condition on add order

fat_tony

New member
I'm working on backtesting and I am having some trouble. I want to add a bubble on the chart that shows my entry and exits but only when the trade is first enterd. The issue I am having is I want to set up a flag so they when an order is added it will set the flag = 1. Is there any way to do this?

basically
def flag = if add order == yes then 1 else 0
 
@fat_tony Yes, you can use AddChartBubble() with the same conditional logic used in AddOrder()... Just place the AddChartBubble() call directly below your AddOrder()...
Sorry for hijacking this thread. I have a similar question on AddChartBubble and AddOrder.

I have BUY_AUTO and SELL_AUTO orders in my strategy. I also have SELL_TO_CLOSE and BUY_TO_CLOSE stop loss orders. Bubbles are used to display all the possible stop losses. The issue I'm having is that if the strategy is in a good BUY position, that is current price > Entryprice, my short order stop loss bubble is showing up, which makes sense because a short stop loss order logic is when current price > Entryprice. I would prefer only long order stop loss bubble to show up, if applicable. Is there a way to check if the strategy is currently in a BUY or SELL position, that way if it's in a BUY position, only long stop loss bubbles will show up, if SELL position, only short stop loss bubles will show up? Thanks!
 
@pine You could setup a "state" logic variable structure that sets the state to 1 for Long entries, -1 for Short entries, or 0 when no trade is active and have it update after every iteration of the Strategy... Then you would monitor the states previous or current value, similar to state[1] or state, to identify the current state before taking any AddOrder() actions... It would essentially become another conditional criteria for AddOrder()... That's what popped into my head upon reading your post...
 
@pine You could setup a "state" logic variable structure that sets the state to 1 for Long entries, -1 for Short entries, or 0 when no trade is active and have it update after every iteration of the Strategy... Then you would monitor the states previous or current value, similar to state[1] or state, to identify the current state before taking any AddOrder() actions... It would essentially become another conditional criteria for AddOrder()... That's what popped into my head upon reading your post...
Currently I have

AUTO_BUY
AUTO_SELL

then

SELL_TO_CLOSE
BUY_TO_CLOSE

I assume that once either AUTO_BUY and AUTO_SELL order is hit, you're in position, and if the SELL_TO_CLOSE or BUY_TO_CLOSE condition is met, they will show up.

Sorry for my ignorance, could you guide me on how to set this "state" logic up?
 
@pine You are correct... I'm sure you've also reviewed the StopLoss Strategies that come with TOS as well for ideas... If not, give them a review... Good luck...

There should be more than a few "state" logic examples coded into scripts here in the forums... I can't point you to one right now but if you can't find one I might have time later...
 

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