Using the Bracket orders , STOP and LIMIT

[michael]

Morning,

Well i am obviously doing something wrong.

I don’t normally have these types of orders but i am trying to get the

Bracket orders to work ,  so for a quick test . i put in if it closes near the high , buy and then create a bracket order with the Stop set as Entry price Minus 5 ,

Take profit limit as Entry plus 5 .

It goes through the Take profit but the position does not change , it does not get out of the position .

I have used the triggers for exiting as one of these must be true .

If the Long entry signal is great than Zero

If the position = 1

I tried having it set as a market order , failed

I tried using the current close , Failed

Has anybody got this to work .

Regards

Michael Matheson

[michael]

Here is a quick chart

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[Ward Systems Group Support]

When you try to use the Long Entry Signal > 0 as an exit signal, it won’t work because that condition is only true on the bar when the Long Entry Signal is generated.  See the attached chart and it’s easy to visualize.

You can test your other conditions in the same way by inserting them on the chart (Insert Menu, Existing Data/Calculations).

 

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[michael]

Ok , I took out that opening input , even though i had 2 triggers on the limit

and if 1 was correct to trigger the bracket order.

Pls see the new graph , i added another trading strategy , i put a Price Floor

in there for the Stop loss..Please not that the price floor starts on the bar that you

have the position , and the top Strategy it starts on the following bar .

Therefore for one bar in the bracket order you do not have a TP or Sl .

Pls also note with bracket order , it goes through the TP but it does not change position . The position indicator in the middle stays the same???

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