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Registered User
Joined: 1/3/2008
Posts: 20
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I'm using BackScanner and I want to "Exit All", but I'm confused as to how to configure "Bars" under Condition, and "Bars from Now" under Action.
a) I want to exit on close, same day
b) I want to exit on close, next day
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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If you want to Exit All on the Close of the same day the Exit Rule is met, you would Exit All at Close 0 Bars from Now.
If you want to Exit All on the Close of the the day following the day the Exit Rule is met, you would Exit All at Close 1 Bar from Now.
Both of the above assume the Time Frame being used is 1-Day. It should be noted that only one Rule in BackScanner can be triggered during each Bar. When more than one Rule is True during a Bar, the Rule with the highest Priority will be triggered.
-Bruce
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Registered User
Joined: 1/3/2008
Posts: 20
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If I want to enter and exit on the same day, how do I assign priority?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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I am not aware of a way to Enter and Exit on the same Bar in the current version of BackScanner. To Enter and Exit on the same Day, you would need to be using an intraday Time Frame.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 1/3/2008
Posts: 20
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When I configure BackScanner to exit at Close 1 Bar From Now, it doesnt perform the task correctly. It makes a random exit at either 1 or 2 Bars from Now.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Does your Exit Rule have a higher priority than your Entry Rule? If not, the most common reason for not Exiting when you might think it would is that the Entry Rule is True and has a higher Priority.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 1/3/2008
Posts: 20
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I guess it might have a higher priority, but don't know how to tell. I only have two rules and they are:
1) Buy Long at Close 0 Bars from Now.
2) Condition: Trade Length > 0 bars
Action: Exit All at Close 1 Bars from Now
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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The Rule that is highest on the list has the highest Priority. So try putting your Exit Rule above your Entry Rule.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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