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This is probably easy for most of you, but I just can't seem to
figure this out.
I'm using one tick above the high of the previous day for an entry
point and trying to create an exit rule where for a long position,
the exit would be one tick below the low of the day prior to the
entry day ( the same days where I got my entry point from) until a
low exists that is above the high of my entry point, at which time
the exit would then become one tick below that low and continue to
follow the trade like this; sell=L<ref(l,-1)-0.01;
So what I need to do is label and hang on to the "one tick below"
the low of the day prior to entering. I believe I need to use the
Hold function, but am not sure how to identify the price point I
need.
Any suggestions would be appreciated.
Thanks,
Safetrading
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