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Guess that's right, no built in Buystop (like ApplyStop), but what
Graham posted does exactly the same.
Explanation of BuyPrice: Let's say your Buy-Array triggers on a
particular bar --> you buy the stock. And because AB needs to know at
which price to buy, it gets the value from BuyPrice. If you'd like to
trade on Open, set Buyprice = Open; if you'd like to enter the trade a
tick above yesterday's high price, you just have to set the BuyPrice to
that value. The PriceBoundChecking assures that this value is in the
High-Low range of the bar your trade is in.
Needless to say, make sure your rules don't look into the future (e.g.
always buy on Low) ;)
Regards,
Andreas
Mr. Blue Blau wrote:
> Thank you !
> It seem that AFL don't have a built in buystop function...is that right ?
> I don't know how to use the buyprice is...any help ?
> Need to learn more this weekend :)
>
> On 9/2/05, Graham <kavemanperth@xxxxxxxxx> wrote:
> > Provided I understand yur query, just create a statement that outlines
> > your requirements
> >
> > SetOption( "PriceBoundChecking", 1 );
> > settradedelays(0,0,0,0);
> > ticksize = 0.01;
> > Buy = Cross( H, ref(h,-1) ); // should trigger only when high crosses
> > above previous bar high
> > Buyprice = ref(H,-1)+ticksize;
> >
> > if this is not the only condition then just ass them to the buy
> statement
> > liine
> >
> > //ticksize is reserved variable and can be set per symbol in symbol
> > information
> >
> > On 9/2/05, Richard Taylor <ricardo.juangga@xxxxxxxxx> wrote:
> > > Hi All,
> > >
> > > I need to write again my question. Is there any function in AFL for
> > > entry stop / limit order ? e.g put entry stop long order on the
> > > previous day high + 1 tick. How to do that ?
> > > In the reference I can only find buy/sell or short/cover or buyprice/
> > > shortprice.
> > >
> > > Thank you for the help.
> > > BTW I'm new to this language
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > > Please note that this group is for discussion between users only.
> > >
> > > To get support from AmiBroker please send an e-mail directly to
> > > SUPPORT {at} amibroker.com
> > >
> > > For other support material please check also:
> > > http://www.amibroker.com/support.html
> > >
> > >
> > > Yahoo! Groups Links
> > >
> > >
> > >
> > >
> > >
> > >
> > >
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