Stop Loss and revers positions in the strategy

Question

I would like my Stop loss reverse my position. Is it possible to do? When SL Long go to Short and when SL Short go to Long. I was looking for a solution, but unfortunately I did not find it. Thank You!

strategy.entry('Long', strategy.long, when=long, comment='Long',alert_message = message_long_entry)
strategy.exit( "SL","Long", loss=8700, comment = "SL Long",alert_message = message_long_exit)
strategy.entry('Short', strategy.short, when=short, comment='Short',alert_message = message_short_entry)
strategy.exit( "SL","Short", loss=14700, comment = "SL Short",alert_message = message_short_exit)

score 1 · Accepted Answer · answered Sep 19 '22 at 10:18

Keep your stop-loss conditions (in case you have or do as follows) but use only strategy.entry().
strategy.entry in the counter direction (short->long | long->short) automatically closes your positions (disregarding position size) and additionally opens the positions you want.

isLong = strategy.opentrades.size > 0
isShort = strategy.opentrades.size < 0
if isLong and strategy.opentrades.entry_price * 0.95 >= close // 5% stop-loss
    strategy.entry('Reverse short', strategy.short, ...)

if isShort and strategy.opentrades.entry_price * 1.05 <= close // 5% stop-loss
    strategy.entry('Reverse long', strategy.long, ...)

Stop Loss and revers positions in the strategy

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