Bracket orders , My method. Limit and Stops.

[michael]

Here is Version 2 , i have changed the limit on the Short side to be based on the close and the range is between 1 and 10 .  Makes a big difference.

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[michael]

Here is Version 3 , with using the close on the buy side as well.

See how the Take profit changes per bar , moves up and down .

 

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[michael]

This Version 4 , using more if then in the limit section .

This closes the position if the model gets a buy or sell signal the other way round.

If it is long , and the first model changes to short , it will close at the Open 1 ,

You have to use lead open 1 to close out , if the market closes at say 3320.50

but the open is 3320.25 and you use the close and the mkt goes straight down , it will not be done , and the model will show the position as been open.

You will have to zoom in to look at the individual bars and see that the Take profits and Stop losses are in the right place and that they change .

Remember to lock the values that do not need to change , I think i unlocked the values for the sell model in the first chart . Sorry , but the other charts are locked.

So if anyone has a better system for entering bracket orders , please update the chart.

Regards

Michael.

 

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