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Date/Time: Sun, 19 May 2024 13:52:25 +0000

Post From: Auto trading with Stops/Profits

[2020-06-05 21:43:35] Link To Thread - Link To Post [Go To First Post]
Jjgu - Posts: 8
I'm looking trading with respect to a Moving average while having a pre-set profit & stop loss. I'm using the chart base system where if the trade closes above the MA then I will long and when it closes below I short. What I'm looking to achieve is let's say I'm short and price is trading below my MA. Profit stop is hit. I do not want it to re-enter again until price is trading above the MA again. What seems to happen is it will enter short again on the next bar because price is still trading below my MA. My Buy Entry is: =AND(AC3=1,$J$8=0) where AC3=1 is above MA and J8=0 is no current position My Buy Exit is: =(AC3=-1) (And vice versa for sell entry) Could someone please advise how I can set this up? Thank you! Date Time Of Last Edit: 2020-06-05 22:09:45