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Hello,
I've been having some trouble converting a tradestation exit code
into metastock language. For one thing, referencing the entry price
when it keeps changing but that is just part of it. Thought maybe
someone could help me out. Here is the description of how it works.
Thought the description might be more useful then the code as someone
migh know how to code it in metastock without previous experience
needed in tradestation.
1. Exit on a stop at the lowest low of the last twenty-four days.
2. When the close is greater than the entry price plus 3 Average
True Ranges, then exit on a stop at the lowest low of the last ten
days. 3. Once the trade has reached an intraday peak (not
necessarily on a closing basis) that is 4 Average True Ranges or more
above the entry point, place a sell stop at 2 Average True Ranges
above the entry point. 4. When the close is greater than the entry
price plus 6 Average True Ranges, then exit on a stop at the lowest
low of 4 days. 5. If the highest close in the trade is greater than
one Average True Range above the entry point and the highest close
occurred within the last 3 days and the ADX begins to decline (lower
today than 3 days ago) then exit tomorrow at today's low on a stop.
Best Regards,
David
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