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>Can anyone tell me what is wrong with this code. I keep getting exits with
>much larger losses than $1000 on S&P contracts. I'd appreciate the help.
>
>If marketposition = 1 and OpenPositionProfit < -1000 then exitlong
>("StopL");
>If marketposition = -1 and OpenPositionProfit < -1000 then exitshort
>("StopS");
Are you using daily bars? I believe TS executes these orders at the
close of a bar. If your loss is more than $1000 at the close, it
exits. If you want to exit somewhere in the middle of a bar, you
need to add a stop or limit price to the order.
A better way would be to set a "money management stop" - see the
StopLoss signal. You do it like this:
SetStopContract;
SetStopLoss(1000);
Then any open contract will exit at $1000 loss. If you used
SetStopPosition beforehand instead, then any open position will exit at
$1000 loss even if the position is made of multiple contracts.
--
,|___ Alex Matulich -- alex@xxxxxxxxxxxxxx
// +__> Director of Research and Development
// \
// __) Unicorn Research Corporation -- http://unicorn.us.com
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