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| Closing Positions Based on Indicator States. |
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Chrysos
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| Post subject: Closing Positions Based on Indicator States. |
Post rating: 0
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Posted: Wed 10 Sep, 2014, 14:02
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User rating: 1
Joined: Mon 01 Sep, 2014, 13:39
Posts: 34
Location: AustraliaAustralia
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Hi,
I am testing some strategies and one is open an order when 2 MAs cross. That's fine, but when I put code to test for the converse, i.e. they cross the other way, I can't seem to be able to close the position.
I am using the Close and Cancel Position component with input being the position opened in the Open at Market component.
Shouldn't Position Amount toggle from 1 to 0 as I open and close a single position?
Thanks,
Chrysos.
Edit: I seem to get this message a lot
11.09.2014 10:53:44 Cannot close order in CREATED, CLOSED or CANCELED state, current state - [CLOSED]
11.09.2014 10:53:44 Cannot close order in CREATED, CLOSED or CANCELED state, current state - [CLOSED]
11.09.2014 10:53:44 Cannot close order in CREATED, CLOSED or CANCELED state, current state - [CLOSED]
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amine_chourou
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| Post subject: Re: Closing Positions Based on Indicator States. |
Post rating: 1
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Posted: Thu 11 Sep, 2014, 13:38
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| Visual JForex expert at Dukascopy |  |
User rating: 288
Joined: Thu 18 Apr, 2013, 09:26
Posts: 1496
Location: Switzerland, Geneva
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Hi there,
It is quite difficult to understand your query, Can you please attach your strategy file and explain what is not working as per your specification ?
Thanks
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Chrysos
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| Post subject: Re: Closing Positions Based on Indicator States. |
Post rating: 0
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Posted: Fri 12 Sep, 2014, 02:49
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User rating: 1
Joined: Mon 01 Sep, 2014, 13:39
Posts: 34
Location: AustraliaAustralia
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Hello Amine ,
Thank you for responding to my query. I am out at the moment, but shall post my strategy later tonight.
Basically I open a short position when the 5EMA crosses the 34EMA from above and I want to close the position when the 5EMA crosses the 34EMA from below.
I open a long position when the 5EMA crosses the 34EMA from below and want to close the position when the 5EMA crosses the 34EMA from above.
I use a MACD filter so I don’t swing from short to long all the time.
I do not want more than 1 position to be open at any time. So I either have 0 or 1 positions.
Do you have a basic example of opening a position and then closing it on the basis of what some indicators say? I do not want to close on a Take Profit Order and I do use a Stop Loss Order.
Thanks,
Chrysos.
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amine_chourou
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| Post subject: Re: Closing Positions Based on Indicator States. |
Post rating: 1
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Posted: Fri 12 Sep, 2014, 14:36
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| Visual JForex expert at Dukascopy | |
User rating: 288
Joined: Thu 18 Apr, 2013, 09:26
Posts: 1496
Location: Switzerland, Geneva
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Hi there,
Here is an example of a strategy that open and close positions based on 2 EMA's cross
| Attachments: |
Webinar5_11.vfs [39.13 KiB]
Downloaded 219 times
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Chrysos
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| Post subject: Re: Closing Positions Based on Indicator States. |
Post rating: 0
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Posted: Sat 13 Sep, 2014, 02:39
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User rating: 1
Joined: Mon 01 Sep, 2014, 13:39
Posts: 34
Location: AustraliaAustralia
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Thanks very much Amine,
This looks like what I want. I shall play around with it.
Cheers,
Chrysos.
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