[amibroker] Trailing Stop Example

["Phsst" <phsst@xxxxxxxxx>]

The following implements a trailing stop loss at yesterdays LOW minus
SLlevel (Adapt to your own needs):
-----------------------------------------------------

Buy = Cond;
Sell = 0; // Initialize Sell Array before looping

/* ORDER EXIT */
positionopen = False;
for( i = 1; i < BarCount; i++ )       // Trailing Stop logic
{
      if ( positionopen )  Buy[ i ] = False;  // ExRem sim... only 1
Buy signal per trade
      if ( Buy[i] )
      {
         SellPrice[ i ] = 0;         // No S/L on 1st Day
         positionopen = True;
      }
     else
        SellPrice[ i ] = Max( Low[ i - 1 ] - SLlevel, SellPrice[ i - 1
] );

     if ( Open[i] < SellPrice[i] )        SellPrice[i] = Open[i];

    if ( i == BarCount OR L[ i ] <= SellPrice[ i ] )
    {
        Sell[ i ] = True;
        positionopen = False;
    }
}


Regards,

Phsst


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