Strategy.isInTrade() – EFS

Strategy.isInTrade() Back Testing Functions

isInTrade() is a method of the Strategy Object that returns a Boolean (true/false) value to indicate that the strategy is currently holding either a long or short position. The Strategy Object is for back testing purposes only and is not intended for real time trading.

Syntax

Strategy .isInTrade( )

Parameters

N/A

Return Value(s)

Boolean (true/false)

Notes

Strategy.isInTrade() returns true if a long or short position is currently being held. This method is a logic function used to control back testing logic within conditional statements. For example, a user may want to check to see if the strategy is currently in a position before evaluating exit conditions. Alternatively, a user may want to check to see that the strategy is not in a position before evaluating new entry conditions.

Code Examples

function main()  {
	if (Strategy.isInTrade() == true) {
	    // Evaluate exit conditions		
	    if (/* Your Exit Condition */) {
	        //Strategy.doSell(...);			
	        // or			
	        //Strategy.doCover(...);
	        }	
	    
	} 
	else if (Strategy.isInTrade() == false) {
	    // Evaluate new Entry conditions		
	    if (/* Your Entry Condition */) {
	        //Strategy.doLong(...);			
	        // or			
	        //Strategy.doShort(...);		
	        }	
	    
	}
}