Recording Entry Price

[czumwalt]

How would you write the code to record your entry price for use with profit targets, stops, and trailing stops?

[ACM]

czumwalt
What you would do is create a variable called for example EntryPrice and then where you set the doLong/doShort entry command you would also set the EntryPrice for the same value(s).
Then you can use the EntryPrice variable to set stops and/or targets.
A very clear example of this is visible in this thread in JasonK's EFS.
Hope this helps
Alex

[czumwalt]

Ok. Ive got my profit targets working but how do i keep the system from reentering immediatly after the target is reached. After the target has been reached i want to not enter anymore trades until the next day. Is this possible?

[ACM]

czumwalt
The first thing that comes to mind is to create a variable, called TradeFlag for example, that is normally set to 0 but gets switched to 1 once in a trade.
Then you can reset it to 0 at the end of the current session or beginning of the next one.
Alex

[czumwalt]

yes. This is what i have been trying but whenever I add this variable the it stays out of trades completely. I am not very good at coding.

What i was doing was putting a variable at the top called vTargetHit. Whenever a profit target was hit i would enter a line under the trade like this

vTargetHit = 1;

then i would have a line in the code such as
When time of Day = 9:30 then vTargetHit = 0 (to reset at begining of the day)

as a trade condition the variable vTargetHit had to = 0 before we could enter a trade.

When i did all this it kept me out of trades completely.

Any help would be greatly appreciated.

[Doji3333]

This is correct...

Although on important function is missing. You have to turn back on the TradeFlag variable for the next day of trading.

I use time variables to do this for backtesting purposes. like...

var vHour;
var vMin;
var vTime = new Date();
//---------------------------------------------------
//  Get Time Variables 
  vTime = getValue("Time", 0);
  vHour = vTime.getHours();
  vMin = vTime.getMinutes();

var StartHour = 6;
var StartMinute = 30;

if (vHour == StartHour) && (vMin < StartMinute)) {
  TradeFlag = true;  // or ZERO
} 

This will set your "TradeFlag" trigger ON before the market opens (@ 6:30), then your existing entry code will allow it to trade.

You could also use a similar function to allow trading between certain times.... Like this..

//  Trade Time Limit Variables
var vStartHour = 6;
var vStartMin = 30;
var vEndHour = 7;
var vEndMin = 30;
// TradeFlag Reset Time
var StartHour = 6;
var StartMinute = 30;

var vHour;
var vMin;
var vTime = new Date();
//---------------------------------------------------
//  Get Time Variables 
  vTime = getValue("Time", 0);
  vHour = vTime.getHours();
  vMin = vTime.getMinutes();

if (vHour == StartHour) && (vMin < StartMinute)) {
  TradeFlag = true;  // or ZERO
}

 if (((vHour > vStartHour) && (vHour < vEndHour)) || ((vHour == vStartHour) && (vMin >= vStartMin)) || ((vHour == vEndHour) && (vMin <= vEndMin)) ) {  //Within time restrictions

  if (TradeFlag == true) {
    Trade Away..
  }

 } 

Hope this helps..

Brad