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The AmBroker help file writes:
Quote:
BuyStop = ... the formula for buy stop level;
SellStop = ... the formula for sell stop level;
// if anytime during the day prices rise above buystop level
(high>buystop)
// the buy order takes place (at buystop or low whichever is higher)
Buy = Cross( High, BuyStop );
// if anytime during the day prices fall below sellprice level ( low
< sellstop )
// the sell order takes place (at sellstop or high whichever is
lower)
### Sell = Cross( SellPrice, SellStop); ###
BuyPrice = max( BuyStop, Low ); // make sure buy price not less than
Low
SellPrice = min( SellStop, High ); // make sure sell price not
greater than High
UnQuote
Unless I misunderstand the content of the SellPrice variable I
believe the line marked ### above should read:
Sell = Cross(SellStop, Low);
as this would trigger when Low dipped below SellStop. Is this
correct or am I missing something?
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