Creating a stop at the low of a particular bar

Viewing 4 posts - 1 through 4 (of 4 total)

Author

Posts
04/14/2017 at 7:09 PM #32066 quote

Stratus6
Participant

Junior

Dear Forum,

I’d be grateful for any help with the following straighforward coding problem.

Once my trade is entered I want to set a stop at the low of the preceeding bar.

Now I assumed it would just be

Sell at Low[1] stop

However, in backtest at least, this seems to change as Low[1] moves one bar forward with the creation of each new bar.

Does anyone know the fix for this?

Many thanks all

Linden

04/15/2017 at 1:52 AM #32083 quote
Wing
Participant

Veteran
After the line of code where you buy, you need another line of code to save the low of the previous bar for future use. Example:
```
once MyStop = 1

If buyconditions=true and onmarket=0
    buy 1 lot at market
    MyStop = low[1]
endif

sell at MyStop stop
```
04/15/2017 at 10:05 AM #32106 quote
GraHal
Participant

Master
Thanks Wing, I understand above, except why we need …
```
once MyStop = 1

Thank You
GraHal
```
04/15/2017 at 11:05 AM #32111 quote

Stratus6
Participant

Junior

Thanks Wing, thats really fantastic.

Many thanks

Linden
Author

Posts

Viewing 4 posts - 1 through 4 (of 4 total)

You must be logged in to reply to this topic.

Login your account

Creating a stop at the low of a particular bar

Platform Support: Charts, Data & Broker Setup

New Reply

Author

Stratus6 @stratus6 Participant

Summary

This topic contains 3 replies,
has 3 voices, and was last updated by Stratus6
8 years, 10 months ago.

Topic Details

Forum:	Platform Support: Charts, Data & Broker Setup
Language:	English
Started:	04/14/2017
Status:	Active
Attachments:	No files

Loading...