StopLoss at lowest price

• 10/03/2019 at 3:41 PM #109197
  carlo__

  Hello Community

   

  For educational purpose, i am trying to code a script where the lowest[x](low) in previous bars could acts as a strategy stop loss

  Additionally, the distance between tradeprice and stop loss price would be the Target Profit. I coded the following but seems it doesnt’t do the job.

  IF myconditons AND NOT ONMARKET THEN BUY 1 CONTRACTS AT MARKET LowestPrice = lowest[12](low) ENDIF IF ONMARKET THEN if (close < LowestPrice) then SELL AT MARKET ENDIF ENDIF IF ONMARKET THEN TargetProfit = TradePrice - LowestPrice SET TARGET PPROFIT TargetProfit ENDIF

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  IF myconditons AND NOT ONMARKET THEN BUY 1 CONTRACTS AT MARKET LowestPrice = lowest[12](low) ENDIF   IF ONMARKET THEN if (close < LowestPrice) then SELL AT MARKET ENDIF ENDIF   IF ONMARKET THEN TargetProfit = TradePrice - LowestPrice SET TARGET PPROFIT TargetProfit ENDIF

  I would be grateful if you can explain me why this code doesn’t work properly, cause i can run up my learning curve.

  Thank you!

  

  carlo__

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  10/03/2019 at 3:50 PM #109198
  carlo__

  Ok it seems to be fixed. I added the NOT ONMARKET condition (edited the previous post) in the first row and it does the job. Sorry for double-posting but my internet connection is a bit weak today.

   

  1 user thanked author for this post.

  robertogozzi

  

  carlo__

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