# stop # days after a signal

#### tlee404

##### Member
Hi,
I am trying to code a Stop a number of days or time periods after a Buy or Sell signal has been set.
Does anyone know a way of doing that? Is it possible?
Thank you

See Solution on the 5th and 6th posts. Thank you to member mashume

Last edited:
Ok, I think I found the answer with the CountTradingDays date & Time function in TOS.
Although I not sure how it treats weekends and Holidays.

This is certainly not a complete answer, but it may help you get there.

This is offered only as a way to test exit strategies, and will show different exits on different time scales, as it is based on the number of bars passed since a position was opened.

Also, I'm just typing this in the forum, not testing it in ThinkOrSwim.

So here goes... I stole this from another script I wrote to put Mobile ToS style position lines on charts in Desktop ToS.

Code:
``````input size = 10;
input sell_after = 14;
def liq = positionNetLiq();
def position = positionNetLiq() / size;

def enter = if position != 0 then
if position[1] == 0 then position
else enter[1]
else double.nan ;

plot entryPrice = enter;
plot exit = if isnan(enter[sell_after - 1]) and !isNaN(enter[sell_after]) then 1 else double.nan;``````

What we've done there is to find when a position opened because the value of enter went from NaN to something when the position opened.
We then have a set 'sell-after' time (in bars, so 14 days on a daily chart, 14 minutes on a 1-minute chart etc...) and generate a sell signal some bars after the change in value from nan to a whatever it is.

I leave it to you to create a strategy around the idea.

I worked on it for another 3.5 hours on Sunday.
Then I tried my own for another hour today.
I found the code provided by mashume in previous post was above my level of knowledge.
Finally after using masuhme's code I got it to work. Thank you! Thank you! Thank you!

Here is what I did to create a Sell Order after 5 days.
Code:
``````input sell_after = 5;                #This is the number of days after the Buy order was placed
#def liq = positionNetLiq();    # was  not needed
def position = (if (net crosses ABOVE 0) then GetDay()+ 5 else 0);    # This sets the start of the count on the Buy order day (net crosses above 0)

def enter = if position != 0 then
if position[1] == 0 then position
else enter[1]
else double.nan ;

plot entryPrice = enter;     # was not neededd
def exit = if isnan(enter[sell_after - 1]) and !isNaN(enter[sell_after]) then 1 else double.nan;      #changed Plot to def

AddOrder(OrderType.SELL_TO_CLOSE,
if isnan(enter[sell_after - 1]) and !isNaN(enter[sell_after]) then 1 else double.nan,
price,100, tickcolor = GetColor(1), arrowcolor = GetColor(1), name = "SELL 01");``````

Last edited by a moderator:
I want to adjust my exit strategy based on how long it's been since I entered into a trade. Thinkscript has EntryPrice() but no version of EntryTime(). I could set a variable to the time that I executed an AddOrder(...TO_OPEN...) but I don't quite know how to do that. BTW, my exit strategy right now is a simple exit if I have either made or loss \$0.5 which is an input. I just want to scale the \$0.5 to a lower value as hold time increases, e.g. get out at a gain/loss of \$0.3 after holding 10 minutes.
BTW, it looks like Strategy Desk had an EntryTime tag but is this tool no long supported. https://www.tdameritrade.com/retail-en_us/resources/pdf/TDA9242.pdf

I looked around for an answer to this here, on reddit and elsewhere... no luck. Thanks in advance.

@dennisjkane We have very few ways to track the entry date of a trade... Here are a couple of ideas... You could extrapolate the date as a number and store in a "state" variable... Essentially you would keep storing the same content of entryDate[1] in entryDate on every iteration of the script... Another option would be to set the timeframe for your chart and store a counter in a state variable and by knowing how many bars the chart paints in a day you could determine how many candles before exiting... Those are the best ideas I can come up with on short notice... Just spit-balling...

I haven't checked the code posted above so maybe it could be modified for your needs...

you can do it using get average price...

scan for the bar thats averageprice is equal to 0 and the next bar averageprice is greater than 0 then gettime() of the bar after 0.

if averageprice bar is 0 and bar after averageprice is greater than 0 from 10 bars ago then flatten/close position

### Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
303 Online

## The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
• Exclusive indicators
• Proven strategies & setups
• Private Discord community
• ‘Buy The Dip’ signal alerts
• Exclusive members-only content
• Add-ons and resources
• 1 full year of unlimited support

### Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.