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Jim Dean

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Posts: 3433

Joined: 3/13/2006
Location: L'ville, GA

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Subject : RE: Help with Multiple Entry Strategies
Posted : 9/22/2021 5:26 AM
Post #31612 - In reply to #31611

Hi John

You can “scale in” if you set up the Trade Plan to handle it. The problem is that the second and third entry signals need to either be:

1. Driven by the canned TP Condition dropdown and radio button options - such as a Limit order when price exceeds 1 ATR beyond prior close.
- or -
2. An OmniScript condition such as sma(10) > sma(20).
- or -
3. An OLang Stop that can be very complex logic.

Nirvana does not allow its Systems to be “called” like indicators, so if you are using three canned Systems in your Strategies, they can only trigger the initial entry.

I’m assuming that you know you can set up the system block to have more than one system active, &/or create “secondary lines” in the strategy diagram that all feed into a single TP.

As to Port Sim - it used to be totally unable to handle partial exits (scaling out), but could handle some simple scaling-in strats that N release a year or two ago. My guess is that if you did set up scaling-in, it’s 50/50 whether PS would model it properly.


Fwiw, I do have a complete and comprehensive scaling in and out set of tools - I call it the Stradicator method (a full strategy in an indicator). It can do all those things, and much more. But it does not use canned Systems - the various entry rules have to be custom coded.

I hope this helps.

[Edited by Jim Dean on 9/22/2021 5:29 AM]

Deleting message 31612 : RE: Help with Multiple Entry Strategies


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