Exit position condition

[antonek]

Hi,
I am trying to do some backtest with strategy analyzer. My idea is to enter and exit position based on indicator values - my indicator has two values: lower and upper boundry (these boundries do not change during the session).
When data series gets below lower boundry and than start raising I want to enter with long position, which I managed this way:
- condition: Close[0] < lower boundry
- do: EnterLongStop(DefaultQuantity, lower boundry,"long_position")

Once I enter such position I do not want to sell it until price reaches upper boundry, but this I cannot accomplish in Strategy builder. I tried:
- condition: currentMarketPosition == Long
- do: ExitLongStop(DefaultQuantity, upper boundry, "exit_long_position")
But this does not work. When I tried just "Exit Long Position" Strategy Analyzer did exit the position on next bar. Any other type of exittin Long position was unsuccesfull.

See atteched picture - it should enter twice for long, but instead the first long expired on close of session.

Thank for answer

[koganam]

Hi,
I am trying to do some backtest with strategy analyzer. My idea is to enter and exit position based on indicator values - my indicator has two values: lower and upper boundry (these boundries do not change during the session).
When data series gets below lower boundry and than start raising I want to enter with long position, which I managed this way:
- condition: Close[0] < lower boundry
- do: EnterLongStop(DefaultQuantity, lower boundry,"long_position")

Once I enter such position I do not want to sell it until price reaches upper boundry, but this I cannot accomplish in Strategy builder. I tried:
- condition: currentMarketPosition == Long
- do: ExitLongStop(DefaultQuantity, upper boundry, "exit_long_position")
But this does not work. When I tried just "Exit Long Position" Strategy Analyzer did exit the position on next bar. Any other type of exittin Long position was unsuccesfull.

See atteched picture - it should enter twice for long, but instead the first long expired on close of session.

Thank for answer

That looks like you are using the override that identifies an Exit signal by specifying the entry signal name. Your entry signal name is "long_position", but you asking the Exit order to exit the order that was entered with the name "exit_long_position". There is no such position.

If you want to exit a position that was entered with a signal called "long_position", then you need to tag the Exit with the exact same signal name, "long_position".

I will surmise that you are trying to distinguish the orders by some kind of tagging. In that case, use IOrders, and name them according to your delights.

[antonek]

I tried setting up the conditions through strategy builder. Can you check what is worng with it?

What is IOrders?

Thanks

[koganam]

I tried setting up the conditions through strategy builder. Can you check what is worng with it?

What is IOrders?

Thanks

Your description implied that you wanted a "Target", but your pictures show you entering a "Stop".