Strategy.isInTrade()

ICE Data Services -

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(...);		}	}
	}



See Also
Back Testing Functions
EFS Library:  Back Testing
Strategy Analyzer
eSignal Bulletin Board Search Engine
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Tutorials