Re: old-school easylanguage question

["Philip Lane" <philtronics@xxxxxxxxxxx>]

Thanks SC,

But I don't think this does exactly what I need - or maybe I'm missing the 
point?.  Trying to find a way to lock out additional trades within the bar, 
once the "intended" trade (an exit) has happened.  You would think 
BarsSinceExit or something would do it.  But apparently TS doesn't update 
BarsSinceExit and the like until the "end" of the bar, after the extra trade 
has already happened. Does the Ask. Mr. Easylanguage book cover this kind of 
stuff?
Best regards,
Phil

----- Original Message ----- 
From: "SC" <secaseba@xxxxxxxxxx>
To: "Philip Lane" <philtronics@xxxxxxxxxxx>
Cc: <omega-list@xxxxxxxxxx>
Sent: Friday, December 26, 2008 8:37 PM
Subject: Re: old-school easylanguage question


> Hello Philip,
> My version of the TS4 built in $Risk Stop
> If MarketPosition(0)=1 then ExitLong at MaxPositionProfit(0)-stp limit;
> If MarketPosition(0)=-1 then ExitShort at MaxPositionProfit(0)+stp stop;
>
> You should be able to add your AvgTrueRange calc. into the stp amount.
> Best regards
> SC
>
> PL> How to prevent a round trip on a stops on a daily bar?  I can't 
> remember the
> PL> trick.  Barssinceentry doesn't do it.
> PL> Here's a picture and some code:
> PL> http://www.gigascanner.com/002.gif
> PL> {if (in=0 or in=-1) then begin}
> PL> buy ("long") 10000/c shares value17 stop;
> if (high >>= value17) then in=1;
> PL> if (in=1 and barssinceentry>1) then exitlong
> PL> value17/(1+factor*AvgTrueRange(5)/100) stop;
> PL> if (low <= value17/(1+factor*AvgTrueRange(5)/100) and 
> barssinceentry>-1)
> PL> then in = 0;
> PL> Thank you,
> PL> Phil