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Subject: Setting separate trading risks for long & short positions.

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bumba
Posts:7

05-08-2010 3:11 AM Alert 
Dear Murray et al., I am trading end of the day. TradeRisk is used to calculate EntryNumUnits in TradePlan. TradeRisk is calculated as difference between Close and StopOrder. I do not know if the system will enter long or short position tomorrow, so TradeRisk is calculated as maximum between risks for going long and going short: SetTradeRisk(Max((Close-StopOrderLong),(StopOrderShort-Close))). That’s not perfect. I would like to be able to set separate TradeRisks for entering long and entering short. I have tried to use conditional rules (If MarketPosition=1 Then SetTradeRisk(Close-StopOrderLong) Else ..), but it does not work because I am not in a trade yet. Have you got any ready solutions or fresh ideas? Thank you. Boris.
murray
Posts:519

05-10-2010 3:38 PM Alert 
Let me think about it.
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