I want to enter in trade based on exit reason

AFL Programming
1

exitreason= buy=sell=0;

buy1= C > MA(C,20);
Buy=buy1 or (buy1 and exitreason==2 and c > ma(c,200) and rsi(14) > 60) ;

Sell1= C < MA(C,20));
sell2= C < MA(C,200));
sell= sell1 or sell2 ;
exitreason=iif(sell1==1,1,2);

I want to Buy if buy1 is true and exit on sell 1 or sell2 but if i exited by sell2 condition i want to enter only when buy1==1 and c > ma(c,200) and rsi(14) > 60

can anybody help me in above code

2

@Rakesh_Lala, on quick inspection of your code (next time try to post your code using the code blocks </>)...

I think you are close, try this untested

Buy = (buy1 and exitreason ==1) or (buy1 and   exitreason==2 and c > ma(c,200) and rsi(14) > 60) ;

You may have to set exitreason to an initial value at the start or your code.

3

it gives error exitreason used without initialization

4

Just rearrange your code so that the Sell and exitreason logic is above the Buy logic.

1 Like
5

what do you mean by rearrange ?

6

I mean change the order of the lines of text in your AFL file so that the Sell logic is evaluated before the Buy logic.