Exit coding

[mary1]

Hi, anyone knows how to code a exit on the first close above entry price?

[Jose]

Try adapting this indicator code to your own needs:

---8<----------------------------------------

{ Example entry signal - 1st bar of month }
NewMonth:=Month()<>Ref(Month(),-1) OR Cum(1)=2;
entry:=NewMonth;
EntryPrice:=ValueWhen(1,entry,C);

{ Exit signals }
exit:=C>EntryPrice;

{ Remove redundant signals }
init:=Cum(IsDefined(entry+exit))=1;
bin:=ValueWhen(1,entry-exit<>0 OR init,entry);
Entry:=bin*(Alert(bin=0,2)
OR entry*Cum(entry)=1);
Exit:=(bin=0)*(Alert(bin,2)
OR exit*Cum(exit)=1);

{ Plot signals in own window }
Entry-Exit

---8<----------------------------------------


jose '-)

[mary1]

Hello Jose I wanted to implement the first close exit in system tester. The exit maybe the next bar or few bars from entry when the close successfully close above the entry price of the initial trade.

[Jose]

Mary, don't waste any time on the System Tester - use TradeSim.


jose '-)

[mary1]

Hello Jose, understand your point. Tradesim is far superior than the Ms tester. But wanted to optimise on some variable and trade sim does not support optimisation. How can the your exit be adapted for tester? Tried adapt the code but when exit price is inconsistent.

[Jose]

Sorry, Mary - but the posted code is all I can help with.

jose '-)