How to add Stop Loss to Cross Back Under System code

Author: rptrader1

Creation Date: 11/24/2011 6:35 PM

Wealth Lab » Trash Can » How to add Stop Loss to Cross Back Under System code

rptrader1

11/24/2011 6:35 PM

Hi,

I tried using the Cross Back Under System strategy.
It gives great results with VXX and VXZ securities,100% Win rate!!
It does well with the index ETFs too - like DIA, SPY.

However, with other stocks and Closed End Funds, some trades result in large losses.
I would like to introduce a stop loss statement, ex.

Position p = LastPosition;
SellAtStop( bar+1, p, p.EntryPrice * 0.95, "5% Stop Loss" );

I do not udnerstand the code well enough to know how to do this.

Can you please help?

The Code is given below:

CODE:
Please log in to see this code.

Thanks

Size:

Color:

Hi,

I tried using the Cross Back Under System strategy.
It gives great results with VXX and VXZ securities,100% Win rate!!
It does well with the index ETFs too - like DIA, SPY.

However, with other stocks and Closed End Funds, some trades result in large losses.
I would like to introduce a stop loss statement, ex.

Position p = LastPosition;
SellAtStop( bar+1, p, p.EntryPrice * 0.95, "5% Stop Loss" );

I do not udnerstand the code well enough to know how to do this.

Can you please help?

The Code is given below:

[CODE]using System;
using System.Collections.Generic;
using System.Text;
using System.Drawing;
using WealthLab;
using WealthLab.Indicators;

namespace WealthLab.Strategies
{
	public class XOB_demo : WealthScript
	{
		/*
		Buy: RSI crosses above 70
		Sell: when the RSI has crossed back under 70 after it has first crossed over 70
		*/

protected override void Execute()
		{
			double threshold = 70;
			RSI rsi = RSI.Series( Close, 14 );
			SetBarColors( Color.Silver, Color.Silver );
			ChartPane pRSI = CreatePane( 30, true, true ); HideVolume();
			PlotSeries( pRSI, rsi, Color.Blue, LineStyle.Solid, 1 );
			DrawHorzLine( pRSI, threshold, Color.HotPink, LineStyle.Dashed, 1 );
			
			bool xOver = false;
			int onBar = -1;
			
			for (int bar = rsi.FirstValidValue*3; bar < Bars.Count; bar++)
			{
				if (IsLastPositionActive)	
				{          
					if( !xOver )
					{
						if( CrossOver( bar, rsi, threshold ) )
						{
							SetBackgroundColor( bar, Color.FromArgb( 90, Color.Orange ) );
							xOver = true;
							onBar = bar;
						}
					}

if( xOver )
					{
						if( CrossUnder( bar, rsi, threshold ) )
						{
							SetBackgroundColor( bar, Color.FromArgb( 90, Color.Red ) );
							if( SellAtMarket( bar+1, LastPosition ) != null )
								xOver = false;
						}
					}
				} 
				else
				{
					if( CrossOver( bar, rsi, threshold ) )
						BuyAtMarket( bar+1 );
				}
			}
			
			for (int iPos=0;iPos<Positions.Count;iPos++)  
			{
				Position position = Positions[iPos];
				int positionExitBar;
				double positionExitPrice;

if (position.Active)
				{
					positionExitBar=Bars.Count-1;
					positionExitPrice=Bars.Close[positionExitBar]; 
				}
				else
				{
					positionExitBar = position.ExitBar ;
					positionExitPrice = position.ExitPrice ;		
				}

DrawLine(PricePane, position.EntryBar, position.EntryPrice, positionExitBar, positionExitPrice, (positionExitPrice - position.EntryPrice) > 0 ? Color.Green : Color.Red, WealthLab.LineStyle.Dashed, 2);
			}
		}
	}
}
[/CODE]

Thanks

Eugene

11/25/2011 12:08 AM

Hi,

Since this topic is an unnecessary duplicate, I replied in the original one for everyone's greater convenience:

Cross Back Under

I'll dump this topic later.