Using different entry

Hi guys,

I'm trying to do use the following code in my script to mess around with some other entries and to see what the results end up to

Code:

Entry = -(priceLow()-10*PIP);

But I can't really get it to work.

My code looks like this:

Code:

int Entryspec() 

{
	
Entry = -(priceLow()-50*PIP);
}
  


function run()
{

	LookBack = 500;
	StartDate = 20080101;
	EndDate = 20080201;
   BarPeriod = 60;

var threshold = 0.5;

   
vars Price = series(price());
vars Norm = series(Normalize(Price, 50));





 

if(crossUnder(Norm, threshold))
	enterShort(Entryspec);

	
Stop = 2*ATR(30);
Trail = 50*PIP;


plot("Normalize", Norm[0],NEW,RED);
plot("Thresh", threshold,0,BLACK);
plot("Thresh2", -threshold,0,BLACK);

  
   	
	
	
	
}

Yet, the system still enters trades where I don't want it to.
See the image for an example: http://sv.tinypic.com/view.php?pic=dli99d&s=8#.U14if_l_s8o

As you might have guessed, I would like to avoid the whipsaws by setting a stop entry instead of a normal entry. That is, put a stop order 50 pips under current low. Yet, like I said, it still enters som weird trades, for example where I marked in the pictures.

Any advice is appreciated!

Thanks!

You seem to be setting a limit. A stop entry requires a positive value.

Quote:

Entry

Enter the trade only when the price reaches a certain value at the next bar (default = 0 = enter at market). The value can be given either directly as an Ask price, or as a distance to the current close price. A positive price or distance constitutes an entry stop, a negative price or distance an entry limit. An entry limit buys when the price is at or worse than the limit; it increases the profit of the trade as it buys at a better price. An entry stop buys when the price is at or better than the limit; it reduces the profit, but enters only when the price moved in favourable direction, and thus acts as an additional trade filter.

Using different entry - 04/29/14 07:59

Re: Using different entry - 04/29/14 10:26