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bumblebee

Position Management Code for TS

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Hey Folks,

Does anyone know where I can find some code to do this: (in easy language)

 

a position on limit order, initial stop loss, 3 different targets, trigger of "stop loss change" to "break-even", with or without factor setting, at hit of a target, option to set the triggered "stop loss change" to be a "trailing stop loss".

 

thanks!

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Hey Folks,

Does anyone know where I can find some code to do this: (in easy language)

 

a position on limit order, initial stop loss, 3 different targets, trigger of "stop loss change" to "break-even", with or without factor setting, at hit of a target, option to set the triggered "stop loss change" to be a "trailing stop loss".

 

thanks!

 

 

if you write out your thoughts one line at a time... (instead of a blurb)

you might be able to see your code hidden in there.

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hmmmm well lets see.. I am not a coder at all, never was and never will be. But lets see how it goes..

 

ask user for position variable,

place position as limit order,

ask user for stop loss,

set initial stop loss,

ask user for up to 3 different targets,

ask user for each target if there is a need to trigger a stoploss action,

if trigger needed move stop loss to breakeven with the option of adjusting factor variable,

or

if trigger needed change stoploss to trailing stoploss with the option of adjusting factor variable.

 

 

i tried...

 

anyone?????

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Ihave also found this, but it just spits out a bunch of errors when i hit compile... any ideas? Im pretty sure this is what I am after.. thanks guys!

 

 

// START Trading Strategy Study EasyLanguage Code

 

[intrabarOrderGeneration = false]

inputs:

ShareOrPosition( 1 ), { pass in 1 for per share basis, 2 for position basis }

ProfitTargetAmt( 5 ), { pass in 0 if you don't want a profit target }

StopLossAmt( 1 ), { pass in 0 if you don't want a stop loss }

BreakevenFloorAmt( 0 ), { pass in 0 if you don't want a breakeven stop }

DollarTrailingAmt( 0 ), { pass in 0 if you don't want a dollar trailing stop }

PctTrailingFloorAmt( 0 ), { pass in 0 here and/or in next input if you don't want

a percent trailing stop }

PctTrailingPct( 0 ), { pass in 0 here and/or in previous input if you don't want

a percent trailing stop; else pass in XX for XX percent }

ExitOnClose( false ) ; { pass in true if you want to exit the position at the

close of the day, else pass in false. CAUTION: We recommend that you set this to

TRUE only for back-testing, if at all; in automated execution, the exit order

will NOT be filled at the close of the day; instead, the order can be sent into

the extended session as a limit order. }

 

if ShareOrPosition = 1 then

SetStopShare

else

SetStopPosition ;

 

if ProfitTargetAmt > 0 then

SetProfitTarget( ProfitTargetAmt ) ;

if StopLossAmt > 0 then

SetStopLoss( StopLossAmt ) ;

if BreakevenFloorAmt > 0 then

SetBreakeven( BreakevenFloorAmt ) ;

if DollarTrailingAmt > 0 then

SetDollarTrailing( DollarTrailingAmt ) ;

if PctTrailingFloorAmt > 0 and PctTrailingPct > 0 then

SetPercentTrailing( PctTrailingFloorAmt, PctTrailingPct ) ;

if ExitOnClose = true then

SetExitOnClose ;

 

 

// END Trading Strategy EasyLanguage Code

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Hi bumblebee:

 

a) Recompile your code and review the error messages. See, if you can determine the error on your own and if not then post the error messages on the forum and ask for help.

 

b) I had a difficult time following your sequence of operation because it appears that you are trying to specify entry & exit conditions but the code you provided only exits the market, once the conditions in the code are satisfied and marketposition <> 0.

 

c) Perhaps further clarifying your objective will be helpful as Tams suggested, however you might want to print-out a simple chart; attach some notes ie enter on this trigger(s), qty x limit order at this price level; stop(s) at this price level(s); profit target(s) this level(s). Scan the document and post.

 

I doubt anyone will write the code for you but perhaps someone will share some code; help you edit your work; or provide a link.

 

Based on my understanding of what you outlined .... this code will not meet your objective.

 

RANGER

Edited by Ranger
error in posting

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hmmmm well lets see.. I am not a coder at all, never was and never will be. ...

 

don't waste your time... call up a professional programmer.

you will be up and running faster (ie make real money).

