bubba

noticed this a bit ago... made me think of this thread

removed the exit signal which tightened stops when scaling out and applied a standard stop. seems to resolve the glitch. exactly what was happening i'm not sure.

yup - i concede, it's not working properly. will re-visit when time permits. could be my edits to the code tho.. (the setstoploss) this system has the scaling exit signal i posted here previously.

not to be argumentative.. but to investigate your point. here's today's trades from Swansjr's strat. it certainly looks to be handling the contracts appropriately. what am i missing?

I made this exit signal for Tradestion2000i. It allows you to scale out and move stops up. I think it works properly, but welcome suggestions or improvements. Of course, without the contributions from others on this thread, I would have been clueless. I included "Var: counter(0)" from the original code Swansjr provided. What it does exactly, I'm not sure.. The stops are $ values. Targets are Point values. Input: s(1000),s1(100),Target_1(25),Target_2(50), Target_3(100); Variables:Counter(0); If ( MarketPosition = 1 ) Then Begin If ( CurrentContracts = 3) then exitlong ("LT 1") 1 contract next bar at EntryPrice+Target_1 limit else SetStopLoss(s);{inital $ stop} If ( CurrentContracts = 2 ) Then exitlong ("LT2")1 contract next bar at EntryPrice+Target_2 limit else SetStopLoss(s1); {tighter $ stop after 1st target is hit} exitlong ( "LT 3") next bar at EntryPrice+Target_3 limit; end; If ( MarketPosition = -1 ) Then Begin If ( CurrentContracts = 3) then exitshort ("ST 1") 1 contract next bar at EntryPrice-Target_1 limit else SetStopLoss(s); If ( CurrentContracts = 2 ) Then exitshort ("ST2") 1 contract next bar at EntryPrice-Target_2 limit else SetStopLoss(s1); exitshort ( "ST 3") next bar at EntryPrice-Target_3 limit; end;

the updated chart appreciate the help, you 'made' me re-check it

thank you, i actually had caught that error, but found it wasn't the issue. i just now checked the original code that swan had posted and noted that i had a discrepancy. i changed it, and it worked! here it is: for the short contracts i had used- If ( CurrentContracts = -3) then ... but it should be If ( CurrentContracts = 3) then ... seems illogical huh.. told ya ima n00b here's the correct (i believe) code: Input: Price( Close ), sloss(200), LT_Length( 34 ), ST_Length( 13 ), Target_1(25), Target_2(50), Target_3(100); Variables: LT_SMA(0), ST_SMA(0), Counter(0); setstoploss(sloss); LT_SMA = Average( Price, LT_Length ); ST_SMA = Average( Price, ST_Length ); If ( ST_SMA crosses over LT_SMA ) Then Buy ( "Long" ) 3 contracts next bar at market; If ( ST_SMA crosses under LT_SMA ) Then Sell ( "Short" ) 3 contracts next bar at market; If ( MarketPosition = 1 ) Then Begin If ( CurrentContracts = 3) then exitlong ("LT 1") 1 contract next bar at EntryPrice+Target_1 limit else If ( CurrentContracts = 2 ) Then exitlong ("LT2")1 contract next bar at EntryPrice+Target_2 limit else exitlong ( "LT 3") next bar at EntryPrice+Target_3 limit; end; If ( MarketPosition = -1 ) Then Begin If ( CurrentContracts = 3) then exitshort ("ST 1") 1 contract next bar at EntryPrice-Target_1 limit else If ( CurrentContracts = 2 ) Then exitshort ("ST2") 1 contract next bar at EntryPrice-Target_2 limit else exitshort ( "ST 3") next bar at EntryPrice-Target_3 limit; end;

on the left, you can see a long entry, then scaling exits. looks ok.. on the right, a short entry, no scaling, then exits at final target. i'm afraid i don't see the error... **i expect there ISN'T an error - but a limitation with 2000i (or bug) hope i'm wrong

got close but not quite. long positions exit properly i think. shorts dont scale, just exit at final target. Input: Price( Close ), s(200), LT_Length( 34 ), ST_Length( 13 ), Target_1(25), Target_2(50), Target_3(100); Variables: LT_SMA(0), ST_SMA(0), Counter(0),t1(0); setstoploss(s); LT_SMA = Average( Price, LT_Length ); ST_SMA = Average( Price, ST_Length ); If ( ST_SMA crosses over LT_SMA ) Then Buy ( "Long" ) 3 contracts next bar at market; If ( ST_SMA crosses under LT_SMA ) Then Sell ( "Short" ) 3 contracts next bar at market; If ( MarketPosition = 1 ) Then Begin If ( CurrentContracts = 3) then exitlong ("LT 1") 1 contract next bar at EntryPrice+Target_1 limit else If ( CurrentContracts = 2 ) Then exitlong ("LT2")1 contract next bar at EntryPrice+Target_2 limit else exitlong ( "LT 3") next bar at EntryPrice+Target_3 limit; end; If ( MarketPosition = -1 ) Then Begin If ( CurrentContracts = -3) then exitshort ("ST 1") 1 contract next bar at EntryPrice-Target_1 limit else If ( CurrentContracts = -2 ) Then exitshort ("ST2") 1 contract next bar at EntryPrice-Target_2 limit else exitshort ( "ST 3") next bar at EntryPrice-Target_3 limit; end; i'll post a capture for you to see in a sec

re-wrote it a bit to fit 2000i. it may be working. i had thought the scaling targets were monetary settings when i placed it on an ES chart, but i finally figured out it was reading ES points. lol i'll report back if i discover more.. thx bah.. something's not right. oh well, i'll keep fiddling

nope.. it needs edits for 2000i apparently. (i'm very much a self-taught novice) no biggie, it's just i've always wanted to build some systems with scalable profits. i think it could smooth my equity curve a bit, but so far, i just can't prove it.. thanks for your feedback

thanks much.. i'll play with it and see. i use TS 2000i, so my results may vary

well.. let's see, maybe i'm just too slow but... what happens if you enter a long position; you hit 1st target so you now are long 2 contracts then.. you get a signal to enter short position (sell 3 contracts) what's your position now?

just curious.. did the OP resolve this issue? the thread apparently just stopped i've made a few attempts at this (scalable profits), but none lately. it seemed difficult..

thanks for the chart and explanation Suri.. very helpful.