Simulator: Different exit orders for different rules, partial exits

Simulator: Different exit orders for different rules, partial exits

Christoph
2013-12-31 21:11:38

I have two questions regarding the implementation of a trading strategy in the simulator:
1) How can I use different exit orders for different rules to be triggered?
Simple example:
Rule1: Close<EMA20 -> I want to exit on next open
Rule2: Close<EMA50 -> I want to create a stop-order for the exit with, say, stop price=close*1.01

2) How can I accomplish partial exits? For example, sell 50% of the position if a certain condition/rule is met.

Thanks
Christoph

QuantShare
2014-01-02 23:00:31

Best Answer

Hi Christoph,

1/ For this, you must use a money management script. Here is an example you may want to check:
Transform any order into a limit order selectively based on a trading rule

2/ Using a money management script too. You can use this one:
Staggered Entry and Exit Strategy

Transform any order into a limit order selectively based on a trading rule (by Tom Huggens, uploaded several months ago)

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Staggered Entry and Exit Strategy (by QuantShare, uploaded several months ago)

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Christoph
2014-01-04 03:35:29

Thanks! That helped a lot.
Now I realized that the money management scripts are really powerful - much more than I'd expected from the name.

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