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Ihave also found this, but it just spits out a bunch of errors when i hit compile... any ideas? ....

 

...let me check my crystal ball for your error messages, will get back to you soon.

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Hi Ranger,

 

Thank you for taking the time to respond with some thought. The sample code above does suffice my needs, as my initial thoughts were not exact.

 

Anyhow, I have it working at the moment with the help of my broker as I really have no time to fiddle with code...

Apparently they value my business.

 

Best Regards, BB

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it has such a fast mouth and nothing else.

 

TAMS has 936 "else" = Thanks from Sep 2008 for his usefull posts.

 

936 + 1 " for free ;) " from me now for his sens of humour = 937

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Hi Ranger,

 

Thank you for taking the time to respond with some thought. The sample code above does suffice my needs, as my initial thoughts were not exact.

 

Anyhow, I have it working at the moment with the help of my broker as I really have no time to fiddle with code...

Apparently they value my business.

 

Best Regards, BB

 

then why are you posting your question in the coding forum ? LOL

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There is an update coming from TS that will make order placement and modification much more precise:

 

Important news for TradeStation Open Platform Developers

 

Traders in today’s volatile markets demand access and the ability to instantly act on information. Imagine being able to automatically monitor market depth and be alerted, or even place a trade, the moment your rule or trigger is met. Or having your trading platform monitor your open positions, and continuously perform risk assessments, so that in a fast market downturn, or upturn, the appropriate action will automatically be taken.

 

 

 

Introducing TradeStation 9.0 Beta, powered by EasyLanguage. We’ve extended our award winning ability to analyze bar and quote data by giving traders like you the ability to react to market depth, account, position, and order updates, the instant they occur.

 

 

 

We are very pleased to offer you an opportunity to be part of a dynamic group of developers to preview the new TradeStation 9.0 Beta and provide valuable feedback to help shape the future of our development platform. For developers like you, TradeStation 9.0 will offer many features you’ve requested over the past couple of years, including Object Oriented EasyLanguage, an enhanced TradeStation Development Environment, and dozens of other features requested on the TradeStation Enhancement Suggestions Forum.

 

 

 

Below is a list of some of the enhancements that will be included:

 

• A set of easy-to-use components that can be dragged and dropped from the TradeStation Development Environment’s new ToolBox into your EasyLanguage analysis technique. You can interact with these components using the new Property Editor, without writing a line of code.

 

These components include:

 

• MarketDepth - allowing you to easily access and monitor valuable real-time market depth data.

 

• Quotes - you can now request and monitor any number of quotes, for any symbol, from within your analysis technique.

 

• Orders and Positions – useful to keep track of changes to any position or order that you have, and to take action, the moment a change occurs.

 

• PriceDataStream – you can now programmatically request price data for any symbol, using any interval, in RadarScreen and Charting.

 

• Workbook – with this component you can interact with Microsoft Excel to perform additional analysis and charting.

 

• Simple and complex orders can be placed from any analysis technique and can be monitored, and instantly acted on, the instant a change occurs.

 

• EasyLanguage 9.0 is completely backward compatibility with prior versions. We’ve worked hard to ensure that existing code will continue to run with absolutely no changes.

 

• Dozens of other feature requests from the TradeStation Enhancement Forums have been implemented.

 

• EasyLanguage has embraced object-oriented features and syntax that many developers are already familiar with.

 

• Easylanguage now support local methods. Similar to EasyLanguage Functions, they can be used to improve code readability and simplify code structure. Additionally, local methods execute faster than existing EasyLanguage Functions and support recursive calling.

 

• Exception handling including new try, catch, finally, and throw keywords.

 

• The new EasyLanguage Class Library which will initially ship with a rich set of over 100 classes. The classes include:

 

• Collections that can be used to create, store, retrieve, and manipulate sets of object. These include dictionary, queue, stack, and vector.

 

• Classes to create, read, parse, write, and save documents in the Extensible Markup Language format.

 

• Timer and StopWatch classes to that allow code to be executed at predetermined interval.

 

• Strategy classes to let developers override the assumptions we make when filling your strategy orders.

 

• Enumerations

 

• Ability to programmatically start and stop calculations.

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There is an update coming from TS that will make order placement and modification much more precise:....

 

 

wow this is a major improvement, major rework, major paradigm shift...

this deserves a new thread for discussion.

Edited by Tams

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