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| How to close a position and immediately open a new one in the opposite direction? |
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seedy
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| Post subject: How to close a position and immediately open a new one in the opposite direction? |
Post rating: 1
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Posted: Tue 10 Dec, 2013, 19:10
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User rating: 2
Joined: Mon 25 Nov, 2013, 13:42
Posts: 2
Location: Czech Republic,
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Hi everybody,
The strategy is based on the cross of price with EMA 200. When the close of current candle is below EMA (the previous candle close was above) you go short. The same vice versa for long.
Now, lets say I go short. The exit signal of the strategy comes with the close of the current candle above EMA and the position is closed. What I want is to open immediately a new position in the opposite direction in this case long. So actually the exit signal of the older position is the open signal for the current position.
In my attempt in Visual Jforex there is always a delay in opening the new position. It closes the previous position, and the open of the new one comes one candle later. I want it to be with the same candle close as the exit.
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seedy
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| Post subject: Re: How to close a position and immediately open a new one in the opposite direction? |
Post rating: 1
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Posted: Thu 12 Dec, 2013, 11:16
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User rating: 2
Joined: Mon 25 Nov, 2013, 13:42
Posts: 2
Location: Czech Republic,
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Vadim, I got the logic you suggested and it works now. Thank you. Keep doing great job!
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