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Thanks Mike,
for your in depth explanation !
Ulrich
Mike G wrote:
>>The "EasyLanguage User´s Manual" says on page 102:
>"... EXITLONG or EXITSHORT can be hit only once for *** each instance
>>*** of an entry."
>>
>
>This is true. It's very frustrating.
>
>As Hans mentioned, you can regulate how many contracts to take off with an "ExitLong n contracts total" statement, but
>unfortunately, you can only use that particular exit order ONCE within a position. Once it has been used, it simply won't operate
>again to take you out of any more.
>
>This means that to scale out of a position you have to have MULTIPLE exitlong orders - one for each possible "lightening up". Then
>you have to keep track of which ones have been used up, and and which ones to fire next.
>
>Taken together with the one bar delays in the position tracking functions, such as MarketPosition, etc, it really is beyond the
>reach of EL to handle this very well.
>
>I don't understand why "exitlong" cannot be re-used in a fashion similar to "Buy", but for some reason, that's the way it is.
>
>I have mentioned this to Omega sometime in the past, and I'm hopeful that it'll be altered in TS 2000i, but I'm not really
>expecting it to be.
>
>BTW, anybody know what the "i" in 2000i might stand for?
>
>Regards,
>
>Mike G.
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