker wrote:
> How do you folks handle closing the positions when both long and
> short positions are used in the same system? It seems to me that
> the above strategy *should* work, but Supercharts doesn't like it.
As long as the criteria are expressed as "buy" and "sell," the system
will automatically reverse the position. If you want to just play one
side or the other, you would use "exitlong" or "exitshort."
If you end up not ever getting a closed position, then the problem must
be that your exit or exit/reverse criteria has not been met. This can
happen easily if you have made an error in the code. If this is
happening with a canned system, then this would be strange - try it with
*all* the default settings and it should work - then - add other stuff
one at a time and see what is screwing it up.
Regards,
A.J.
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