I am testing incorporating 3 things in my exits (and reverse for profit targets)...was wondering if you could help...
#1 I am wanting to put in the following "profit lock" exits...that is just what I call it:
***On a short trade,Looking for if the current bar's price rises above the open of the 3 bars back, then I am looking for it to exit the short position and vice versa on long positions (then, maybe the reverse for target or something similar). Do you see a better way to do this or anything wrong with this?
// TESTING Lock in profits if current trend down changes... else if (GetCurrentBid() > Open[3]) { ExitShort(); // OFF Need to test and see wicks etc } // TESTING Lock in profits if current trend down changes... else if (GetCurrentAsk() < Open[3]) { ExitLong(); // OFF Need to test and see wicks etc }
// TESTING Unrealized PnL Emergency Exit Long or Short for individual instruments (not account wide) in case stop loss gets skipped, removed, or missed. else if (Position.GetProfitLoss(Close[0], PerformanceUnit.Currency) < -300) { ExitLong("UnP Emr Exit Long", ""); ExitShort("UnP Emr Exit Short", ""); Disable(); // OFF }
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