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Author Topic: Tradingview script  (Read 75 times)

Offline Kaaskop

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Tradingview script
« on: January 15, 2019, 12:43:10 PM »
Hi Guys,

I am about to purchase gunbot + tradingview addon.

I have a question since my pine script on tradingview works with "long" and "short" and it actually always swap between those 2 (im only not holding positions with stops get it)

What will happen if i use gunbot with the long and short alerts via email, will it first close my open position before taking a new one?
When i backtest on tradingview it does close the position before opening a new short/long.

Thanks in advance.



Offline Aitor

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Re: Tradingview script
« Reply #1 on: January 16, 2019, 04:49:36 AM »
Hi Kaaskop, usually the exchanges don't allow to keep a long position and a short position opened at the same time. So, if you already have a short position opened (for example, 1000$), if you open directly a long position with 2000$, it would automatically close your short and open a 1000$ long. If you want to open both longs and shorts at the same time, you would need 2 accounts. In the case you have 1 account, the way to go is to close the previous one before opening other position. For example, you open a short, then close that short, now open a long.