StopLoss at lowest price

carlo__ · 2019-10-03T14:41:35+00:00

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 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!

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10/03/2019 at 3:41 PM #109197 quote
carlo__
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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
```
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!
10/03/2019 at 3:50 PM #109198 quote

carlo__
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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.

robertogozzi thanked this post
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