Newbie Question About Backtesting

[jphillips9]

I've reviewed the help and online files and still can't seem figure something out.

I wrote a study successfully - works like it should. But, when i put in to part for the stops and the target i keep getting a syntax error.

Once the study triggers I want to put a 2 point stop in AND then close my short position out 9 bars later.

Would someone please help me word this in the formula wizard?

I would assume that i would have to have this -

{{EFSWizard_Actions
//{{EFSWizard_Action_1
function onAction1() {
Strategy.doShort("", Strategy.CLOSE, Strategy.THISBAR, Strategy.DEFAULT, 0);
Strategy.setStop(2);
Strategy.doCover("", Strategy.CLOSE, Strategy.THISBAR, Strategy.DEFAULT, 0);
vLastAlert = 1;
}

It's what variables to put in these sections that I'm not sure of

Thanks
Jphillips

[ACM]

Re: Newbie Question - How to set Stop & Target

Jphillips
You will not be able to do what you want using the Formula Wizard alone as the logic would require the use of global variables that the Formula Wizard cannot create. You need to write the logic using the Editor.
If you run a search in these forums you will find several code examples of the logic you are trying to implement or at least similar enough that you can adapt to your needs with relative ease. In this post for example you can find a script that sets a stop and a target price for use with a strategy. In this other thread you can find a script that will close a trade after a defined number of days/bars.
Also you may want to review the Back Testing Tutorials 1-3 which are provided in the Help Guides and Tutorials-> Beginner Tutorials folder of the EFS KnowledgeBase. These tutorials will provide you with most of the information (including detailed code examples) required to set up a back testing strategy
Alex

Originally posted by jphillips9
I've reviewed the help and online files and still can't seem figure something out.

I wrote a study successfully - works like it should. But, when i put in to part for the stops and the target i keep getting a syntax error.

Once the study triggers I want to put a 2 point stop in AND then close my short position out 9 bars later.

Would someone please help me word this in the formula wizard?

I would assume that i would have to have this -

{{EFSWizard_Actions
//{{EFSWizard_Action_1
function onAction1() {
Strategy.doShort("", Strategy.CLOSE, Strategy.THISBAR, Strategy.DEFAULT, 0);
Strategy.setStop(2);
Strategy.doCover("", Strategy.CLOSE, Strategy.THISBAR, Strategy.DEFAULT, 0);
vLastAlert = 1;
}

It's what variables to put in these sections that I'm not sure of

Thanks
Jphillips

[jphillips9]

Thank You Alex

[ACM]

Jphillips
You are most welcome
Alex

Originally posted by jphillips9
Thank You Alex