help on coding strategy sell order

[maka123]

Hi

i been trying to code on strategy.

On sell order to close, i wish to set the script to sell when the price hit 2 x ATR. Can some one assist on this area.

 

[maka123]

to clarify, the selling price should be entry price + 2 x atr

 

[rad14733]

to clarify, the selling price should be entry price + 2 x atr

Try adding ATRTrailingStopLE and/or ATRTrailingStopSE strategies to your charts... If they work for you then you could incorporate the logic into your strategies, or reference them from within yours... You have options...

 

[maka123]

thanks for the reply. do you mind help me with some code as i am new to coping with thinkscript.. still learning

On sell order to close, i wish to set the script to sell when the price hit 2 x ATR. , the selling price should be entry price + 2 x atr

 

[Slippage]

thanks for the reply. do you mind help me with some code as i am new to coping with thinkscript.. still learning

On sell order to close, i wish to set the script to sell when the price hit 2 x ATR. , the selling price should be entry price + 2 x atr

def target = EntryPrice() + reference ATR * 2;
AddOrder(OrderType.SELL_TO_CLOSE, high >= target, target);

 

[maka123]

@Slippage
could you help me on this condition

Is there a way to do something like this.. if my entry target is not hit, i wish to include a stop lost for exit at 1 atr below entry price for sell to close.

Because usually for sell order to close, there is 2 condition.. One is sell on target and another is sell if price hit stop loss.

 

[Slippage]

@Slippage
could you help me on this condition

Is there a way to do something like this.. if my entry target is not hit, i wish to include a stop lost for exit at 1 atr below entry price for sell to close.

Because usually for sell order to close, there is 2 condition.. One is sell on target and another is sell if price hit stop loss.

Yes, I can help if you need but I'd encourage you to give it a try first. You have all of the building blocks in the code I gave you for the target sell order. Just do the same thing again but with adjustments for 1 ATR below instead of 2 ATR above.

 

[maka123]

ok i try. my challenge is the if else statement did not work as intended. i am trying to do something like only either stop loss or profit taking sell order to close will be executed.