Limit On Open Orders (LOO)

Modified on 2018/02/28 07:29 by Eugene — Categorized as: Community Components

Syntax

public static Position EnterLOO(this WealthScript ws, int tradeBar, PositionType pt, double limitPrice, string signalName = "")
public static bool ExitLOO(this WealthScript ws, int tradeBar, Position p, double limitPrice, string signalName = "")

Parameter Description

tradeBar	Pass bar + 1 to this method
pt	PositionType.Long or PositionType.Short
limitPrice	Limit price
signalName	(optional) Entry/exit signal name

Description

Created by Robert Sucher, these methods emulate Limit On Open (LOO) orders.

Example

Example using C# extension methods:

using System;
using System.Collections.Generic;
using System.Text;
using System.Drawing;
using WealthLab;
using WealthLab.Indicators;

namespace WealthLab.Strategies
{
	public class MyStrategy : WealthScript
	{
		protected override void Execute()
		{
			for(int bar = GetTradingLoopStartBar(20); bar < Bars.Count; bar++)
			{
				if( bar < Bars.Count-1 ) // for backtesting only
				{
					if (IsLastPositionActive)
					{
						this.ExitLOO(bar+1, LastPosition, High[bar]);
					}
					else
					{
						this.EnterLOO(bar+1, PositionType.Long, SMA.Value(bar, Close, 20) * 0.98);
					}
				}
			}
		}
	}
}