Hi Friends,
I want to scaleout position 3 times when target1, target2, target3 hits and finally if target4 hits want to exit from position.
I'm just testing for one ticker but getting error, details logs shows wrong position/ insufficient balance.
I'm also interested to know how the trade entry will look like one trade for all four partial trades and what would be entry and exit price etc.
Please help me
Thanks
// code for auto backtesting.
inTrade=False;
stopLossLine=0;
SignalType=0;
TradeSignal=0;
exit =0;
idr =abs(SLLineF-EntryLine);
target1 =0;
target2 =0;
target3 =0;
target4 =0;
bp=0;
sp=0;
Buy=Null;
Sell=Null;
Short=Null;
Cover=Null;
BuyPrice=0;
SellPrice=0;
ShortPrice=0;
CoverPrice=0;
for( i = 0; i < BarCount; i++ )
{
if(newDay[i]==True)
{
inTrade=False;
exit =0;
target1 =0;
target2 =0;
target3 =0;
target4 =0;
stopLossLine=0;
bp=0;
sp=0;
}
if(Buy_cond_F[i]==True AND inTrade ==False AND TradeSignal==0)
{
SignalType=9;
}
else if(Short_cond_F[i]==True AND inTrade ==False AND TradeSignal==0)
{
SignalType=19;
}
// buy code here
if(SignalType==9 AND High[i] >EntryLine[i] AND TradeSignal==0 AND exit==0 AND inTrade==False)
{
Buy[i]=True;
bp=BuyPrice[i]=EntryLine[i];
inTrade=True;
TradeSignal=10;
idr_temp=idr[i];
target1 =bp+idr_temp;
target2 =bp+(idr_temp*2);
target3 =bp+(idr_temp*3);
target4 =bp+(idr_temp*4);
stopLossLine =SLLineF[i];
}
else if (exit==0 AND TradeSignal==10 AND High[i] >= target1)
{
exit = 1;
Buy[ i ] = sigScaleOut;
BuyPrice[i]=target1;
}
else if (exit==1 AND TradeSignal==10 AND High[i] >= target2)
{
exit = 2;
Buy[ i ] = sigScaleOut;
BuyPrice[i]=target2;
}
else if (exit==2 AND TradeSignal==10 AND High[i] >= target3)
{
exit = 3;
Buy[ i ] = sigScaleOut;
BuyPrice[i]=target3;
}
else if (exit==3 AND TradeSignal==10 AND High[i] >= target4)
{
exit = 4;
Buy[ i ] = 0;
Sell[i]=exit+1;
SellPrice[i]=target4;
}
else if (TradeSignal==10)
{
if (Low[i] < stopLossLine AND exit==0 AND TradeSignal==10 )
{
Sell[i] =exit+1;
SellPrice[i]=stopLossLine;
TradeSignal=0;
}
else if (Low [i] <bp AND exit >=1 AND TradeSignal ==10)
{
Sell[i] =exit+1;
SellPrice[i]=bp;
TradeSignal=0;
}
}
//buy code end here
//sell code
if(SignalType==19 AND Low[i] <EntryLine[i] AND TradeSignal==0 AND exit==0 AND inTrade==False)
{
Short[i]=True;
sp=ShortPrice[i]=EntryLine[i];
inTrade=True;
TradeSignal=20;
idr_temp=idr[i];
target1 =sp-idr_temp;
target2 =sp-(idr_temp*2);
target3 =sp-(idr_temp*3);
target4 =sp-(idr_temp*4);
stopLossLine =SLLineF[i];
}
else if (exit==0 AND TradeSignal==20 AND Low[i] <= target1)
{
exit = 1;
Short[ i ] = sigScaleOut;
ShortPrice[i]= target1;
}
else if (exit==1 AND TradeSignal==20 AND Low[i] <= target2)
{
exit = 2;
Short[ i ] = sigScaleOut;
ShortPrice[i]= target2;
}
else if (exit==2 AND TradeSignal==20 AND Low[i] <= target3)
{
exit = 3;
Short[ i ] = sigScaleOut;
ShortPrice[i]= target3;
}
else if (exit==3 AND TradeSignal==20 AND Low[i] <= target4)
{
exit = 4;
Short[ i ] = 0;
Cover[i]=exit+1;
CoverPrice[i]=target4;
}
else if (TradeSignal==20)
{
if (High[i] > stopLossLine AND exit==0 AND TradeSignal==20 )
{
Cover[i] =exit+1;
CoverPrice[i]=stopLossLine;
TradeSignal=0;
}
else if (High [i] >sp AND exit >=1 AND TradeSignal ==20)
{
Cover[i] =exit+1;
CoverPrice[i]=sp;
TradeSignal=0;
}
}
}
sl_amount =1000;
position_size = IIf(Buy==1 OR Short==1 , floor(sl_amount/idr), Null) ;
SetPositionSize( position_size, spsShares );
SetPositionSize( 25, spsPercentOfPosition * ( Buy == sigScaleOut OR Short ==sigScaleOut) ); // scale out 25% of position
Error msg.
Debug logs
