Thread: Multiple Stop Combined Into One

Hi All,

I'm having an issue with managing my stops for a strategy that enters multiple positions at once. I would like to have individual stops and limits for each of the individual trades. To do this I wrote this code:

Code:

if(Math.Abs(StrategyInfo.MarketPosition) > 0)
{
        for(int ii = 0; ii < CurrentPosition.OpenTrades.Count; ii++){
		entryprice = CurrentPosition.OpenTrades[ii].Entry.Price;
		if(StrategyInfo.MarketPosition > 0){
			m_order4.Generate((entryprice - exitstoppips*Bars.Point*10),2);
			m_order6.Generate((entryprice + exitlimitpips1*Bars.Point*10), 1);
			m_order8.Generate((entryprice + exitlimitpips2*Bars.Point*10), 1);
		}
                if(StrategyInfo.MarketPosition < 0){
			m_order3.Generate((entryprice + exitstoppips*Bars.Point*10),2);
			m_order5.Generate((entryprice - exitlimitpips1*Bars.Point*10),1);
			m_order7.Generate((entryprice - exitlimitpips2*Bars.Point*10),1);
                }
        }
}

I would think this would go through each of my open trades and place orders for the stops and limits based on each of the individual trades entry prices. In backtesting, however, all the stops and limits are placed in relation to the entry price of the most recent trade as seen in this screen shot:



Does anyone know whats going on?

Thanks,
Cory

Hi coryaitch,

Please remember that when entry order created by IPriceOrder are called twice, it won't generate two entry orders, instead, it will replace the old order will the new one. That' why all your position are all stop at one level.

Regards,
jpschan

jpschan -

How would one get around this issue then? I am trying to create a strategy that would generate multiple orders each with their own individual Stops and Limits, but am coming across the same issues as coryaitch.

I'm assuming using IPriceOrder won't be the way to go.

coryaitch -

did you fix the problem, and if so, how?

Many thanks

Hi marcusrjudge,

Thank you for posting.

Please refer to this thread http://forexforums.dailyfx.com/codin...ach-entry.html (How to set up 2 trade entries with 2 stops one for each entry?) for some guidelines on how to construct and generate orders with multiple stop loss.

Let us know if you have further questions.

Regards,
Jimmy