Backtesting Multiple Exits

[Croatian0522]

Hello,

I'm trying to code and backtest multiple exits for a futures strategy however what I did is not working out. Below is a code for a simple profit target, I just added at the very top (input shares=1). The code works but when I backtest it's calculating that I am selling my position @$1 price per share not selling one share. It's probably a simple fix but I'm not sure what exactly I am doing wrong. Any help would be appreciated. TIA.

input shares=1;
input offsetType = {default percent, value, tick};
input target = 0.75;

def entryPrice = entryPrice();
def mult;
switch (offsetType) {
case percent:
mult = entryPrice / 100;
case value:
mult = 1;
case tick:
mult = tickSize();
}
def targetPrice = entryPrice + target * mult;

addOrder(OrderType.SELL_TO_CLOSE, high >= targetPrice,shares, tickColor = GetColor(6), arrowColor = GetColor(6));

 

[halcyonguy]

Hello,

I'm trying to code and backtest multiple exits for a futures strategy however what I did is not working out. Below is a code for a simple profit target, I just added at the very top (input shares=1). The code works but when I backtest it's calculating that I am selling my position @$1 price per share not selling one share. It's probably a simple fix but I'm not sure what exactly I am doing wrong. Any help would be appreciated. TIA.

input shares=1;
input offsetType = {default percent, value, tick};
input target = 0.75;

def entryPrice = entryPrice();
def mult;
switch (offsetType) {
case percent:
mult = entryPrice / 100;
case value:
mult = 1;
case tick:
mult = tickSize();
}
def targetPrice = entryPrice + target * mult;

addOrder(OrderType.SELL_TO_CLOSE, high >= targetPrice,shares, tickColor = GetColor(6), arrowColor = GetColor(6));

if something doesn't work, look it up.
if addorder isn't working as you think it should, look it up.

https://tlc.thinkorswim.com/center/reference/thinkScript/Functions/Others/AddOrder

you forgot the price input parameter.
you didn't use parameter names on all the inputs, so shares is being used as price.