Creating a stop at the low of a particular bar

• 04/14/2017 at 7:09 PM #32066
  Stratus6

  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

  

  Stratus6

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

  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

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

   

  

  Wing

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  04/15/2017 at 10:05 AM #32106
  GraHal

  Thanks Wing, I understand above, except why we need …

  <span class="token keyword">once</span> MyStop <span class="token operator">=</span> <span class="token number">1 Thank You GraHal</span>

  1 2 3 4

  <span class="token keyword">once</span> MyStop <span class="token operator">=</span> <span class="token number">1   Thank You GraHal</span>

   

  

  GraHal

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  04/15/2017 at 11:05 AM #32111
  Stratus6

  Thanks Wing, thats really fantastic.

  Many thanks

  Linden

  

  Stratus6

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