"sellshort" in TS4 easy language

["jbclem" <jbclem@xxxxxxxxxxxxx>]

I'm trying to verify an indicator and it won't verify because of the
following words.  I'm supposing that the indicator was written with TS2000i
and I would like to know someone would help me translate this into TS4 easy
language.

"sellshort" is a word not recognized by easy language.  Below is the actual
usage(a part of the formula):

If Time > 1500 and Time < 1515 then begin
If Condition1 = True or Condition4 = true then Buy("LO-L") next bar at
Value2 stop;
If Condition2 = True or Condition5 = true then SellShort("LO-S") next bar at
Value3 stop;
End;


Another word not verifying is "buytocover". As in:

If Time = 1600 then
begin
Sell this bar on Close ;
Buytocover  this bar on Close ;
Condition1 = False;
Condition2 = False;
Condition4 = False;
Condition5 = False;
Condition6 = False;
Condition7 = False;
End;

Another one: "MarketPosition"...error is " position information function not
allowed in a study".  As in:

If Time > 1520 and Time < 1555 then begin
Condition6 = H[0] > H[1] and H[1] > H[2] and H[2] > H[3] and L[0] > L[1]
and L[1] > L[2] and L[2] > L[3];
Condition7 = H[0] < H[1] and H[1] < H[2] and H[2] < H[3] and L[0] < L[1]
and L[1] < L[2] and L[2] < L[3];
If MarketPosition(0) = 1 and OpenPositionProfit < 1 and Condition7 = true
then Sell next bar at L stop;
If MarketPosition(0) = -1 and OpenPositionProfit < 1 and Condition6 = true
then BuyToCover next bar at H stop;
End;

Without checking further I think "OpenPositionProfit" would probably also
generate the above error message.

The complete formula is attached.  It came from TradestationWorld.  Is it
possible to make this work in TS4?

John







{Here is my Strategy for trading the e-mini S&P in the last hour of trading. Set up 5 min bars. It is set up for the East Coast Time. If you are in another zone, you must adjust the code. What do you think?? (A work in progress)}
============================================================================
If Date <> Date[1] then begin
Value1 = Open ;
End ; 


If Time = 1500 then begin
Value2 = Highest(H,3);
Value3 = Lowest(L,3);
End;

If Time = 1500 then begin
If Value2 >= Value1 then Condition1 = True;
If Value3 <= Value1 then Condition2 = True;
Condition4 = H[0] > H[1] and H[1] > H[2] and H[2] > H[3] and L[0] > L[1] 
and L[1] > L[2] and L[2] > L[3];
Condition5 = H[0] < H[1] and H[1] < H[2] and H[2] < H[3] and L[0] < L[1] 
and L[1] < L[2] and L[2] < L[3];

End;


If Time > 1500 and Time < 1515 then begin
If Condition1 = True or Condition4 = true then Buy("LO-L") next bar at Value2 stop;
If Condition2 = True or Condition5 = true then SellShort("LO-S") next bar at Value3 stop;  {subs sellshort with sell}
End;
{=========================================================================================}

If Time = 1600 then
begin
Sell this bar on Close ;
Buytocover  this bar on Close ;  {subs buytocover with buy}
Condition1 = False;
Condition2 = False;
Condition4 = False;
Condition5 = False;
Condition6 = False;
Condition7 = False;
End;

If Time > 1520 and Time < 1555 then begin
Condition6 = H[0] > H[1] and H[1] > H[2] and H[2] > H[3] and L[0] > L[1] 
and L[1] > L[2] and L[2] > L[3];
Condition7 = H[0] < H[1] and H[1] < H[2] and H[2] < H[3] and L[0] < L[1] 
and L[1] < L[2] and L[2] < L[3];
If MarketPosition(0) = 1 and OpenPositionProfit < 1 and Condition7 = true then Sell next bar at L stop;
If MarketPosition(0) = -1 and OpenPositionProfit < 1 and Condition6 = true then BuyToCover next bar at H stop;
End;