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Hi,
Anyone help please, why does the following code produce 3 signals on
the last 3 days .
If you run it through a scan to pick the latest trades and you will see
what I mean ie: the 3 arrows.
One signal is prior to the actual profit/initial stop.
One signal on the actual profit/initial stop.
One signal is following the actual profit/initial stop.
Is there something obviously wrong here:
Thanks, Glenn
---------------------8<--------------------
GraphXSpace=10;
N= Cross( EMA(Close,9) , EMA(Close,21) );
Buy= N AND Ref(N,-1)==0;
Sell= Close<Ref(LLV(Low,11),-1);
buyprice = open;
sellprice = open;
ApplyStop( stopTypeProfit, stopModePercent, 25, False, False);
ApplyStop( stopTypeLoss, stopModePercent, 20, False, False);
PositionSize=5000;
SetTradeDelays( 1, 1, 0 ,0);
Equity(1);
//Buy Signal plot
PlotShapes(IIf(Buy,shapeHollowUpArrow ,shapeNone),5,0,L,-10);
//Sell Signal plot
PlotShapes(IIf(Sell,shapeHollowDownArrow ,shapeNone),4,0,H,-
10);
//LLV Trailing Stop plot
PlotShapes(IIf(Sell==1,shapeDigit1 ,shapeNone),9,0,H,50);
//Initial Stop plot
PlotShapes(IIf(Sell==2,shapeDigit2,shapeNone),4,0,H,50);
//Profit Exit plot
PlotShapes(IIf(Sell==3,shapeDigit3,shapeNone),5,0,H,50);
Plot(Close,"Price",colorBlack,128);
---------------------8<--------------------
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