[Metastockusers] Re: 1st profitable open exit

["heitor1975" <heitor1975@xxxxxxxxx>]

Eric (and Chris),
I think you can solve your problem coding the exit this way:

open > valuewhen(1,close < bbandbot(c,10,s,2) AND
Ref(C,-1)>Ref(bbandbot(c,10,s,2),-1),close)

heitor

--- In Metastockusers@xxxxxxxxxxxxxxx, "Eric and Chris"
<ericandchristy@xxxx> wrote:
> 
> Hello,
> 
> I am trying to code in my exit the first profitable exit after entry.
>  My entry is simple close < bbandbot(c,10,s,2) (buy on close).  I want
> to exit on the first profitable open after that entry so I use :
> 
> open > valuewhen(1,close < bbandbot(c,10,s,2),close)   
> 
> and this works most of the time.  However, when there are 2
> consecutive closes below the lower bollinger band and it opens below
> the entry then it exits on the open if the close of the 2nd bar is
> below the lower bollinger band.  Which obviously isn't a profitable
> opening.
> 
> I tried to use a simple if() statement but it will only let me put
> data arrays in it and not functions.
> 
> Help
> 
> Thanks
> Eric





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