- reverse when the ATR based stop is hit.
- reversal also has a stop based on the ATR.
- reverse only the one time until the initial entry criteria is met again.
- need this reversal order to exit when a certain criteria is hit, say MACD fast length crest/trough breakover.
#region Stoploss reset, ATR Stop set, & Breakeven (BE) // Resets the stop loss to the original value when all positions are closed if (Position.MarketPosition == MarketPosition.Flat) { SetStopLoss(CalculationMode.Ticks, StopLoss); //Set ATR Stop in ticks StopLoss = Convert.ToInt32(Math.Round( ATR(ATRStopPeriod)[0] * ATRStopMulti / TickSize)); } // If a long position is open, allow for stop loss modification to breakeven else if (Position.MarketPosition == MarketPosition.Long) { // Once the price is greater than entry price +BETrigger ticks, set stop loss to breakeven + 1 if (Close[0] > Position.AvgPrice + BETrigger * TickSize) { SetStopLoss(CalculationMode.Price, Position.AvgPrice + 1 * TickSize); } } // If a short position is open, allow for stop loss modification to breakeven else if (Position.MarketPosition == MarketPosition.Short) { // Once the price is greater than entry price +BETrigger ticks, set stop loss to breakeven + 1 if (Close[0] < Position.AvgPrice - BETrigger * TickSize) { SetStopLoss(CalculationMode.Price, Position.AvgPrice - 1 * TickSize); } } #endregion
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