Distinguishing between the entry price and the exit (stop) price

• 06/23/2016 at 5:27 PM #9763
  merc1203

  Let’s imagine I enter a trade at 12205

  I only want to add to the position at prices above the 1st entry

  My line of code is

  cond1 = close > tradeprice(1)

  However, when the first trade is stopped out before adding a second position, the algo, as written, is referencing the stop price and not the original entry price

  Rather than referencing tradeprice(1), what should I refer to?

  In intuitive terms, I want to reference entryprice1 and never “stopprice1” which if the original entry is stopped out is tradeprice(1)

  Many thanks

   

  

  merc1203

  Participant

  Topics: 13

  Replies: 36

  Been thanked: 2 times
  06/23/2016 at 7:15 PM #9773
  Nicolas

  I’m not sure I understand .. tradeprice(1) always refer to the entry price level of the previous order, so why do you think it gives you the price where the trade has closed?

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20828

  Been thanked: 4738 times
• Author
  Posts